Between 2013 and 2023, the durum wheat groats and meal market in Italy fluctuated, reaching 2.2848 billion kilograms in 2023. It experienced large variations with significant growth in 2017. Yet, the market saw modest declines in some years. The year-on-year growth from 2022 to 2023 was positive at 0.85%, signaling slight recovery. The five-year compound annual growth rate (CAGR) leading to 2023 was -0.77%, reflecting minor downticks over this time. Forecasted from 2024 onwards, the market is anticipated to see moderate growth, with a projected CAGR of 0.63% over the next five years.
Future trends to watch for include changing consumer dietary preferences potentially boosting demand for durum wheat products, policy changes on agricultural imports and exports, as well as possible technological advancements in cultivation and processing methods that could affect market volumes. Monitoring these could provide further insights into market dynamics.
