Forecast: Nuts Export Volume in Italy

In 2023, the export volume of nuts in Italy stood at 191.0 thousand metric tons. Over the recent years, the year-on-year variation has been relatively stable, reflecting consistent growth. Specifically, the year-on-year change in 2023 was 1.06%, following a trend of modest increases in previous years. Over the past five years, from 2019 to 2023, the compound annual growth rate (CAGR) was 0.97%, indicating a steady but slow upward trend.

Reviewing the period from 2014 to 2018, we observe higher growth rates, with significant year-on-year increases such as 7.19% in 2016 and 6.1% in 2017, demonstrating a stronger growth phase in the early part of the decade. Conversely, between 2019 and 2023, the growth rates were more restrained, never exceeding 1.66%, reflecting a more mature and saturated market.

Forecasted data from 2024 to 2028 suggests a continuation of this steady trend, with the export volume expected to reach 202.0 thousand metric tons by 2028. The forecasted five-year CAGR is 0.92%, leading to an overall growth rate of 4.66% over this period, indicating that while growth will persist, it will remain incremental.

Future trends to watch for include potential impacts from shifts in global trade policies, changes in consumer preferences towards healthier and plant-based diets, and advancements in agricultural technology that could affect production yields and quality.

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