The import of milled rice to Italy stood at $92.34 million in 2023. Forecasted figures show a steady increase in the value of imports, reaching $95.484 million in 2024, $98.67 million in 2025, $101.79 million in 2026, $104.85 million in 2027, and $107.85 million in 2028. The year-on-year variations display the following increments:
- 2023-2024: 3.40%
- 2024-2025: 3.34%
- 2025-2026: 3.17%
- 2026-2027: 3.00%
- 2027-2028: 2.86%
The compound annual growth rate (CAGR) over the last five years is approximately 3.15%.
Future trends to watch for include changes in global rice production, international trade policies, and Italy's domestic consumption patterns. Additionally, fluctuations in currency exchange rates and potential shifts towards alternative grains could impact the rice import market.