The import of cocoa beans to Italy has seen a general upward trend from 2013 to 2023, with a value standing at 106.83 million kilograms in 2023. Despite some fluctuations, the annual growth rate recently declined, as the year-on-year variation for 2022 and 2023 was 1.45% and 1.4%, respectively. The compound annual growth rate (CAGR) over the last five years through 2023 is 1.66%, indicating steady but modest growth. The forecast for the next five years (2024-2028) suggests continued growth at a CAGR of 0.99%, with a predicted total increase of 5.07% by 2028.
Future trends to watch for include potential impacts from sustainability initiatives in cocoa production, changes in global trade policies, and shifts in consumer preferences towards organic and fair-trade products, which could significantly affect demand and import volumes.
