The import of milled rice to Italy displayed steady growth from 2013 to 2023, with the volume reaching 86.284 million kilograms in 2023. The data highlights an overall increasing trend with a peak in annual growth observed in 2015 and 2014. However, the year-on-year growth has shown a decelerating trend from its high in 2015. Notably, from 2022 to 2023, the growth rate was 3.3%, while the 5-year CAGR from 2018 to 2023 stands at 3.64%.
The forecast for the coming years (2024-2028) suggests a consistent, albeit slower, growth trend. The projected 5-year CAGR from 2024 to 2028 is anticipated to be around 2.21%, with an overall growth rate of 11.54% over this period.
Future trends to watch for include:
- Potential implications of global rice supply chain dynamics and trade policies.
- Impact of changes in consumer preferences and dietary trends in Italy.
- Technological advancements in agriculture and rice production efficiency.