In 2023, Italy imported locust beans and seeds valued at approximately 420 thousand USD. The forecasted data shows a consistent annual decline, with import values dropping from 375.86 thousand USD in 2024 to 204.64 thousand USD by 2028. Year-on-year, the imports are expected to decrease by around 10%-15%. This trend indicates a compounded annual growth rate (CAGR) of approximately -14% over the 2024-2028 period.
Future trends to watch for include:
- Possible changes in domestic production or sourcing strategies that could influence import values.
- Fluctuations in global locust bean and seed market prices that may affect Italy's import trends.
- Economic and policy changes within Italy impacting the import sector.
- Potential impacts from climate change on locust bean production influencing supply chains.