The forecasted trend for Italy's import of lard, other pig fat, and poultry fat from 2024 to 2028 shows a gradual decline. Starting at 7.3738 million USD in 2024, the value decreases to 7.132 million USD by 2028. This represents a consistent year-on-year decrease of approximately 1%, indicating a steady decline over this period. The average compound annual growth rate (CAGR) over the last five years can be projected as negative, highlighting a downward trajectory in import value.
Future trends to watch for:
- Changes in consumer preferences toward healthier fats may continue to impact demand negatively.
- Potential trade policy shifts and economic factors might influence import dynamics.
- Increased local production could further reduce the need for imports.