The data on Italy's exports of Durum Wheat shows a significant fluctuation between the years 2017 and 2023, with a marked decrease until 2019 and a steady recovery from 2020 onward. From 2020 to 2023, there is a noticeable positive trend with year-on-year increases of 17.19%, 58.67%, 20.45%, and 22.79% respectively, indicating a robust recovery phase. The exports stood at 528.0 Thousand Metric Tons in 2023. The Compound Annual Growth Rate (CAGR) for the last two years stands high, demonstrating recent vigorous growth. Looking forward, forecasted data from 2024 to 2028 suggests a continued upward trajectory with a 5-year CAGR of 8.21%, anticipating a growth rate of 48.38% by 2028.
Future trends to watch for:
- Impact of climate change on durum wheat production and export quality.
- Global demand shifts for durum wheat, influenced by pasta consumption trends.
- Adoption of new agricultural technologies and their effects on yield and quality.
- Trade policies and their implications on export markets.
