The hard cheese production in Italy stood at 472.57 thousand metric tons in 2023, indicating an increase of 0.56% year-on-year. Over the last two years, the industry saw limited fluctuation with a minor decline of 0.74% in 2022 followed by a slight rebound in 2023. The Compound Annual Growth Rate (CAGR) for the past five years is 0.81%, reflecting moderate and steady growth. Historical data show a general upward trajectory with occasional minor declines, such as in 2018 and 2022.
Future trends to watch for include:
- Projected average growth of 0.23% per year over the next five years.
- A total increase of approximately 1.16% in hard cheese production by 2028.
- Market dynamics influenced by both domestic demand and export opportunities.
