2024 – A complex, yet rewarding year for pasta
After the fluctuations over the past few years, in 2024 the production of the pasta sector has regained a solid expansion trend. Let us look back for a moment at the fluctuations in this sector in recent years. Production reached an extraordinary +8.5% in 2020, when consumers “held on” to pasta at the peak of the pandemic, while the food industry as a whole closed the year with a -2.5% drop in production.
This was followed by a huge step back in 2021 (-9.0%), then a new upturn in 2022 (+3.0%) and a equivalent downturn in 2023 (-3.7%). Now, the first five months of 2024 show a production boost in the pasta sector of +4.1% over January-May 2024.
This is an impressive delta, well above the +1.2% reached by the Italian industry as a whole at the same time. In short, the sector seems to have come out of the fluctuating trend mentioned earlier.
The secret? The expansion trend coming from exports. And it can only come from there, when the domestic market is disappointing and static.
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