2024: Pasta market acceleration

The sharp decline in domestic food demand and the substantial stagnation in international trade that characterised 2023 had an inevitable impact on the industrial production dynamics.

Therefore, the food industry closed the year with a – 1.6% decline on 2022. This trend is disappointing, but still better than the overall dynamics recorded by the Italian industry, showing -2.6% as a final result. In this scenario, pasta protected itself, but was no exception to the widespread economic downturn.

In fact, at the end of 2023, Italian pasta production recorded a -3.7% drop on the previous year, slightly heavier than that of the aggregate food industry, counterbalancing – one would say – the generally brighter pace shown by the sector in previous years.

However, the beginning of 2024 brought the production trend back on track. In the first two months, pasta production reached +2.0%, which exceeded the +1.1% rebound recorded by the food industry as a whole.

In fact, at the start of the new year, Italian and international food demand left the lower turning point behind, bringing a breath of fresh air to the markets. However, alongside the domestic market, exports have also and above all restarted.

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