Italy in known for its massive production of agricultural products of all kinds which has reached a new record last year. According to Istat, the National Statistics Office, in 2016 Italy occupied the second position in terms of agricultural production in Europe. Foreign investors who want to start a business in the agricultural industry can rely on the services offered by our Italian company formation consultants.
Even if the income generated by agricultural businesses was slightly lower than in 2015, this did not prevent Italy to be one of the largest exporters of foodstuff in Europe. According to Istat, Italy’s production of foodstuff decreased by 3.9% last year, however, so did France’s production which was the leading agricultural producer at EU level.
Foreign investors who want to open a company in agriculture in Italy will be supported by the EU which has created a Common Market Organization for Fruit and Vegetables, the CMO, which has facilitated the transportation and distribution of products last year in the other EU states.
If in 2015 Italy came behind the Netherlands and Spain in terms of economic value in agriculture, last year it surpassed both countries, according to a report issued by Eurostat. Fruit is another strength of the Italian agriculture and similar results to those above were registered in 2016 compared to the previous year.
If when it comes to producing vegetables and fruit, Italy occupied the second position, the country remains the largest grapes and wine producer in the European Union, its vineyards being recognized worldwide. In 2016, Italy was the largest wine producer not only in Europe, but in the world with a production of 50 million hectoliters, 3% higher than in 2015. Italy also surpassed France in 2016 in terms of wine production and distribution. Moreover, wine is Italy’s most exported product.
Italy offers a diverse and performant economy which is based on agriculture, so if you want to start a business in this sector, our company incorporation advisors can assist you, so do not hesitate to contact us.