Key Market Indicators
Italy's oilseed consumption is projected to rise to approximately 254,000 metric tons by 2028, up from around 250,000 metric tons in 2023. This growth represents an average annual increase of 0.2%. Since 2019, however, the country's demand for oilseeds has been declining at an average rate of 0.2% per year. In global rankings for 2023, Italy holds the 31st position in oilseed consumption, with Canada narrowly surpassing it at the same figure of 250,000 metric tons. Leading the global consumption rankings are India, Indonesia, and Brazil, occupying the second, third, and fourth positions respectively. On the production front, Italy's oilseed output is expected to decrease to about 699,000 metric tons by 2028 from nearly 754,000 metric tons in 2023. This indicates an average annual decline of 1.2%. Since 1966, the country's oilseed supply has seen a slight annual decrease of 0.2%. In 2023, Italy ranked 30th in oilseed production, while Papua New Guinea slightly edged ahead with the same production figure of approximately 754,000 metric tons. Dominating the production rankings are Brazil, Malaysia, and the United States, securing the second, third, and fourth spots, respectively.
