The import of refined groundnut oil to Italy is projected to slightly decline from 1.8361 million kilograms in 2024 to 1.7074 million kilograms by 2028. Compared to 2023, when imports were at an estimated value, the year-on-year decrease is gradual. Specifically, the annual decline from 2024 to 2025 is 1.808%, and it further decreases by an average of 1.808% annually over the next five years, demonstrating a steady declining trend.
Future trends to watch for:
- Changes in dietary preferences or shifts toward healthier oil alternatives may further influence import volumes.
- Trade policies and tariffs in the European Union could impact the cost and demand for imported refined groundnut oil.
- Global market dynamics, particularly in groundnut oil-producing countries, might affect supply and pricing.