The forecasted import of palm oil to Italy showcases a steady increase from 2024 to 2028. In 2023, the imports stood at approximately 875 million kilograms. Moving forward, the year-on-year growth rate from 2024 is projected between 0.84% and 1.02%, with a compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 estimated at around 0.90%.
Future trends to watch for include:
- Shifts in dietary preferences and environmental policies which may influence palm oil consumption.
- Possible changes in trade agreements or tariffs impacting import volumes and costs.
- Technological advances in alternative sources or substitutes for palm oil that could affect demand.