The sold production of palm oil in Italy experienced significant fluctuations from 2013 to 2023. The production saw a drastic increase from 2013 to 2015, peaking at 189.06 million kilograms in 2015, before experiencing a steady decline until 2018. By 2023, the production slightly recovered to 146.72 million kilograms. The year-on-year variations show notable peaks and troughs, with the most significant spike occurring in 2014 at 745.27%. Over the last two years, the production modestly increased by 1.27% in 2023 following a slight dip in 2022 of -3.55%. The 5-year CAGR up to 2023 stands at 5.04%.
Looking ahead, forecasted figures from 2024 to 2028 indicate a gradual uptick in production, with a forecasted 5-year growth rate of 4.78% and a forecasted 5-year CAGR of 0.94%. Future trends to watch for include the global supply chain dynamics impacting palm oil availability, shifts in environmental policies affecting production practices, and emerging consumer preferences for sustainable products driving demand for alternatives. These factors will play a crucial role in shaping the trajectory of palm oil production in Italy.
