The forecast for the import of non-crude non-virgin olive oil to Italy shows a declining trend from 2024 to 2028. Starting from 16.017 million kilograms in 2024, the import volume is projected to decrease to 13.734 million kilograms by 2028. This reflects a consistent year-on-year percentage decrease, with the most significant drop anticipated between 2027 and 2028.
In 2023, the actual import volume stood higher than in subsequent years, indicating potential challenges or shifts in consumer demand or production adjustments. The cumulative average growth rate (CAGR) over these forecasted years suggests a steady decline.
Future trends to watch for include potential changes in global olive oil supply chains, consumer preferences for alternative oils, and possible economic factors affecting Italy’s import capacity. Close monitoring of market dynamics will be crucial for adapting strategies in the coming years.
