In 2023, Italy's olive oil imports stood at 58.9 million kilograms. Forecasts indicate a gradual decline in imports across the next five years, with volumes reducing to 54.19 million kilograms by 2028. The year-on-year variation from 2024 indicates a consistent decrease of approximately 1.7% yearly. Over the five-year outlook, this trend demonstrates a compounded annual growth rate (CAGR) of approximately -1.4%, reflecting a continuous downward trajectory in import volumes.
Future trends to watch include shifts in domestic production capacity, changes in global olive oil prices, potential trade policy impacts, and the influence of consumer preferences towards domestic products. These factors could alter import dynamics significantly.
