The Maize Oil Market in Italy showed consistency from 2014 to 2017 with a volume of 69.0 Thousand Metric Tons each year. However, from 2018 onwards, the market settled at a slightly lower volume of 67.0 Thousand Metric Tons, maintaining this level through to 2023. Currently, in 2023, the volume remains unchanged at 67.0 Thousand Metric Tons. The year-on-year variation from 2022 to 2023 has been stable at 0%, with a Compound Annual Growth Rate (CAGR) of 0% over the past five years.
Looking ahead, forecasted data indicates a slight decline in the market volume starting from 2027, dropping to 66.0 Thousand Metric Tons, with a forecasted 5-year CAGR of -0.3% and an overall forecasted 5-year growth rate of -1.49% by 2028.
Future trends to watch for include:
• Potential impacts of changing agricultural policies in Italy.
• Innovations in maize oil production and processing technology.
• Shifting consumer preferences towards alternative oils.
• Economic factors influencing domestic and global maize supply chains.
