The demand for rapeseed and mustard oil in Italy is forecasted to decline steadily from 2024 through 2028. In 2023, the demand stood higher than projected future levels. Year-on-year reductions are consistent, declining approximately 8.5% annually. Over the five-year forecast from 2024 to 2028, the compound annual growth rate (CAGR) suggests an average annual decrease of about 9% in demand.
Future trends to watch for include:
- Shifts in consumer preferences towards more health-conscious or locally produced oils.
- Regulatory changes affecting imports or agricultural practices in Italy.
- Global supply chain disruptions impacting the availability and price competitiveness of these oils.