The crude sunflower-seed oil market in Italy has shown a continuous decline in volume from 2013 to 2023, reaching 578.15 million kilograms in 2023. This decrease reflects a prolonged contraction trend. The year-on-year variation indicates a slow but steady decline, with recent years, like 2023, experiencing a marginal drop of 0.47%. Over the last five years leading to 2023, the Compound Annual Growth Rate (CAGR) averaged -2.89%, illustrating the market's continued descent.
Looking forward, the forecast for 2024 to 2028 shows the market size volume declining further. The anticipated five-year CAGR is estimated at -0.37%, indicating a gentler but persistent downturn in market volumes. By 2028, the market is expected to decrease by around 1.82% in total volume compared to 2023.
Future trends to watch for include:
- Potential shifts in consumer preferences towards alternative oils, which could influence sunflower-seed oil consumption.
- Policy changes on agricultural production and imports, potentially affecting supply and demand dynamics.
- Advancements in agricultural technology that could impact production efficiency, possibly stabilizing volumes.
