The refined olive oil production in Italy has shown significant fluctuations over the years. From 2013 to 2015, production experienced a consistent decline, reaching a low in 2015. However, from 2016 onwards, the trend shifted positively with notable peaks in 2016, 2020, and 2021. By 2023, the production stood at 187.59 million kilograms, representing a small growth from the previous year. The Compound Annual Growth Rate (CAGR) over the last five years has been strong at 16.17%. Going forward, the forecast indicates a steady growth, with the five-year CAGR expected to moderate to 2.19% by 2028.
Future Trends to Watch For:
- Potential impact of climate change on olive harvests.
- Technological advancements in olive oil production.
- Shifts in global demand and export opportunities.
- Regulatory changes affecting the olive oil industry.
