The palm oil market in Italy has exhibited a stagnant growth trend in recent years, with the volume consistently hovering around 223 thousand metric tons from 2017 to 2022. In 2023, the volume stood at 224 thousand metric tons, indicating a marginal increase.
Year-on-year variations were negligible, except for minor increases of 0.45% in 2015, 2017, and 2022. The compound annual growth rate (CAGR) over the last five years (2019-2023) remained modest at 0.09%.
Looking toward the future, the forecast suggests modest growth, reaching 225 thousand metric tons by 2028, reflecting a forecasted 5-year CAGR of 0.09% and an overall 5-year growth rate of 0.45%.
Future trends to watch for include potential shifts in consumer preferences towards more sustainable and eco-friendly alternatives, regulatory changes impacting imports, and global market fluctuations affecting supply chains.
