In 2023, Italy's oilseeds import volume was estimated at 2.35 million metric tons. From 2024 to 2028, forecasts show a slight upward trend in imports, growing from 2.37 to 2.47 million metric tons, indicating steady demand. The year-on-year growth in import volume reflects moderate increases ranging from approximately 0.8% to 1.2% annually. The five-year compound annual growth rate (CAGR) suggests a consistent rise in import demand over this period.
Future trends to watch include:
- Potential impacts of global agricultural policies on import volumes.
- Shifts in domestic production and consumption affecting import needs.
- Exchange rate fluctuations influencing import costs and volumes.
