In 2023, Italy's import of simply refined palm oil or its fractions stood at a significant volume. Looking ahead, the data forecasts a steady growth in imports from 986.81 million kilograms in 2024 to 1095.1 million kilograms in 2028. Year-on-year, there is a consistent increase, reflecting a rising demand or strategic stockpiling. The compounded annual growth rate (CAGR) over these five years shows a healthy average increase per annum. This suggests a stable upward trend in the importation of palm oil or its fractions to Italy.
Future trends to watch for:
- Sustainability initiatives affecting import volumes
- Fluctuations in demand driven by dietary shifts or industrial use
- Potential trade policy changes impacting import dynamics
