Sessing the historical data for sesame oil production in Italy, we observed fluctuating trends. From 2013 to 2023, the production values were relatively inconsistent, with the lowest production occurring in 2014 at 2.51 thousand metric tons and the highest in 2013 at 3.4 thousand metric tons. Post-2020, production stabilized around the 3 thousand metric tons mark, with minimal variations. In 2023, the production was noted to be 3.1 thousand metric tons.
Year-on-year analysis reveals notable fluctuations, such as a 23.78% increase in 2015 followed by an 18.25% decrease in 2016, among others. Over the last two years (2022-2023), the year-on-year variation was modest at 0.85%. The Compound Annual Growth Rate (CAGR) from 2019 to 2023 was approximately 0.44%, indicating marginal annual growth.
Looking ahead, the forecast from 2024 to 2028 suggests a stable yet modest growth, with a CAGR of 0.67% and an overall anticipated growth rate of 3.38% over the five-year period. This highlights a potential steady increase in production, though the growth remains moderate and incremental.
Future trends to watch for include potential changes in agricultural practices, shifts in market demand, and international trade dynamics. These factors could influence the production trajectory and possibly lead to more significant growth or variations in sesame oil output in Italy.