Forecast: Import of Oil Seed, Oleagic Fruits, Grain and Seed to Italy

In 2023, Italy's imports of oil seeds, oleaginous fruits, grain, and seed were valued at an estimated 1.6326 billion USD. The forecast from 2024 to 2028 shows a steady year-on-year growth ranging from 1.47% to 1.51%. This consistent upward trend suggests an average compound annual growth rate (CAGR) of around 1.5% over the five-year period.

Looking ahead, several factors could influence these trends:

  • Fluctuations in global commodity prices due to geopolitical tensions or climate change.
  • Increasing demand for biofuel, which may drive up prices and import volumes.
  • Potential shifts in agricultural policies within the European Union impacting trade dynamics.
  • Italy’s focus on sustainable practices might shift import patterns towards more eco-friendly sources.

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