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.