The demand for oilseeds in Italy has experienced fluctuations over the past decade, beginning at 5.08 million metric tons in 2014 and stabilizing around 5.39 million metric tons in 2023. Key changes include a peak in 2015 with a 17.72% increase and a notable decrease in 2018 by 15.74%. The annual growth rate from 2019 to 2023 averaged at 1.14%, reflecting modest but consistent growth. As of 2023, the year-on-year variation stands at 0.11%, indicating stability in the market. The forecast suggests steady growth with a 5-year CAGR of 0.09%, projecting a demand of 5.43 million metric tons by 2028.
Future trends to watch for include:
- Potential impacts of agricultural policy changes in the EU.
- Technological advancements in oilseed cultivation and processing.
- Shifts in consumer preferences towards plant-based oils and proteins.
- Economic factors affecting the agricultural sector, such as input costs and trade dynamics.