In 2023, the sold production of virgin olive oil in Italy stood at 830.51 million kilograms. Over the past two years, there was a 3.75% increase in 2023 following a significant 64.74% rise in 2022. The CAGR for these two years shows a contraction at -14.59%. Looking back further, historical data shows dramatic volatility: a notable peak in 2018 followed by major fluctuations. Key changes include a 179.43% surge in 2020 and a sharp 63.54% decline in 2021.
Forecasted data from 2024 to 2028 show a gradual increase with an average annual growth (CAGR) of 2.56%. Expected values for virgin olive oil production in 2028 are approximately 13.47% higher compared to 2023.
Trends to watch for include climatic impacts on olive yields, export trends, and potential shifts in consumer preferences for olive oil. Enhanced production technologies and agricultural policies may also play crucial roles in shaping future outputs.
