In 2023, Italy imported an estimated 498.0 thousand metric tons of olive oil. Forecasted figures indicate a gradual decline in import volume from 489.0 thousand metric tons in 2024 to 453.0 thousand metric tons in 2028, with a consistent year-on-year decrease of approximately 1.84%. This trend suggests a compound annual growth rate (CAGR) of -2.35% over the five-year period. The persistent decline may reflect shifts towards local production or changes in domestic consumption patterns.
Future trends to watch include potential impacts of climate change on olive yields, evolving trade policies, and consumer preferences shifting towards sustainable and healthier oil alternatives, which may influence import dynamics.
