The production of refined soya-bean oil in Italy displayed significant variability from 2013 to 2023. The year 2013 marked a decrease, continuing into 2014. Notable growth occurred between 2015 and 2018, reaching a peak in 2018. However, the following years saw a decline until 2021, succeeded by minor increases. In 2023, the production was at 190.09 million kilograms, a slight uptick from the previous year. The compound annual growth rate (CAGR) over the last five years was -1.29%.
Looking ahead, the forecast predicts a steady growth rate of 1.13% annually up to 2028, with an overall growth of 5.8% during this period. Future trends to watch for include potential impacts of environmental policies on soybean farming, global supply chain fluctuations, and technological advancements in oil refining processes.
