The oilseeds processing volume in Italy showed a fluctuating trend between 2014 and 2023, starting at 4.56 million metric tons in 2014 and reaching 4.83 million metric tons in 2023. The highest volume was recorded in 2017 at 5.57 million metric tons, while the lowest was in 2018 at 4.52 million metric tons. From 2019 onwards, the volume stabilized around 4.81 to 4.83 million metric tons. The year-on-year variation in 2023 was marginal at 0.062%, reflecting a stable market in recent years. The five-year compound annual growth rate (CAGR) leading up to 2023 stood at 1.31%, indicating a modest growth trajectory.
- 2015 saw significant growth at 21.6% year-on-year.
- 2016 experienced a decline of 12.38%.
- 2017 bounced back with a 14.67% increase.
- 2018 had a substantial drop of 18.71%.
- 2019 to 2023 witnessed steady stabilization around 4.81 to 4.83 million metric tons.
Looking ahead, the forecast suggests the oilseeds processing volume will continue to stabilize around 4.84 to 4.85 million metric tons from 2024 to 2028. The forecast CAGR for the upcoming five-year period is minimally positive at 0.05%, pointing to a stable but low-growth market.
Future trends to watch for include technological advancements in processing, changes in domestic consumption patterns, and potential impacts of global trade policies on the oilseeds market.