The production of crude sunflower-seed and safflower oil in Italy exhibited significant fluctuations in the past years. The value stood at 274.5 million kilograms in 2023, representing a 13.36% year-on-year increase. The CAGR from 2019 to 2023 was 63.47%, underscoring robust growth. Moving into the forecasted period from 2024 to 2028, a steady increase is anticipated, with the production expected to reach 431.44 million kilograms by 2028. The forecasted 5-year CAGR is projected at 7.08%, with an overall 5-year forecasted growth rate of 40.75%. These trends suggest a sustained yet moderate growth trajectory ahead.
Future trends to watch for include:
- Market demand shifts driven by health trends and dietary preferences.
- Impact of agricultural and environmental policies on production volumes.
- Technological advancements and their influence on production efficiency and capacity.