In 2024, the forecasted sold production of virgin olive oil in Italy stands at 1.6597 billion euros. Comparing 2024 data with subsequent years, a downward trend is observed: 1.6058 billion euros in 2025, 1.5525 billion euros in 2026, 1.4997 billion euros in 2027, and 1.4474 billion euros in 2028.
The year-on-year percentage decreases are as follows: from 2024 to 2025 by approximately 3.2%, from 2025 to 2026 by approximately 3.3%, from 2026 to 2027 by approximately 3.4%, and from 2027 to 2028 by approximately 3.5%. The Compound Annual Growth Rate (CAGR) over the five-year period is approximately -3.4%, indicating a consistent average annual decline.
Looking ahead, factors such as climate change impacts on olive cultivation, shifts in global demand, competition from other olive oil-producing nations, and potential economic factors affecting consumer purchasing power are critical trends to monitor.
