The oilseeds market in Italy has shown fluctuations over the past decade. In 2023, the market volume stood at 250 thousand metric tons, reflecting a slight year-on-year growth of 0.4%. Throughout the last two years, the market observed this consistent but modest growth. Examining the past five years, the compound annual growth rate (CAGR) averaged -0.16%, indicating slight decreases and stability. Forecasts from 2024 to 2028 predict a gradual increase in market volume, with the CAGR expected to be 0.24%, culminating in a 1.2% total growth over the forecast period.
Future trends to watch for include:
- The impact of climate change on oilseed production.
- Technological advances in agriculture boosting productivity.
- Shifts in global demand and trade policies.
- Increased focus on sustainability and organic farming practices.