As of 2023, Italy imported approximately 2.92 million metric tons of soya. The forecast for 2024 projects an increase to 3.08 million metric tons, indicating a steady growth trend in Italy’s soya imports. This pattern is expected to continue, with imports reaching 3.76 million metric tons by 2028. The year-on-year growth rates for 2025, 2026, and 2027 are 5.8%, 5.5%, and 4.9%, respectively. The compound annual growth rate (CAGR) for the period from 2024 to 2028 is estimated to be around 5.1%, reflecting a robust upward trend in soya importation volumes.
Future trends to watch for:
- Changes in domestic soya production and possible shifts in agricultural policies.
- Global market conditions, including soya availability and international trade agreements.
- Consumer demand for plant-based products, potentially influencing import volumes.
- Environmental considerations and sustainability practices affecting supply chain dynamics.