The sold production of crude soya-bean oil in Italy has shown fluctuations over the past decade. In 2023, it stood at 120.19 million euros, marking a steady increase from prior years. Year-on-year variations have ranged significantly, including a notable decline of 21.77% in 2013 and a substantial increase of 52.01% in 2015. Over the last two years, the year-on-year growth was 1.44% in 2022 and 1.4% in 2023. The compound annual growth rate (CAGR) over the last five years averages to 1.5%, signaling moderate but consistent upward momentum.
Future trends to monitor include:
- Continued steady growth with a five-year forecast CAGR of 1.09%.
- The overall forecasted growth rate of 5.59% by 2028 suggests an ongoing positive trajectory.
Factors like global demand for vegetable oils, trade policies, and advances in agricultural technology will influence these trends.
