Italy's vegetable oil demand has seen a gradual decline from 3.73 million metric tons in 2014 to 3.38 million metric tons in 2023, reflecting a consistent downward trend. The year-on-year decrease was most notable in 2016, with a 3.39% drop, whereas the recent years alternated between minor increments and decrements, standing at -0.59% in both 2022 and 2023. The average annual decrease over the last five years (CAGR) was -0.54%. Forecasting ahead, demand is expected to further dip to 3.27 million metric tons by 2028, continuing at an estimated CAGR of -0.49%, and a total decline of -2.44% over this period.

Future trends to watch for:

Impact of dietary shifts towards plant-based and low-fat alternatives.
Economic factors influencing consumer purchasing power and consumption patterns.
Innovations in production and health trends affecting vegetable oil utilization.