Analysis of the import trends of coconut oil to Italy reveals a volatile pattern from 2013 to 2023, with significant fluctuations in year-on-year variation. 2023 recorded an import volume of 32.383 million kilograms, a 7.72% increase over 2022. The compound annual growth rate (CAGR) for the past five years was modest, at 1.05%.
Key observations:
- The import volume experienced a downturn in 2020, with a significant 25.16% year-on-year decrease.
- Resilient growth was seen in 2022 with a 25.14% surge, followed by steady growth in 2023.
- Predicted CAGR for the next five years is 1.64%, indicating a gradual upward trend in imports.
Future trends to watch for:
- Market responses to the increasing demand for health-conscious and sustainable products.
- Impact of geopolitical factors and trade policies on import volumes and supply chains.