The palm oil processing industry in Italy has experienced a general decline over the past decade. In 2014, the volume was at 52,000 metric tons, and by 2023, it had diminished to 41,000 metric tons. This reflects a downward trend with notable year-on-year fluctuations, including a significant drop of 15.38% from 2014 to 2015 and a recovery of 17.95% in 2018. The volume stabilizes somewhat from 2020 to 2022 but continues a slight decline thereafter.
Year-on-year variation for 2023 was -2.38%, consistent with the average 5-year CAGR of -2.28%. Projections indicate a continued decrease, with the 2028 forecasted to be 39,000 metric tons, reflecting a five-year growth rate of -4.88% and a CAGR of -1%.
Future trends to watch for:
- Impact of regulatory changes on palm oil production and imports
- Shifts towards sustainable and alternative oils
- Market demand fluctuations driven by consumer preferences and health trends
