In 2023, Italy's olive oil imports stood at 2.1 billion USD. Forecasts from 2024 onwards predict a moderate increase: 2024 sees 2.1218 billion USD, climbing gradually to reach 2.2259 billion USD by 2028. Year-on-year growth maintains steadiness, reflecting a consistent rise. Specifically, 2024 to 2025 shows a growth of 1.26%, with subsequent years experiencing similar incremental increases. The five-year CAGR denotes an approximate average annual growth of 1.18%, indicating stable upward movement.
Future trends to observe include potential impacts of climate change on production, currency fluctuations affecting import costs, and shifts in consumer preferences driven by health trends, which may influence demand and import volumes.
