The sold production of sunflower-seed oil in Italy has generally shown an upward trend from 2013 to 2023, reaching 732.4 million kilograms in 2023. The year-on-year percentage change indicates significant fluctuations, with rapid growth in certain years like 2015 and 2021, and minor declines in others such as 2016 and 2022. Notably, the five-year CAGR from 2019 to 2023 stands at approximately 7.31%, reflecting a robust annual average growth rate.
Looking forward, forecasted data till 2028 suggests a steady increase in production, albeit at a slower average annual growth rate with a forecasted five-year CAGR of 1.24% and an overall five-year growth rate of 6.38%. This implies the industry is expected to stabilize with more consistent, although moderate, growth.
Future trends to watch for include advances in agricultural practices, potential climate impacts on sunflower yield, market demand shifts, and policy changes affecting production. Monitoring these factors will be crucial for anticipating further changes in production levels.