The import of industrial oleic acid to Italy is forecasted to rise from 18.154 million kilograms in 2024 to 20.041 million kilograms in 2028. In 2023, the import was below the 2024 forecast, indicating a growth trajectory. The year-on-year growth rates are as follows:
- 2024 to 2025: 2.64%
- 2025 to 2026: 2.54%
- 2026 to 2027: 2.45%
- 2027 to 2028: 2.37%
The compound annual growth rate (CAGR) for the forecast period is approximately 2.45%, which suggests a steady increase in imports.
Future trends to watch include potential shifts in global oleic acid production, changes in environmental regulations impacting demand, and advancements in industrial applications influencing consumption strategies.
