The sold production of non-crude non-virgin olive oil in Italy is forecasted to decrease from 34.3 million kilograms in 2024 to 31.665 million kilograms by 2028. This indicates a steady downward trend, with a year-on-year decline of around 1.95% from 2024 to 2028. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately -1.91%, reflecting a consistent decline.
Future trends to watch for include potential impacts from climate change on olive yields, shifts in consumer preferences towards more premium or nutritious oils and changes in international trade policies affecting Italian olive oil exports. Additionally, innovations in agricultural technology could influence production efficiency and quality, potentially stabilizing or enhancing output in the longer term.
