Italy's olive oil export volume is forecasted to decline steadily from 301.0 thousand metric tons in 2024 to 277.0 thousand metric tons by 2028. Based on historical data, the olive oil export volume stood at 307.0 thousand metric tons in 2023. The year-on-year percentage variation is -2.0% from 2024 to 2025, -2.0% from 2025 to 2026, -2.1% from 2026 to 2027, and -2.1% from 2027 to 2028. This depicts a consistent decreasing trend. The Compound Annual Growth Rate (CAGR) over the five-year period suggests an annual average decrease of around 2%.
Future trends to watch for include potential market shifts due to climate change affecting olive yields, evolving international trade agreements, and changing global demand for olive oil. These factors could impact the forecasted export figures and should be closely monitored.
