In 2023, Italy's import of sunflower or safflower oil and fractions, simply refined, was valued at approximately $117 million. The forecast indicates a continuous upward trend from 2024 through 2028, showing annual growth values reaching $141.38 million by 2028. The year-on-year growth rates signal a steady increase averaging around 4% per year, highlighting a consistent rise in import demand for the oil. This extended trend suggests a compounded annual growth rate (CAGR) of approximately 3.85% over the five-year period from 2024 to 2028.
Future trends to watch for include fluctuations in global production due to climate change impacts, shifts in consumer dietary preferences towards healthier cooking oil alternatives, and potential changes in trade agreements that could affect import prices or quantities. Monitoring these factors will be crucial for stakeholders in anticipating further market adjustments.
