The demand for cottonseed oil in Italy has seen a significant decline from 2014 to 2023, dropping from 26.0 thousand metric tons in 2014 to 14.0 thousand metric tons in 2023. This corresponds to an average yearly decrease (CAGR) of -4.9% over the last five years. Year-on-year variations show notable fluctuations, with decreases as steep as -23.81% in 2016 and minor positives, such as a 12.5% increase in 2018. Recent years from 2021 to 2023 continued this declining pattern with year-on-year drops of -6.25%, 0%, and -6.67% respectively.
For future trends, the forecast suggests a continuing decrease in demand. By 2028, it is anticipated that demand will fall to 11.0 thousand metric tons, indicating a forecasted 5-year CAGR of -3.29%. This equates to an overall drop of 15.38% from 2023 levels. Key aspects to watch for include market shifts towards healthier oil alternatives, potential regulatory changes, and evolving consumer preferences that could impact this declining trend.
