In 2023, Italy's import of crude palm oil stood at 655 million kilograms. The forecasted growth reveals a consistent upward trend, with year-on-year increments projected from 2024 to 2028. Specifically, the import volume is anticipated to increase from 658.68 million kilograms in 2024 to 677.47 million kilograms by 2028. This reflects an average annual growth rate (CAGR) of approximately 0.71% over the five-year span.
Future trends to watch for:
- Potential impact of environmental policies on palm oil imports.
- Shifts in consumer preferences towards sustainable and alternative oils.
- Global price fluctuations and supply chain dynamics.
