Based on the forecasted data, Italy's palm oil import volume is expected to decrease from 1.22 million metric tons in 2024 to 1.11 million metric tons in 2028. The actual import volume in 2023 stood at 1.25 million metric tons. The year-on-year percentage decrease from 2024 to 2025 is approximately 2.46%, and from 2025 to 2026 it is around 2.52%. From 2026 to 2027, the import volume declines by roughly 1.72%, followed by a decrease of approximately 2.63% from 2027 to 2028. The compound annual growth rate (CAGR) over this five-year period, thus, shows an average annual decrease.
Future trends to watch for include fluctuations in global palm oil prices, changes in dietary preferences, and stricter environmental regulations, which could further impact the import volume in Italy. Additionally, the trend towards sustainable and locally sourced alternatives may accelerate the decline.
