Forecasts for Italy's import of essential oils of orange from 2024 to 2028 display a steady upward trend. From 2024's predicted 778.89 thousand kilograms to 2028's 822.94 thousand kilograms, the average year-over-year growth is approximately 1.4%. In 2023, the imports stood at around 768.4 thousand kilograms. The compound annual growth rate (CAGR) over the five-year forecast period indicates a consistent annual increase of about 1.4%.
Trends to monitor include:
- Potential fluctuations in global orange production affecting supply.
- Changes in consumer preferences towards natural ingredients in Italy.
- Regulatory shifts impacting trade and import policies.
- Developments in alternative essential oils and their competitive impact.
