In 2023, the import of animal and vegetable fats and oils and their cleavage products to Italy stood at an actual value lower than the forecasted figures for 2024 and beyond. A steady increase is projected in the following years, with a forecasted value of $5.1756 billion in 2024, growing to $5.4605 billion by 2028. This indicates a gradual year-on-year growth, driven by a consistent rise in demand. The average annual growth rate (CAGR) over this forecast period shows robust stability in the sector.
Future trends to watch for include:
- The impact of global economic shifts on pricing and supply chain.
- Potential changes in dietary and consumption patterns in Italy.
- Technological advancements in extraction and processing of these products.
- Policy and regulatory changes affecting imports and trade agreements.
