The import of palm kernel and babassu oil, fractions simply refined to Italy, is projected to constantly increase from 22.942 million kilograms in 2024 to 26.121 million kilograms in 2028. In 2023, imports stood at 22.3 million kilograms, marking a steady upward trend. Year-on-year growth estimates highlight a consistent increase of approximately 3.5% annually, with a compound annual growth rate (CAGR) of approximately 3.3% across the forecast period.
Future trends to watch for:
- Potential market fluctuations due to changes in global palm oil production and trade policies.
- Impacts of environmental regulations and sustainability practices on the supply chain.
- Development of alternative oil sources and evolving consumer preferences impacting demand.
