In 2023, the sold production of maize oil in Italy was recorded at 60.765 million kilograms. Forecasts predict a consistent decline in production from 2024 to 2028, as figures drop from 59.852 to 56.199 million kilograms. This indicates a year-on-year decrease of around 1.55% .
Looking further back, the compound annual growth rate (CAGR) over five years implies an average yearly decline of approximately 1.56%. It is evident that the production of maize oil is experiencing a gradual downward trend.
Future Trends to Watch:
-Monitor the impact of climate change and regulatory factors on maize crop yields, as these may further affect production volumes.
-Increasing consumer preference for alternative oils due to health trends may continue to pressure maize oil demand in the long run.
