In 2023, the import of virgin olive oil to Italy stood at approximately 479 million kilograms. The forecast for 2024 indicates a decrease to 468.98 million kilograms, signaling a downward trend. The forecasted data shows a consistent decline in import volumes year-over-year through 2028, with values dropping further each year to 427.75 million kilograms. The year-on-year variation indicates a steady decline of approximately 2% annually. Analyzing these variations, we observe a compound annual growth rate (CAGR) of -2.2% over the five-year forecast period.
Future trends to watch include potential shifts in domestic production capabilities, changes in consumer preferences towards local or alternative oils, and any regulatory impacts on import policies. Monitoring these factors could provide insights into the long-term demand for imported virgin olive oil in Italy.
