From 2014 to 2023, oilseeds production in Italy has exhibited fluctuations with a peak of 4.63 million metric tons in 2015. Over the last five years, production stabilized around 3.78 million metric tons with a compound annual growth rate (CAGR) of 0.8%. The year-on-year variations portray a mixed trend: -19.51% drop from 2015 to 2016, 10.2% increase from 2016 to 2017, and stabilization post-2020 averaging a 0.026% rise in 2023.
In 2023, oilseeds production stood at 3.78 million metric tons. The forecast till 2028 shows a marginal increase, maintaining the production level around 3.79 million metric tons, with a forecasted 5-year CAGR of 0.04% and an overall growth rate of 0.18%.
Future trends to watch for:
- Technological advancements in seed production and agriculture
- Changes in climate impacting crop yield
- Policy and economic factors affecting agricultural subsidies and incentives
- Global market demand and pricing shifts for oilseeds and related products.