Key regions: Germany, Spain, Italy, Brazil, United States
Italy, known for its rich culinary culture, has a thriving Oil Crops market that caters to the needs of its food industry.
Customer preferences: The Italian market for Oil Crops is driven by the demand for high-quality olive oil, which is a staple in Italian cuisine. The preference for extra virgin olive oil, which is produced from the first cold press of olives, is particularly strong in Italy. Additionally, there is an increasing demand for other oil crops such as sunflower, soybean, and rapeseed oil, which are used in various food preparations.
Trends in the market: The Oil Crops market in Italy has been steadily growing over the years, owing to the increasing demand for high-quality olive oil. With the growing health consciousness among consumers, there is a shift towards healthier oil options such as olive oil, which is considered to be a healthier alternative to other cooking oils. Additionally, there is an increasing demand for organic and locally produced oil crops, which is driving the growth of the market.
Local special circumstances: Italy is one of the largest producers of olive oil in the world, with a significant portion of its agricultural land dedicated to olive groves. The country has a long history of olive oil production, with some olive trees dating back to the Roman era. The unique climate and soil conditions in Italy make it an ideal location for the cultivation of olive trees, which has led to the development of a thriving olive oil industry.
Underlying macroeconomic factors: The Oil Crops market in Italy is influenced by various macroeconomic factors such as changes in consumer preferences, government policies, and global economic conditions. The increasing demand for high-quality and organic oil crops is driving the growth of the market, while government policies aimed at promoting the production of locally grown crops are also supporting the industry. Additionally, the global economic conditions such as changes in exchange rates and trade policies can impact the export of Italian olive oil to other countries.
Data coverage:
The data encompasses B2B. Figures are based on the value of gross production in the agriculture market, which values of production are calculated by multiplying gross production by output prices at the farm gate.Modeling approach:
Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use resources from the Statista platform as well as annual financial reports of the market-leading companies and industry associations, third-party studies and reports, national statistical offices, international institutions, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting agriculture products due to the non-linear growth of this market, especially because of the direct impact of climate change on the market.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
