Key Market Indicators
Chinese olive oil consumption is forecast to reach 45.9 thousand metric tons by 2026, down slightly from 46 thousand metric tons in 2021. Since 2017, demand for olive oil in China has fallen by 0.7% annually. In 2021, Australia overtook China in olive oil consumption, reaching 46 thousand metric tons. Spain, the US and Greece were the top three consumers in 2021, respectively.
