Key Market Indicators
Demand for olive oil in the Philippines is projected to reach 4.8 thousand metric tons by 2026. This marks a growth of 2.7% each year between 2021 and 2026, beginning at 4 thousand metric tons in 2021. Since 2017, Filipino consumption of the oil has remained unchanged. In 2021, the Philippines was ranked 44th in the world in terms of olive oil consumption. Colombia was just ahead of the Philippines, with 4 thousand metric tons, while Spain, the United States, and Greece were the top three consumers, in that order.
