The forecasted import of olive oil to China for the years 2024 to 2028 shows a steady increase in value. In 2023, the import stood at 211.21 million USD. For 2024, the value is forecasted to be 218.04 million USD, reflecting a year-on-year increase of 3.23%. This trend continues with 224.97 million USD in 2025 (an increase of 3.18%), 231.76 million USD in 2026 (an increase of 3.02%), 238.42 million USD in 2027 (an increase of 2.87%), and 244.95 million USD in 2028 (an increase of 2.73%). Over the five-year period from 2024 to 2028, the Compound Annual Growth Rate (CAGR) is approximately 2.75%.
Future trends to watch for include potential changes in consumer preferences towards healthier oil options, which could drive higher demand. Additionally, trade policies, tariffs, and the stability of supply chains could significantly impact import volumes and values. Observing the economic growth and purchasing power of Chinese consumers will also be critical in predicting future olive oil import trends.
