In 2023, Argentina's domestic consumption of olive oil stood at 8.0 thousand metric tons. Forecasts for the next five years indicate a slight growth, reaching 9.0 thousand metric tons by 2025 and maintaining a steady level through 2028. The year-on-year variation from 2023 to 2024 shows a 12.5% increase. The compound annual growth rate (CAGR) for the period from 2024 to 2028 is approximately 2.4%.
Future trends to watch for:
- Possible shifts in consumer preferences towards healthier cooking oils.- Potential impacts of economic factors on olive oil affordability and consumption.- Innovations in olive oil production and variations in import-export dynamics.- Changes in agricultural policies and climate conditions affecting local olive oil production.
