The refined olive oil market in Spain has shown a consistent decline in volume per capita from 2012 to 2022. Between 2012 and 2022, the consumption decreased from 4.87 kg to 3.95 kg per capita. The year-on-year variations over the last two years showed a decrease of 2.1% from 2020 to 2021, and 2% from 2021 to 2022. The compound annual growth rate (CAGR) over the last five years was approximately -2.1%, indicating a steady decline. As of 2023, the market is anticipated to be at a similar downward trajectory, reflecting ongoing trends from previous years.
Future trends to watch for include factors such as changes in consumer preferences towards healthier alternatives, potential economic impacts affecting purchasing power, and any cultural shifts in dietary habits that could influence refined olive oil consumption in Spain. Sustainability trends and innovations in olive oil production and marketing strategies might also affect future consumption patterns.
