The import of olive oil to the Philippines was valued at 11.602 Million US Dollars in 2023. Forecasted data shows a steady increase, with the value expected to reach 12.042 Million US Dollars in 2025 and 13.311 Million US Dollars by 2028. Year-on-year variations indicate the following percentage increases: 3.80% from 2024 to 2025, 3.59% from 2025 to 2026, 3.38% from 2026 to 2027, and 3.21% from 2027 to 2028. Over the last two years, the average year-on-year percentage increase is approximately 3.59%. The CAGR over the last five years is forecasted at 3.50%.
Future trends to watch for include potential shifts in consumer preferences, changes in import tariffs, advancements in olive oil production technologies, and broader economic factors affecting disposable income. These factors may significantly impact the trajectory of olive oil imports into the Philippines moving forward.
