The import of virgin olive oil to Finland has shown a general upward trend from 2016 to 2023, with actual data indicating a volume of 2.9943 million kilograms in 2023. Significant year-on-year variations include a -16.21% decrease in 2017 and an 8.77% increase in 2020. The last two years show a moderate increase with 5.64% in 2022 and 3.88% in 2023. Over the past five years, the CAGR averages at 3.33%, indicating steady growth.
Future forecasts suggest a continued increase in imports, expected to reach 3.5374 million kilograms by 2028. The CAGR for the next five years is projected at 2.64%, with an overall growth rate of 13.92%.
Future trends to watch for:
- Changes in consumer preferences towards healthier cooking oils.
- Fluctuations in global olive oil production and prices.
- Economic conditions that could affect import volumes.
- Impact of trade policies and tariffs.
