The olive oil market in the Netherlands has shown varied trends in the past decade. From 2013 to 2023, the market saw initial rapid growth, peaking in 2015, followed by a period of gradual decline until 2020. A recovery phase began in 2021, leading to a value standing of 9.1614 million kilograms in 2023. Over the last two years, 2022 and 2023, there was a consistent upward trend with a year-on-year increase of 3.4% and 3.25% respectively. The CAGR over the last five years has been approximately 0.14%, indicating modest average annual growth.
Looking forward, the forecast for the olive oil market from 2024 to 2028 indicates steady growth. With a forecasted 5-year compound annual growth rate (CAGR) of 2.26%, the market is expected to grow by around 11.8% over this period. Future trends to watch for include potential impacts of health trends boosting olive oil consumption and supply chain improvements that could influence market dynamics.
