The olive oil market in Sweden has shown significant growth from 2013 to 2023, increasing from 813.0 thousand kilograms to 1860.7 thousand kilograms. The market saw fluctuations, such as the 35.91% spike in 2016 and a 4.17% decline in 2017. However, the overall trend has been positive, with a CAGR of 8.6% over the last five years up to 2023.
Recent annual growth rates have stabilized, with a 5.84% increase in 2023. Looking forward, the market is projected to grow steadily, reaching 2359.2 thousand kilograms by 2028, with a forecasted five-year CAGR of 3.75%.
Future trends to watch for include potential impacts of changing consumer preferences towards health-conscious products, advancements in distribution channels, and any possible variations in global olive oil production affecting Swedish imports.
