The import of virgin olive oil to Canada has shown considerable variability from 2013 to 2023. With a notable peak in 2018 reaching $189.65 million, there has been a fluctuating trend since. By 2023, the import value was $175.61 million, reflecting a modest increase of 2.27% year-on-year. The five-year CAGR leading to 2023 displayed a slight decline of -1.53%, indicating periods of both growth and contraction.

Looking ahead, the forecast through 2028 suggests a gradual upward trend, with expected imports reaching $194.17 million. The forecasted five-year CAGR is 1.56%, suggesting steady, if modest, growth.

Future trends to watch for include:

Changes in consumer preferences towards premium olive oils.
Impact of global olive oil production fluctuations on import prices.
Potential trade policy changes affecting import regulations and tariffs.
Sustainability trends influencing the sourcing and popularity of virgin olive oil.