In 2023, olive oil production in North America was recorded at 20.12 thousand metric tons. The forecasted data from 2024 to 2028 shows a consistent year-on-year increase: 20.53 in 2024, 20.94 in 2025, 21.34 in 2026, 21.72 in 2027, and 22.11 in 2028 thousand metric tons. This represents a steady growth trajectory with an average annual growth rate (CAGR) of approximately 1.91% over these five years.
Key percentage changes indicate the following year-on-year variations:
- 2024: 20.53 thousand metric tons from 20.12 thousand metric tons in 2023, a 2.03% increase.
- 2025: 20.94 thousand metric tons from 20.53 thousand metric tons in 2024, a 2.01% increase.
- 2026: 21.34 thousand metric tons from 20.94 thousand metric tons in 2025, a 1.91% increase.
- 2027: 21.72 thousand metric tons from 21.34 thousand metric tons in 2026, a 1.78% increase.
- 2028: 22.11 thousand metric tons from 21.72 thousand metric tons in 2027, a 1.79% increase.
Future trends to watch for include advancements in agricultural practices, climate change impact, and evolving consumer preferences toward healthier oils. These factors could influence both the production capacities and market demand for olive oil in North America.
