In 2023, Norway's olive oil import volume stood at 4.00 thousand metric tons. Forecasts for the coming years indicate a slight yet consistent decrease: 3.99 thousand metric tons in 2024, 3.98 in 2025, 3.97 in both 2026 and 2027, and 3.96 in 2028. The year-on-year variation for 2024 is -0.25%, for 2025 is -0.25%, for 2026 is -0.25%, for 2027 is -0.00%, and for 2028 is -0.25%. The compound annual growth rate (CAGR) from 2023 to 2028 is -0.20% per year, reflecting a marginally declining trend in olive oil imports.
Despite the modest decline, future trends to watch include shifts in consumer preferences towards healthier oils, potential changes in trade policies, and any disruptions in the global olive oil supply chain that could impact import volumes. Monitoring these factors will be essential for accurate forecasting and strategic planning.
