The demand for olive oil in Germany has shown a modest but consistent growth from 63.0 thousand metric tons in 2014 to 66.0 thousand metric tons in 2023. The year-on-year variations have generally been minimal, with notable exceptions like 2015 and 2017, which saw increases of 1.59% and 1.56%, respectively. Between 2019 and 2023, the CAGR maintained at approximately 0.31%. This slightly upward trend is expected to continue, with projected demand reaching 67.0 thousand metric tons by 2028, driven by a forecasted 5-year CAGR of 0.3% and a 5-year growth rate of 1.52%.
Future trends to watch for include potential shifts in consumer preferences towards healthier and premium olive oil products, as well as the impact of economic factors such as inflation and import tariffs on supply and pricing. Sustainability practices in olive oil production could also influence market dynamics and demand.
