The Olive Oil Market in Brazil exhibited fluctuations over the past decade with notable peaks and troughs. From a peak of 80 thousand metric tons in 2018, the market saw a sharp decline to 61.42 in 2020, followed by a recovery to a steady 75 in thousand metric tons from 2021 through 2023.
The market size in 2023 stood at 75 thousand metric tons. The last produced CAGR over five years was -1.28%, indicating a slight market contraction. Forecasts predict a modest growth, with a 5-year CAGR of 0.38% expected, resulting in an increase to 77 thousand metric tons by 2028.
Future trends to watch for include:
- Possible market stabilization and steady growth due to economic recovery and increasing health consciousness among consumers.
- Impact of local production capacities and import policies on the market dynamics.
- Influence of global olive oil supply chain fluctuations on Brazilian market trends.
