The demand for olive oil in China has demonstrated fluctuations over the past decade. Starting at 52.0 thousand metric tons in 2014, it experienced notable changes, with a significant dip in 2015 by 7.69% and a peak in 2016 with a 14.58% increase. The annual consumption remained relatively stable from 2018 onwards, settling at 51.0 thousand metric tons by 2023. Over the last two years, the year-on-year variation has remained at 0%, and the five-year CAGR is also at 0%.
Forecast data from 2024 through 2028 indicate a slight declining trend, with the demand gradually decreasing to 50.67 thousand metric tons by 2028. The forecasted five-year CAGR is -0.09%, reflecting a minimal but consistent decrease in demand.
Future trends to watch for include potential shifts in consumer preferences towards healthier oils, emerging market opportunities within China’s aging population, and the impact of international trade dynamics on olive oil availability and pricing.
