In 2023, Canada's olive oil stock stood at 1.0 thousand metric tons. From 2024 to 2027, the stock levels are forecasted to remain steady at 1.0 thousand metric tons. A notable increase is projected in 2028, with stocks doubling to 2.0 thousand metric tons. This shift implies a significant year-on-year growth rate only occurring in 2028. Over the five-year period, the compound annual growth rate (CAGR) for olive oil stock levels is anticipated, with primary activity being observed in the final year.
Future trends to watch for include potential changes in consumer preferences toward healthier options, import regulations affecting supply levels, and possible impacts of climate change on olive-producing countries which could influence Canadian olive oil stocks.
