The import value of olive oil to South Africa in 2023 stood at 26.845 million USD. The forecasted data suggests a steady year-on-year growth in the coming years: 2024 is expected to see a 2.32% increase, followed by a 2.31% rise in 2025, a 2.22% rise in 2026, and a 2.13% increase in 2027. By 2028, the import value is projected to reach 29.933 million USD, indicating a CAGR of approximately 2.21% over the five-year period from 2024 to 2028.
Key future trends to watch for include shifts in consumer preferences towards healthier oil options, potential changes in international trade policies affecting import tariffs, and fluctuations in global olive oil production due to climate change. These factors could significantly influence South Africa's olive oil import volumes and values in the coming years.
