The demand for olives in Argentina stood at 276.0 thousand metric tons in 2023. Over the past decade, the olive market has experienced significant fluctuations. Notable peaks were observed in 2017 with a 53.85% increase over 2016, and significant declines in 2016 (-15.33%) and 2018 (-26.47%). The market exhibited smaller but steady growth over the last two years: 0.73% in 2022 and 0.36% in 2023. The CAGR from 2019 to 2023 averaged 2%. Projections for the 2024-2028 period suggest a stable increase with a forecasted average annual growth rate (CAGR) of 0.41%, culminating in an estimated 283.3 thousand metric tons in 2028.
Future trends to watch include potential influences from global olive production dynamics, local climatic conditions affecting yield, and consumer trends such as a shift towards organic and sustainably sourced produce. Economic factors and trade policies within Argentina and its trading partners may also impact demand and supply dynamics.
