From 2013 to 2023, the importation of refined olive oil to Finland experienced significant variability. Starting at 1.1209 million kilograms in 2013, there was a notable decline until 2020, hitting a low of 0.36995 million kilograms, followed by a moderate recovery reaching 0.45341 million kilograms in 2023. The CAGR from 2018 to 2023 was minimal at 0.33%, indicating a period of stabilization.
- The sharp reduction between 2013 and 2020 signaled changing market dynamics, with year-on-year decreases often exceeding 10%. The rebound seen after 2020 suggests market recovery.- The forecast indicates a steady increase from 2024 onwards, with the volume expected to reach 0.52273 million kilograms by 2028, displaying a modest 5-year CAGR of 2.26%.
Future trends to watch for include potential market stabilization, increasing consumer preferences for olive oil, and possible shifts due to global economic conditions and trade policies. Continuous monitoring will be crucial to understand emerging patterns and the underlying factors driving them.
