The olive oil market in Greece has experienced significant fluctuations over the past decade. The market size in 2023 stood at 157.17 million euros, marking a positive change with a 3.75% year-on-year growth. Despite some declines, the five-year compound annual growth rate (CAGR) has maintained a modest 0.55%. The market saw highs in 2018 and a notable reduction in the mid-2010s before stabilizing in recent years.
Looking forward, key trends to watch include:
- Sustainability initiatives impacting production practices.
- Consumer preferences for quality-certified and organic products.
- Potential impacts of climate change on olive yields.
