Over the period from 2014 to 2023, Argentina's olive oil export volume exhibited significant variation. In 2014, the export volume stood at 12.0 thousand metric tons and increased to 28.0 thousand metric tons by 2023, reflecting a compound annual growth rate (CAGR) of 6.96%. Notable fluctuations occurred in years such as 2015 (158.33% increase) and 2017 (131.25% increase), contrasted by declines in 2016 (-48.39%) and 2018 (-45.95%). Recent trends show steadier growth with a year-on-year increase of 3.7% in 2023.
Projected data from 2024 onwards indicates a more modest growth trajectory with an estimated CAGR of 2.03% and an overall forecasted growth rate of 10.56% over the next five years, reaching 31.73 thousand metric tons by 2028.
Future trends to watch for include global demand shifts driven by changes in dietary preferences, potential impacts of climate change on olive oil production, and the evolution of international trade policies affecting exports.
