The import of olive oil to France is projected to grow steadily over the coming years. In 2023, the imports stood at an estimated 648 million US dollars. The forecasted figures from 2024 to 2028 show a consistent annual increase:
- 2025: 676.72 million USD
- 2026: 690.71 million USD
- 2027: 704.43 million USD
- 2028: 717.87 million USD
This indicates a positive growth trend with an expected year-on-year increase. The compound annual growth rate (CAGR) from 2024 to 2028 is projected to be around 2.0%, suggesting a stable rise in imports. This trend underscores France's increasing demand for olive oil as a consistent part of consumer habits.
Future trends to watch include the impact of international trade policies on import costs, potential shifts in consumer preferences towards locally-sourced products, and the effects of climate change on olive oil production in exporting countries. An eye on geopolitical developments, and potential trade barriers, will be crucial in anticipating changes in the olive oil market dynamics in France.
