The import of olive oil to Argentina has shown significant fluctuations over the years. In 2023, imports stood at USD 5,737.9 thousand, which represented a year-on-year increase of 4.8%. The compound annual growth rate (CAGR) over the last two years is around 4.98%, showing a trend of moderate recovery after the substantial declines in 2019 and 2020. Over the last five years, the CAGR is slightly negative at -0.77%, indicating overall volatility but hinting at a stabilizing trend. Future forecasts predict steady growth, with a 3.37% CAGR and an 18.01% overall growth rate expected by 2028.

Future trends to watch for include:

Economic stability in Argentina, which will influence purchasing power and import capabilities.
Global olive oil market fluctuations, particularly from major exporters.
Shifts in consumer preferences towards health and premium products.