Between 2014 and 2016, Finland’s olive oil import volume remained constant at 4.0 thousand metric tons. From 2017 onward, the volume decreased to 3.0 thousand metric tons and has remained at this level up through 2023. The import volume for 2024 and the subsequent years up to 2028 is forecasted to continue at 3.0 thousand metric tons.
From 2022 to 2023, the year-on-year variation was 0%, indicating stability in the import volume. The average compound annual growth rate (CAGR) for the last two years (2022-2023) is 0%. Over the last five years, the import volumes have maintained a CAGR of 0%, demonstrating no growth or decline. The significant decrease occurred in 2017, with a 25% year-on-year reduction when the imports dropped from 4.0 to 3.0 thousand metric tons.
Future Trends to Watch For:
- Market Demand: Changes in consumer preferences and increased health awareness may influence future olive oil import volumes.
- Trade Policies: Any changes in EU trade policies or tariffs could affect olive oil imports.
- Supply Chain Developments: Improvements or disruptions in the global supply chain may impact delivery and availability.
