The forecast for olive oil imports in China shows a steadiness from 2024 to 2028, with values remaining at 35.0 thousand metric tons in 2024, increasing marginally to 36.0 thousand metric tons from 2025 to 2027, and reaching 37.0 thousand metric tons in 2028. In previous years, specifically 2023, the actual import value stood at 34.0 thousand metric tons, indicating a small but consistent upward trend.
Year-on-year variations are minor, with increases of approximately 2.86% from 2023 to 2024 and a stable 2.78% from 2024 to 2025. Thereafter, the volume remains constant until a slight 2.78% rise in 2028. Over the last two years, this suggests a steady but slow upward progression. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 reflects an average annual increase of around 1.69%.
Future trends to watch for include potential changes in consumer preference towards healthier cooking oil options, along with China's evolving dietary habits and the influence of global olive oil market prices. Additionally, monitoring trade policies and tariffs will be crucial, as these can significantly impact import volumes. Economic conditions and collaborations with olive oil producing countries could also play a key role in shaping future import trends.
