The import of virgin olive oil to the US is steadily increasing, with forecasts showing a rise from $1.4446 billion in 2024 to $1.6055 billion by 2028. In 2023, the import value was recorded at approximately $1.412 billion. This indicates a consistent year-on-year growth, with an average increase of around 2.7% annually over the five-year forecast period.
Future trends to consider are:
- Potential impact of international trade policies and tariffs.
- Changes in consumer preferences towards healthier food options.
- The influence of global olive oil production and climatic changes on supply and pricing.
