Germany's import of virgin olive oil has shown steady growth from 2013 to 2023, with values increasing from $272.2 million to $348.65 million. The year-on-year variation from 2022 to 2023 was 2.16%, reflecting a gradual upward trend, while the five-year CAGR up to 2023 was 2.27%. Forecasts indicate continued growth, with imports projected to reach $383.29 million by 2028, albeit at a slower five-year CAGR of 1.5%.
Future trends to watch for include:
- Potential changes in trade regulations and tariffs between Germany and olive oil-exporting countries.
- Shifts in consumer preferences towards healthier and organic olive oils.
- Economic factors affecting disposable incomes and spending behavior in Germany.
- Technological improvements in olive oil production and supply chain efficiencies.