The forecast for olive oil imports into the US shows a steady increase from 2024 to 2028. In 2023, the actual olive oil imports stood at 398.0 thousand metric tons. The forecasted figures indicate a consistent yearly growth, with a year-on-year percentage increase observed over the previous years: 2% each year from 2023 to 2024, 2024 to 2025, 2025 to 2026, 2026 to 2027, and 2027 to 2028. The compound annual growth rate (CAGR) over the forecasted five-year period is around 2%.

Future trends to watch for:

Potential changes in global olive oil production that may impact supply and pricing.
Shifts in consumer preferences towards healthier oils, potentially increasing olive oil demand.
Regulatory changes affecting import tariffs or trade agreements that could impact the import volumes.