The forecast for the import of refined olive oil and fractions to Brazil suggests a declining trend from 2024 to 2028. In 2023, the actual import volume stood at approximately 6.5 million kilograms. From 2024 onwards, the import volume is expected to decrease annually, with a notable decline from 6.0428 million kilograms in 2024 to 4.1949 million kilograms by 2028.

The year-on-year percentage decreases reflect a consistent negative trend, illustrating a reduction in import demand. The average compound annual growth rate over this five-year period indicates a steady decline in imports.

Future Trends to Watch:

Changes in consumer preferences and increased local production could impact the declining trend.
Fluctuations in global olive oil prices and trade policies may further influence import volumes.
Monitoring of economic conditions and currency exchange rates, as they could affect the cost of imports.