The import of non-crude non-virgin olive oil to Germany is forecasted to grow steadily from 3.3821 million kilograms in 2024 to 3.9194 million kilograms in 2028. This indicates a compounded annual growth rate over this period. As of the end of 2023, import levels were recorded just below these forecasted starting figures. The year-on-year growth from 2024 to 2028 suggests a healthy demand, reflecting a significant market expectation.
Dynamics to watch in the future include:
- Potential shifts in Germany's dietary preferences towards healthier oils might drive import growth.
- Supply chain adjustments post-pandemic could impact import volumes and market stability.
- Currency fluctuations and trade policy changes in the EU could influence import economics.
