The olive oil import volume in Vietnam stood at 1.0 Thousand Metric Tons in 2023. From 2014 to 2023, the import volume showed fluctuations, with a notable increase in 2016, followed by a return to stable values. The year-on-year variations reflect some inconsistencies, with a significant rise in 2016 and a notable drop in 2017. Notably, from 2020 onwards, the volume remained relatively stable around the 1.0 Thousand Metric Tons mark, displaying minimal annual changes. The CAGR over the last five years (2024-2019) reveals a slight annual average decline of -0.61%.
Future trends to watch for include:
- Stability in import volumes near current levels with minor year-on-year variations.
- An ongoing slight downward trend with an overall forecasted 5-year growth rate of -3.03% until 2028.
- Market dynamics such as shifts in consumer preferences, potential changes in trade policies, and emerging health trends that may influence import volumes.
