The olive oil export volume in Oceania has displayed significant annual variations since 2014. A peak of 7.0 thousand metric tons was reached in 2015, marking a year-on-year increase of 75%, followed by a considerable drop of 42.86% in 2016. From 2017 onwards, the volume demonstrated stability with a consistent 3.0 thousand metric tons from 2021 to 2023, showing no year-on-year change during these years. Over the last five years, the compound annual growth rate (CAGR) is 0%, reflecting stable but stagnant exports.
Future trends are forecasted to show a continued decline in export volume, projected to reach 2.54 thousand metric tons by 2028. The 5-year CAGR from 2023 to 2028 is expected to be -2.42%, indicating a steady reduction of 11.54% in total export volume over this period. Observing this trend will be essential to understand market shifts and potential impacts on the olive oil industry in Oceania.
Key trends to watch for include:
- Fluctuations in global olive oil demand.
- Changes in local agricultural practices and production capacity.
- Economic factors influencing export dynamics.
