The import of virgin olive oil to Indonesia stood at approximately 2.80 million kilograms in 2023. For the forecasted period from 2024 to 2028, steady growth is observed with volume increasing from 2.8957 million kilograms in 2024 to 3.3387 million kilograms in 2028. This represents a year-on-year growth of approximately 4-5% annually. The Compound Annual Growth Rate (CAGR) for the period from 2024 to 2028 is around 3.6%.
Future trends to watch for include the expansion of the middle class in Indonesia, which is likely to drive increased demand for healthy and premium food products such as virgin olive oil. Additionally, global price fluctuations and trade regulations will also impact import volumes and could present challenges or opportunities for market growth.
