The demand for olive oil in Brazil has shown fluctuations over the past decade. In 2023, the demand stood at 75.0 thousand metric tons. Notable declines were seen in 2015 and 2020, with year-on-year decreases of -21.62% and -17%, respectively. Despite these fluctuations, periods of recovery such as 2018 (33.33% increase) and 2021 (22.11% increase) were observed. Over the last five years, the compound annual growth rate (CAGR) has averaged -1.28%, indicating a slight overall decline. Forecasted data from 2024 to 2028 suggest a modest growth with a 0.38% CAGR, foreseeing an increase to 77.0 thousand metric tons by 2028.
Future trends to watch for:
- Potential changes in consumer behavior and health awareness favoring olive oil.
- Economic fluctuations and their impact on imported goods like olive oil.
- Supply chain disruptions that could affect availability and pricing.
- Government policies and trade agreements influencing import tariffs.
