The import of virgin olive oil to Norway is showing a steady increase from 2024 to 2028. In 2023, the import value stood at 13.995 million USD. Forecasted values indicate a year-on-year growth rate of approximately 2.3% from 2024 to 2025, 2.2% from 2025 to 2026, 2.1% from 2026 to 2027, and about 2% from 2027 to 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is projected to be around 2.16%, reflecting a consistent upward trend.
Future trends to watch for include potential shifts in consumer preferences towards healthier cooking oils and the impact of economic policies or trade agreements which could influence the import dynamics. Additionally, fluctuations in global olive oil production and prices will be crucial factors affecting Norway's import patterns.
