The forecasted olive oil import volume in Canada shows a steady increase from 2024 to 2028, starting at 50.42 thousand metric tons and reaching 52.23 thousand metric tons. In 2023, actual imports were noticeably lower than the 2024 forecast, highlighting ongoing growth. Year-on-year growth rates from 2024 to 2028 are moderate, averaging around 0.85% annually, indicating consistent demand. The five-year compound annual growth rate (CAGR) underlines a stable upward trend.
Looking forward, key trends to monitor include the impact of health trends boosting olive oil demand, potential trade policy changes, and fluctuations in global olive oil supply and pricing due to climate change factors.
