Between 2014 and 2023, the olive oil import volume in Germany exhibited minor fluctuations, standing at 69.0 thousand metric tons in 2023. The year-on-year variation shows minimal shifts, with notable declines in 2017 and 2020 but generally remaining stable since 2019. The Compound Annual Growth Rate (CAGR) over the last five years is -0.29%, indicating a slight downward trend.
Looking forward, the forecasted data from 2024 to 2028 suggest a stable yet slightly contracting trend, with the volume anticipated to remain steady at 69.0 thousand metric tons through 2025, then declining marginally to 68.0 thousand metric tons by 2028. The forecasted CAGR remains consistent at -0.29%, with an overall five-year decline rate of -1.45%.
Future trends to watch include the potential impact of climate change on olive oil production, shifts in consumer preferences towards sustainable and locally produced oils, and economic factors such as import tariffs and trade policies that could influence Germany’s olive oil import volume.
