The Olive Oil Market Size in Mexico has shown fluctuations from 2014 to 2023, with a significant increase in 2018 by 21.43% to 17.0 thousand metric tons, following a consistent period of stability at 14.0 thousand metric tons for several years. There was a slight decline in 2019 and 2020 by 5.88% and 11.81%, respectively. However, the market rebounded in 2021 with a substantial 20.48% increase, maintaining a stable value of 17.0 thousand metric tons through 2023. The Compound Annual Growth Rate (CAGR) over the last five years (2018-2023) stood at 3.96%.
Future forecasts indicate a gradual upward trend in the market size from 2024 to 2028, with an expected CAGR of 0.91% and a cumulative growth rate of 4.63%. The projection for 2028 is 18.08 thousand metric tons, suggesting continued, albeit modest, growth.
Future trends to watch for include:
- Expansion of the healthy eating movement, potentially increasing olive oil demand.
- Changes in import policies and tariffs that might affect market dynamics.
- Advancements in olive oil production technology improving efficiency and output.
