The export volume of olive oil from Canada is forecasted to steadily increase from 2024 to 2028, starting at 1.07 thousand metric tons in 2024 and reaching 1.24 thousand metric tons in 2028. This represents a compound annual growth rate (CAGR) of approximately 3.78% over the forecasted period. From 2023, the growth reflects a consistent upward trend with a year-on-year volume increase averaging around 3.17% annually. This consistent growth suggests strong and growing international demand or improved competitiveness in the olive oil market.

Future trends to watch for:

Consumer preferences towards healthier oils could sustain demand growth.
Trade policies affecting North American markets might impact export volumes.
Emerging market dynamics, particularly in Asia, might present new opportunities.
Technological advancements in production and supply chain efficiencies could alter cost structures and competitiveness.