In 2023, virgin olive oil production in Africa stood at 642.01 thousand metric tons. Over the last two years, production has seen modest increases, with year-on-year growth rates of 2.95% in 2022 and 2.81% in 2023. The compound annual growth rate (CAGR) over the past five years has been 1.52%, indicating steady but slow growth.

For the future, forecasts suggest a continuous increase in production, with an expected 5-year CAGR of 2.1% from 2024 to 2028. By 2028, production is projected to reach 733.64 thousand metric tons, representing an overall growth rate of 10.94% over this period.

Future trends to watch for include:

The adoption of advanced agricultural practices and sustainable farming techniques.
Potential impacts of climate change on olive-growing regions.
Market demand fluctuations driven by both regional and global economic conditions.
Government policies and incentives aimed at boosting agricultural output.