As of 2024, France is projected to import 5.046 million kilograms of refined olive oil, marking the beginning of a gradual decline forecasted through 2028. The import demand reduces by approximately 3.55% year-on-year, with 2028 projections at 4.3411 million kilograms. This consistent decrease represents a compound annual growth rate (CAGR) of about -3.72% over five years.
Future trends to watch for include:
- Shifts in consumer preferences towards locally produced or alternative oils.
- Potential impacts of geopolitical factors or trade agreements on import volumes.
- The effect of environmental and sustainability issues on olive oil production.