The olive oil market volume in China stood at 46.0 thousand metric tons in 2023. The market has experienced fluctuating trends from 2014 to 2023, with significant year-on-year variations, such as a -12.5% decline in 2015 followed by an 11.9% increase in 2016. Over the last two years, the volume has remained stable with no year-on-year change. The compound annual growth rate (CAGR) over the past five years is -0.43%, indicating a slight decline overall.
The forecast for the olive oil market volume from 2024 to 2028 suggests a gradual decrease, with a CAGR of -0.14% and an overall forecasted 5-year growth rate of -0.72%.
Future trends to watch for include:
- Changes in consumer preferences towards healthier oils.- Shifts in import-export policies affecting olive oil supply.- Innovations in olive oil production and marketing within China.
