The demand for olive oil in France has shown consistent growth from 2023 onwards. In 2023, the olive oil demand stood at 116.0 thousand metric tons. The forecasted values for the subsequent years illustrate a stable increase, with demand reaching 117.0 thousand metric tons in 2024 and 2025, and 118.0 thousand metric tons from 2026 to 2028. Year-on-year variation remains minimal, with a consistent increase of 0.85% from 2024 to 2026, followed by steady demand through 2028.
Key variations:
- 2023 to 2024: +0.86%
2024 to 2025: 0%
2025 to 2026: +0.85%
2026 to 2027: 0%
2027 to 2028: 0%
The demand for olive oil is projected to continue its positive trajectory with an average annual growth rate (CAGR) of 0.35% from 2023 to 2028.
Future trends worth noting include potential changes in consumer preferences toward healthier oils, sustainability practices impacting production, and economic factors influencing purchasing power. Monitoring these elements will be crucial for understanding the evolving market dynamics.
