From 2014 to 2023, the export volume of olive oil in Australia showed significant fluctuations. Starting at 4.0 thousand metric tons in 2014 and peaking to 7.0 thousand metric tons in 2015, it witnessed a massive 75% increase in that year. However, the following year, 2016, saw a steep decline of -42.86%, returning to 4.0 thousand metric tons. The export volume remained constant until 2018, where it decreased by -25%, settling at 3.0 thousand metric tons and maintained this level through to 2023.
From 2019 to 2023, the year-on-year growth rates were stable at 0%, although the compound annual growth rate (CAGR) indicated a -5.59% decline over the last five years up to 2022, improving to a flat 0% by 2023. Looking ahead, forecasts estimate the olive oil export volume to stay steady at 3.0 thousand metric tons through 2028, with a forecast growth rate and CAGR remaining at 0%.
Future trends to watch include potential changes in international demand for olive oil, global market conditions influencing trade policies, and climate impacts on olive oil production. Additionally, advancements in agricultural technology might alter supply capabilities.
