Olive oil import volume in Indonesia remained stable at 3.0 thousand metric tons from 2015 to 2019, following a significant 50% rise in 2015. A dip in 2020 disrupted this stability, but the volume rebounded to 3.0 by 2021 and remained constant through 2023. From 2024 onwards, gradual growth is expected, reaching 3.24 thousand metric tons by 2028. The year-on-year growth over the past two years and Compound Annual Growth Rate (CAGR) show zero percent growth, yet forecasted data indicates a modest average annual growth of 1.08% and a total 5.52% increase over five years.
Future trends to watch for:
- Economic factors influencing consumer purchasing power.
- Shifts in dietary preferences towards healthier oils.
- Global olive oil supply chain dynamics and price fluctuations.
