The olives market in Argentina has shown moderate fluctuations over the past decade. In 2023, the market size stood at 49.0 thousand metric tons. The market experienced a significant drop in 2017 but rebounded in subsequent years. From 2019 to 2021, the market saw a mix of decline and growth, with a notable 7.46% increase in 2021. In 2023, the market stabilized with no year-on-year change.
Looking ahead, the forecasted data from 2024 to 2028 suggests a steady growth trajectory with a compound annual growth rate (CAGR) of 0.41% and an overall growth rate of 2.06% over the next five years. The market is expected to reach 50.38 thousand metric tons by 2028, indicating continued, albeit slow, market expansion.
Future trends to watch for include:
- Potential impacts of climate change on olive production.
- Shifts in consumer preferences towards organic and sustainably sourced olives.
- Technological advancements in agriculture that may improve yield and quality.
- Economic factors that could influence domestic consumption and export potential.
