In 2023, Germany imported refined olive oil and fractions valued at $36.416 million. Forecasts suggest a steady increase, reaching $37.677 million by 2028. This represents a stable yearly growth trend. From 2024 to 2028, the import value shows an annual growth rate of around 0.86% based on these figures. This consistent, modest increase reflects a stable market demand and a minor annual compounded growth over the projected five-year period.
Future trends to watch for:
- Impact of global supply chain issues on import costs.
- Consumer demand shifts towards healthier oils potentially affecting olive oil imports.
- Changes in trade policies within the EU influencing import dynamics.