In the Greek olive oil market, the value per capita increased from 9.91 Euros in 2013 to 15.93 Euros in 2023. This indicates a positive growth trend over the years. The year-on-year growth for the last two years was 4.55% from 2021 to 2022, and 4.39% from 2022 to 2023. The compound annual growth rate (CAGR) over the five-year period from 2019 to 2023 was 2.06%, illustrating consistent market expansion.
Future trends to watch for include:
- Potential impacts of climate change on olive oil production.
- Shifts in consumer preferences towards organic and sustainably sourced products.
- Technological advancements in farming and production improving efficiency.
- Fluctuations in global oil markets affecting pricing and demand.