In 2023, the per capita olive oil consumption in Spain stood at 5.50 kilograms. Forecasted data indicate a slight decline in the consumption from 2024 to 2028. Specifically, we see the values moving from 5.45 kg in 2024 to 5.41 kg in 2028.
The year-on-year variation shows a consistent but marginal decrease over the forecasted period. From 2024 to 2025, the per capita consumption decreases by approximately 0.37%, and from 2025 to 2026, it falls by around 0.18%. This declining trend is consistent through to 2028, showing minimal year-on-year drops.
Over the last two years, the average annual variation is almost negligible. In terms of Compound Annual Growth Rate (CAGR) from 2024 to 2028, the consumption decreases at an average rate of roughly 0.19% per year.
Future trends to watch for include potential shifts in consumer preferences towards healthier oils, economic factors affecting consumer spending power, and global olive oil production yields, which can impact supply and prices locally.