In 2023, China's imports of refined olive oil and fractions were valued at approximately 34 million USD. Forecast data indicates a steady year-on-year increase of 4.4% from 2024 to 2028, with figures rising from 35.283 million USD in 2024 to 41.287 million USD in 2028. This results in a compound annual growth rate (CAGR) of 4.04% over the five-year period, suggesting robust and consistent growth in demand.
Future trends to watch for:
- Expanding middle class and urbanization in China, driving demand for healthier oils.
- Market adaption to quality and authenticity concerns in olive oil imports.
- Potential impact of trade policies and tariffs on import levels and pricing.
