In 2023, Chile's olive oil imports were at 3.0 thousand metric tons. The forecast for the years 2024 to 2028 remains steady at 3.0 thousand metric tons annually. This represents a zero percent year-on-year variation from 2023 to 2024, and a consistent trend with no expected volume changes up to 2028. The Compound Annual Growth Rate (CAGR) over the forecasted period is zero percent, indicating no growth or decline in olive oil imports over these five years.
Future trends to watch for include potential shifts in domestic olive oil production which could affect import dependence, changes in consumer preferences towards locally produced olive oil, and any trade policy adjustments that could influence import volume. Additionally, global olive oil prices and supply chain developments could also impact future import levels.
