The U.S. import of virgin olive oil forecast for 2024 to 2028 shows a steady increase in volume from 286.69 million kilograms in 2024 to 311.0 million kilograms in 2028. In 2023, the volume stood at approximately 280.5 million kilograms. The year-on-year growth from 2024 to 2028 averages around 2%, with a compound annual growth rate (CAGR) over these five years of approximately 2.08%. This indicates a consistent positive trend in the demand for this product.
Future trends to watch for include:
- Shifts in consumer preferences towards healthier cooking oils.
- Impact of global olive oil production and climate change on supply.
- Potential trade agreements affecting import regulations and tariffs.
- Increased interest in premium and organic olive oil varieties.
