In 2023, the supply of fresh olives in Canada stood at 160.0 Metric Tons. The forecast from 2024 to 2028 shows a consistent year-on-year decline, with values projected at 150.0, 140.0, 130.0, 120.0, and 120.0 Metric Tons respectively. The overall trend indicates a shrinking supply, with a notable CAGR of approximately -5.3% over the five-year period.
Variations:
- 2024: -6.3%
- 2025: -6.7%
- 2026: -7.1%
- 2027: -7.7%
- 2028: 0%
Future trends to watch for:
It will be essential to monitor factors influencing olive supply, such as climatic changes, agricultural policies, and import regulations. The stabilization of supply at 120 Metric Tons in 2028 might suggest market adjustments or new production efficiencies coming into play.
