The Refined Olive Oil market in Spain has experienced several fluctuations over the last decade. The market volume peaked at 249.2 million kilograms in 2013 and has since exhibited a general decline, reflecting a compound annual growth rate (CAGR) of -1.53% from 2012 to 2022. The year-on-year variations reveal a mix of growth and contraction, with the most significant drop of -10.41% occurring in 2012 and a peak growth of 9.39% in 2013. The last two years saw volume decreases of -2.53% in 2021 and -2% in 2022, indicating a continued downward trend.
Future trends to watch for include shifts in consumer preferences toward healthier and more sustainably sourced oils, potential impacts of climate change on olive production, and economic factors influencing the purchasing power and consumption patterns in Spain.
