The olive oil supply in Canada is forecasted to grow steadily from 2024 to 2028. Starting at 43.0 thousand metric tons in 2024 and 2025, the supply is expected to increase to 44.0 thousand metric tons in both 2026 and 2027, reaching 45.0 thousand metric tons by 2028.
Year-on-year variation:
- Between 2023 and 2024: 0%
- Between 2024 and 2025: 0%
- Between 2025 and 2026: 2.33%
- Between 2026 and 2027: 0%
- Between 2027 and 2028: 2.27%
Compound Annual Growth Rate (CAGR):
- Over the last five years: 1.14%
Future trends to watch:
Close monitoring of climatic conditions in olive-producing countries, shifts in global supply chains, and consumer preference changes in Canada will be crucial in assessing the future olive oil supply. Additionally, geopolitical factors and economic conditions may impact the import volumes and pricing in the Canadian market.
