Sector Statistics – January 2025 - International Olive Council

Welcome to the IOC, the only intergovernmental organisation in the world to bring together all the stakeholders involved in the production and consumption of olive oil and table olives.

Here you’ll find an overview of the latest sector statistics, including an update on olive oil prices, trends in international trade in olive oil and table olives, and producer prices for olive oil.

Follow us and visit our website to stay up to date with the latest data! Don’t hesitate to send us an e-mail if you have any questions (iooc@internationaloliveoil.org).

EVOLUTION OF OLIVE OIL AND TABLE OLIVE CONSUMPTION

For the 2024/25 crop year, global olive oil consumption is expected to recover, exceeding 3 million tonnes. Table olive consumption could also reach similar figures.

Olive Oil – Provisional 2023/24 and Estimated 2024/25 Crop Years

According to official data and estimates of the IOC’s Executive Secretariat, global olive oil consumption could reach 3,064,500 tonnes in the 2024/25 crop year, representing a 10.0% increase compared to the previous crop year (2023/24).

In the 2023/24 crop year, although data is still provisional, global consumption is estimated at 2,780,000 tonnes, reflecting a 2.6% decrease (75,000 tonnes less) compared to the previous crop year.

Table 1 – Olive oil consumption (×1000t)

Graph 1 – Distribution of global olive oil consumption 2024/25

Olive oil consumption in the European Union has experienced a downward trend in recent years. Although global consumption has nearly doubled since the 1990/91 crop year, the EU has reduced its share of total consumption, dropping from over 70% in 2004/05 to around 45% in recent crop years. This decline has been offset by increased consumption in non-IOC member countries as well as in other IOC member countries.

Graph 2 – Evolution of olive oil consumption (×1000t)

Table Olives – Provisional 2023/24 and Estimated 2024/25 Crop Years

The increase in table olive consumption has been particularly notable in major IOC member producing countries. Some countries have recorded significant increases in production and, consequently, in consumption. Notable examples include:

Egypt: from 11,000 tonnes in 1990/91 to 520,000 tonnes in 2023/24.
Algeria: from 14,000 tonnes to 285,000 tonnes over the same period.
Türkiye: from 110,000 tonnes to 350,000 tonnes.

Consumption is estimated at 2.9 million tonnes in the 2023/24 crop year and 3 million tonnes in the 2024/25 crop year.

Table 2 – Table olive consumption (×1000t)

Graph 3 – Distribution of global table olive consumption 2024/25

Graph 4 – Evolution of table olive consumption (×1000t)

PRICES

In the third week of January, the price of extra virgin olive oil at the mill was:

Jaén, Spain: €442/100 kg (-50.7% compared to the same week of the previous crop year).
Bari, Italy: €950/100 kg (-1.9%).

Graph 5 – Evolution of monthly extra virgin olive oil prices at the mill

EXPORTS AND IMPORTS

Extra-EU Olive Oil Exports

In November of the 2024/25 crop year, the unit value of extra-EU exports was:

Olive oil: €845/100 kg (+1.9% compared to the same period of the previous crop year, -4.4% compared to the previous month).
Extra virgin olive oil: €884/100 kg.

The unit value index of exports has fallen for the eighth consecutive month, with a 4.9% decrease in November compared to October.

Graph 6 – Monthly evolution of the unit value (FOB) and volume of extra-EU exports of extra virgin olive oil

Graph 7 – Monthly evolution of the unit value index of extra-EU olive oil exports

Olive Oil Imports

Olive oil imports in some of the major markets decreased by 6% between October and November 2024 compared to the same period of the previous crop year.

Table 3 – Olive oil imports from major markets (volume in tonnes)

HARMONIZED CONSUMER PRICE INDEX (EU-27)

The Harmonized Consumer Price Index for olive oil in the EU (HCPI) increased by 1.5% in December compared to the same month of the previous year, although this figure was lower than that recorded in November (-4.2%). The index has been declining since April 2024.

By country, the largest increases were observed in Bulgaria and Slovakia, while the largest declines were recorded in France and Romania.