Olive oil: the EU expects trade to grow until 2030

According to forecasts by the European Commission’s DGAgri, growth in olive oil trade will remain strong and accelerate towards 2030. These are the findings of a study presented by Dr Gabriel Vigil, Head of the Olive Oil Sector of the European Commission’s Directorate-General for Agriculture.

The study was presented during an interesting international seminar organised by the IOC in Tbilisi in the framework of World Olive Day 2021.

Dr. Vigil, however, pointed out that the sector has to overcome a number of challenges, including climate change, changes in consumer behaviour, new market opportunities, and new producing countries.

The European Union has a total surface area of 4,476,200 km2, less than 6,000,000 ha of which are used for olive growing.

The EU is the largest producer, but it is also, to this day, the largest consumer of olive oil. It remains a strong reference point within the IOC framework as it is the biggest player with the highest concentration of the worldwide trade in the olive oil sector.

Further information are available 0n this link: 1 Presentation Olive oil market in the European Union 26 November

Gabriel Vigil – The author

Head of the Olive Oil Sector of the European Commission’s Directorate-General for Agriculture and keynote speaker during the World Olive Day 2021 international seminar organized by the IOC’s Executive Secretariat in Tbilisi.