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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 be up to date with the latest data! Don’t hesitate to send us an e-mail if you have any questions (iooc@internationaloliveoil.org).
THE OLIVE OIL AND TABLE OLIVE MARKET SITUATION – DATA FROM AUGUST 2024
Imports of table olives have risen by 12.3% on the main markets since the start of the current crop year (September 2023 to June 2024). Imports from the United States have fallen by 2.7%, while imports from Brazil have risen by 3.6%.
Graph 1: Flow of import volumes from some of the main markets and partner countries.
The United States (US) imports an average of more than 150,000 tonnes of table olives per crop year. The main suppliers of table olives to the US are Spain (39%), Greece (25%) and Morocco (10%).
Table 1: Table olive imports from the US, by partner country and crop year. Volume in tonnes.
Brazil imports an average of 125,000 tonnes of table olives, mainly from Argentina (49%), Peru (21%) and Egypt (21%).
Table 2: Imports of table olives from Brazil by partner country and crop year. Volume in tonnes.
Five markets account for around 67% of global imports: the US with 24%, Brazil with 18%, the European Union (EU) with 17%, Canada with 5% and Australia with 3%.
Imports of table olives from some of the main markets have risen by 12.3% since the start of the crop year (September 2023 to June 2024) compared to the same period in the previous season. Imports from the US fell by 2.7% and those from Brazil rose by 3.6%.
Table 3: Imports of table olives between the 2019/2020 and 2023/2024 crop years (September 2023 to June 2024). Volume in tonnes.
The main partner countries for these markets were Spain, Argentina, Morocco, Greece and Türkiye.
Table 4: Partner countries for the main import markets between the 2019/2020 and 2023/2024 crop years (September 2023 to June 2024). Volume in tonnes.
As far as imports from outside the EU are concerned, the EU imported just over 11,000 tonnes of table olives in June (+14% on the previous crop year and -15.1% on the previous month). Morocco, Türkiye and Egypt are the EU’s main partner countries.
Table 5: Extra-Community imports by partner country and harvest season. Volume in tonnes. Value in millions of euros (CIF).
As far as producer prices for extra virgin olive oil are concerned, the latest figures for the second week of July put them at €705 per 100kg in Jaén (Spain), 22% down on the same week in January, when they peaked at €902.5. In the case of Bari (Italy), the figure stands at €950 per 100 kg (down 1.9%).
Graph 2: Monthly producer prices for extra virgin olive oil.
In June of the 2023/2024 crop year, extra-Community olive oil exports from the EU had a unit value of €943 per 100 kg (+45.5% on the same period of the previous crop year, or -1.7% on the previous month).
Graph 3 : Monthly evolution of the unit value (FOB) and volume of extra virgin olive oil exports from the European Union. Volume in tonnes. Value in euros.
The export unit values index fell for the third consecutive month: in June, it was 1.8% lower than in May.
Graph 4 : Monthly evolution of the unit value index of extra-EU olive oil exports to the EU. Rate of change (m/m-12) (%).
Olive oil imports from the main markets mentioned in the table below increased by 1.2% between October 2023 and June 2024 compared to the same period of the 2022/2023 crop year.
Table 6 : Olive oil imports from some of the main markets. Volume in tonnes.
The harmonised index of consumer prices for olive oil in the EU (HICP) rose by 38.8% in July compared to the same month in the previous crop year, less than in June (-1.5%). The index has been falling since April 2024.
Graph 5: Trend in the HICP for olive oil in the EU-27. Rate of change (m/m-12) (%).
Click on these links to read more about olive sector prices, exports, and other relevant information.
* Some data are subject to revision. Figures are subject to change or correction without notice.
