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Welcome to the IOC, the only intergovernmental organization 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).
MARKET SITUATION
The Harmonised Index of Consumer Prices (HICP) for olive oil in the EU-27 fell by 0.6% in August compared to July, the fourth consecutive fall. This index is 30.3% higher than in the same month of the previous year.
Graph 1: Trend in the HICP for olive oil in the EU-27. Rate of change (m/m-12) (%).
As far as producer prices are concerned, the latest figures show that extra virgin olive oil was trading at €726/100kg in Jaén (Spain) during the third week of September, 19.6% down on the record level of €902.5 reached in mid-January. In Bari (Italy), the figure was €915/100kg (-5.5%).
Graph 2: Trend in monthly producer prices for extra virgin olive oil.
As regards extra-Community olive oil exports from the European Union, the unit value reached €950 / 100 kg in July 2024 (+40.3% compared to the same period of the previous campaign or +0.7% compared to 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 index of export unit values fell for the fourth consecutive month compared with the same month last year, even though it rose by 0.5% between July and June.
Graph 4: Monthly evolution of the unit value index of extra-EU olive oil exports. Rate of change (m/m-12) (%).
Olive oil imports by the main importing countries (see table below) increased by 1.3% during the period between October 2023 and July 2024 compared to the same period in the 2022/2023 campaign.
Table 1 : Olive oil imports by the main importing countries. Volume in tonnes.
The HICP for olive oil in the EU rose by 30.3% in August compared to the same month last year, less than in July (-0.6%). 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) (%).
By country, the biggest increases were recorded in Bulgaria and Cyprus.
Graph 6: HICP for olive oil by country in the EU-27. Rate of change (m/m-12) (%).
Graph 7: HICP for olive oil by country 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 change. Figures are subject to correction without notice.
