+17.4%
2019/2020 main import markets. First 8 months
Production
Consumption
Imports
-2%
(Prevision)
+6%
(Prevision)
+3%
(Prevision)
Extra virgin olive oil prices in Jaén-Spain (€/100kg)
Extra virgin olive oil prices in Bari-Italy (€/100kg)
Extra virgin olive oil prices in Chania-Greece (€/100kg)
-10.6%
Jaén-Spain
-32.7%
Bari-Italy
-22.5%
Chania-Greece
Australia imports
Brazil imports
Canada imports
China imports
+9.5%
Australia
+19.8%
Brazil
+21.9%
Canada
+9.9%
China
Japan imports
Russia imports
Usa imports
Extra-EU imports
+2.9%
Japan
+14.7%
Russia
+7.4%
USA
+50.6%
Extra-EU
- Provisional data for the 2018/19 crop year point to a 4.8% decrease, leaving production at 3 217 500 t. The production estimate for the 2019/20 crop year puts production at 3 144 000 t (-2.3%).
+32%
2017/2018
-5%
2018/2019 (Provisional)
-2%
2019/2020 (Prevision)
Changes in production olive oil. Annual variation rates with baseline 1958/59
Distribution of olive oil
World olive oil production, 2018/19 crop year (*)
Production of olive oil
Source: own elaboration based on IOC balance sheets and estimates. Some of the data are subject to review. (*) Only extra EU trade.The United Kingdom is no longer a Member State of the European Union, however until the end of the transition period it is still part of the EU Customs Union, figures for the 2019/20 crop year include EU+UK. Olive crop year means the period from 1 October of year t to 30 September of year t+1 for olive oil. (1) Provisional, (2) Prevision. Contact: International Olive Council - Economic and Promotion Unit - Economic Research and Statistics Department, https://www.internationaloliveoil.org/
- Provisional data for the 2018/19 crop year point to a 4.3% fall, leaving consumption at 2 909 000 t. Estimates for the 2019/20 crop year put consumption above 3 000 000 t.
+11%
2017/2018
-4%
2018/2019 (Provisional)
+6%
2019/2020 (Prevision)
Changes in consumption olive oil. Annual variation rates with baseline 1958/59
Distribution of olive oil consumption
Consumption in kg of olive oil per inhabitant-IOC members
Consumption in kg of olive oil per inhabitant-IOC members EU
Consumption in kg of olive oil per inhabitant-Non IOC members
Consumption of olive oil
Source: own elaboration based on IOC balance sheets and UN DESA population division. Some of the data are subject to review. Olive crop year means the period from 1 October of year t to 30 September of year t+1 for olive oil. (1) Provisional, (2) Prevision. The United Kingdom is no longer a Member State of the European Union, however until the end of the transition period it is still part of the EU Customs Union, figures for the 2019/20 crop year include EU+UK. Contact: International Olive Council - Economic and Promotion Unit - Economic Research and Statistics Department, https://www.internationaloliveoil.org/
The trade figures for olive oil in the eight main markets in the first 8 months of the current crop year show a +17.4% compared to the same period the previous crop year.
Provisional data for the 2018/19 crop year point to a 2.7% increase, leaving import at 968 000 t. The import estimate for the 2019/20 crop year puts production at 994 000 t (+2.7%).
The United States accounts for around 36% of world imports of olive oil, placing it in first place followed by the European Union with 15%; Brazil with 8%; Japan with 7%; and Canada with 5%. This makes a total of 71% of imports worldwide. The rest of the importer countries account for just under 5%.
+21%
2017/2018
+3%
2018/2019 (Provisional)
+3%
2019/2020 (Prevision)
Changes in imports olive oil. Annual variation rates with baseline 1958/59
Olive oil and olive-pomace oil, percentage world imports (average over 6 crop years)
2019/2020 monthly imports of olive oil
Imports of olive oil (*)
Source: own elaboration based on IOC balance sheets; United States Department of Agriculture Foreign Agricultural Service; Statistics CANADA - International Trade Division; Australian Bureau of Statistics; Ministerio do Desenvolvimento, Industria e Comercio Exterior, Brasil; Trade Statistics of Japan - Ministry of Finance; EUROSTAT; and Global Trade International. Some of the data are subject to review. Olive crop year means the period from 1 October of year t to 30 September of year t+1 for olive oil. (*) Only extra EU trade. Data in tonnes 1t=1000kg=1Mg. The United Kingdom is no longer a Member State of the European Union, however until the end of the transition period it is still part of the EU Customs Union, figures for the 2019/20 crop year include EU+UK.Extra EU: Imports from outside the EU; Intra EU: Imports from inside the EU. (1) Provisional, (2) Prevision. Contact: International Olive Council - Economic and Promotion Unit - Economic Research and Statistics Department, https://www.internationaloliveoil.org/
- Spain, Tunisia, Italy and Portugal are the main origin countries of the current crop year.
-2.5%
SPAIN 28.5 % market share
+63.7%
TUNISIA 28.4 % market share
+0.6%
ITALY 19.5 % market share
+56.4%
PORTUGAL 11.3 % market share
-8.9%
TURKEY 3.4 % market share
+47.7%
ARGENTINA 2.4 % market share
-1.9%
GREECE 2.1 % market share
-9.6%
CHILE 1.3 % market share
Source: own elaboration based on United States Department of Agriculture Foreign Agricultural Service; Statistics CANADA - International Trade Division; Australian Bureau of Statistics; Ministerio do Desenvolvimento, Industria e Comercio Exterior, Brasil; Trade Statistics of Japan - Ministry of Finance; Global Trade International; and EUROSTAT. Some of the data are subject to review. Data in tonnes 1t=1000kg=1Mg. Olive crop year means the period from 1 October of year t to 30 September of year t+1 for olive oil.The United Kingdom is no longer a Member State of the European Union, however until the end of the transition period it is still part of the EU Customs Union, figures for the 2019/20 crop year include EU+UK. Extra EU: Imports from outside the EU; Intra EU: Imports from inside the EU. Contact: International Olive Council - Economic and Promotion Unit - Economic Research and Statistics Department, https://www.internationaloliveoil.org/
- Spain, Tunisia, Italy and Portugal are the main origin countries of the 2018/2019 crop year.
+27.4%
SPAIN 36.1 % market share
+6.5%
ITALY 22.4 % market share
-14.7%
TUNISIA 18.4 % market share
+26.2%
PORTUGAL 7.6 % market share
-32.1%
TURKEY 3.8 % market share
+164.2%
MOROCCO 3.2 % market share
+5.5%
GREECE 2.3 % market share
-36.8%
ARGENTINA 2.2 % market share
Source: own elaboration based on United States Department of Agriculture Foreign Agricultural Service; Statistics CANADA - International Trade Division; Australian Bureau of Statistics; Ministerio do Desenvolvimento, Industria e Comercio Exterior, Brasil; Trade Statistics of Japan - Ministry of Finance; Global Trade International; and EUROSTAT. Some of the data are subject to review.Data in tonnes 1t=1000kg=1Mg. Olive crop year means the period from 1 October of year t to 30 September of year t+1 for olive oil. The United Kingdom is no longer a Member State of the European Union, however until the end of the transition period it is still part of the EU Customs Union, figures for the 2019/20 crop year include EU+UK.Extra EU: Imports from outside the EU; Intra EU: Imports from inside the EU. Contact: International Olive Council - Economic and Promotion Unit - Economic Research and Statistics Department, https://www.internationaloliveoil.org/
Extra virgin olive oil prices in Jaén-Spain stood at 197.1 €/100kg (-10.6% compared to the same period previous crop year).
Refined olive oil prices in Jaén-Spain stood at 168 €/100kg (-13.8% compared to the same period previous crop year).
-10.6%
Extra virgin olive oil price
-13.4%
Virgin olive oil price
-13.8%
Refined olive oil
Price
Week over week price variation rates (%)
IOC own elaboration based on data from the European Commission; the Ministry for Agriculture, Fisheries and Food of Spain; ISMEA (Italy); and information provided by member countries. Some of the data are subject to review. Olive crop year means the period from 1 October of year t to 30 September of year t+1 for olive oil. Olive oil prices in oil mill, in € / 100 kg, without VAT Reg. C.E. 865/04 and 826/08 Contact: International Olive Council - Economic and Promotion Unit - Economic Research and Statistics Department https://www.internationaloliveoil.org/
- Extra virgin olive oil prices in Bari-Italy stood at 340 €/100kg (-32.7% compared to the same period previous crop year).
-32.7%
Extra virgin olive oil price
Price
Week over week price variation rates (%)
IOC own elaboration based on data from the European Commission; the Ministry for Agriculture, Fisheries and Food of Spain; ISMEA (Italy); and information provided by member countries. Some of the data are subject to review. Olive crop year means the period from 1 October of year t to 30 September of year t+1 for olive oil. Olive oil prices in oil mill, in € / 100 kg, without VAT Reg. C.E. 865/04 and 826/08 Contact: International Olive Council - Economic and Promotion Unit - Economic Research and Statistics Department https://www.internationaloliveoil.org/
- Extra virgin olive oil prices in Chania-Greece stood at €200 per 100kg (-22.5% compared to the same period previous crop year).
-22.5%
Extra virgin olive oil price
-46.9%
Virgin olive oil price
Price (€/100kg)
Week over week price variation rates (%)
IOC own elaboration based on data from the European Commission; the Ministry for Agriculture, Fisheries and Food of Spain; ISMEA (Italy); and information provided by member countries. Some of the data are subject to review. Olive crop year means the period from 1 October of year t to 30 September of year t+1 for olive oil. Olive oil prices in oil mill, in € / 100 kg, without VAT Reg. C.E. 865/04 and 826/08 Contact: International Olive Council - Economic and Promotion Unit - Economic Research and Statistics Department https://www.internationaloliveoil.org/