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EU - Refined Olive Oil - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

EU - Refined Olive Oil - Market Analysis, Forecast, Size, Trends And Insights

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Jan 29, 2020

Italy, the UK, and Portugal Remain the Largest Markets for Imported Refined Olive Oil in the EU

IndexBox has just published a new report: 'EU - Refined Olive Oil - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.

Exports in the EU

In 2018, the refined olive oil exports in the European Union totaled 310K tons, standing approx. at the previous year. The total export volume increased at an average annual rate of +1.8% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. In value terms, refined olive oil exports stood at $1.7B (IndexBox estimates) in 2018.

Exports by Country

Spain represented the major exporter of refined olive oil exported in the European Union, with the volume of exports finishing at 213K tons, which was near 69% of total exports in 2018. Italy (51K tons) held a 16% share (based on tons) of total exports, which put it in second place, followed by Portugal (6.3%) and Greece (5.2%).

From 2007 to 2018, average annual rates of growth with regard to refined olive oil exports from Spain stood at +3.9%. At the same time, Greece (+8.2%) and Portugal (+2.4%) displayed positive paces of growth. Moreover, Greece emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +8.2% from 2007-2018. By contrast, Italy (-4.6%) illustrated a downward trend over the same period. Spain (+23 p.p.) and Greece (+3 p.p.) significantly strengthened its position in terms of the total exports, while Italy saw its share reduced by -11 p.p. from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Spain ($1.1B) remains the largest refined olive oil supplier in the European Union, comprising 69% of total refined olive oil exports. The second position in the ranking was occupied by Italy ($283M), with a 17% share of total exports. It was followed by Portugal, with a 5.6% share.

Export Prices by Country

The refined olive oil export price in the European Union stood at $5,364 per ton in 2018, rising by 18% against the previous year. The export price indicated a measured expansion from 2007 to 2018: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period.

Average prices varied noticeably amongst the major exporting countries. In 2018, major exporting countries recorded the following prices: in Greece ($5,741 per ton) and Italy ($5,597 per ton), while Portugal ($4,821 per ton) and Spain ($5,363 per ton) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Greece, while the other leaders experienced more modest paces of growth.

Imports in the EU

In 2018, approx. 174K tons of refined olive oil were imported in the European Union; rising by 8.3% against the previous year. The total import volume increased at an average annual rate of +2.2% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The pace of growth appeared the most rapid in 2017 when imports increased by 14% y-o-y. Over the period under review, refined olive oil imports attained their peak figure in 2018 and are likely to see steady growth in the immediate term. In value terms, refined olive oil imports stood at $714M (IndexBox estimates) in 2018.

Imports by Country

The countries with the highest levels of refined olive oil imports in 2018 were Italy (42K tons), the UK (41K tons) and Portugal (34K tons), together accounting for 67% of total import. Spain (12,353 tons) took the next position in the ranking, followed by France (9,565 tons), Germany (8,879 tons) and the Netherlands (8,658 tons). All these countries together took near 23% share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Spain, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest refined olive oil importing markets in the European Union were Italy ($214M), the UK ($145M) and Portugal ($113M), with a combined 66% share of total imports. These countries were followed by Spain, France, Germany and the Netherlands, which together accounted for a further 23%.

Import Prices by Country

In 2018, the refined olive oil import price in the European Union amounted to $4,098 per ton, rising by 6.9% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2013 an increase of 25% year-to-year.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Italy ($5,037 per ton), while Portugal ($3,344 per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Italy, while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the refined olive oil market in the EU. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 10415310 - Refined olive oil and its fractions (excluding chemically modified)

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in the EU, split by region and country
  • Trade (exports and imports) in the EU
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Austria
    • Belgium
    • Bulgaria
    • Croatia
    • Cyprus
    • Czech Republic
    • Denmark
    • Estonia
    • Finland
    • France
    • Germany
    • Greece
    • Hungary
    • Ireland
    • Italy
    • Latvia
    • Lithuania
    • Luxembourg
    • Malta
    • Netherlands
    • Poland
    • Portugal
    • Romania
    • Slovakia
    • Slovenia
    • Spain
    • Sweden

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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