U.S. - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingVirgin Olive Oil Prices in the United States
U.S. Virgin Olive Oil Import Price in December 2021
In December 2021, the virgin olive oil price stood at $4,800 per ton (CIF, US), picking up by 11% against the previous month. Over the period from January 2021 to December 2021, it increased at an average monthly rate of +2.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In December 2021, the countries with the highest prices were Chile ($5,324 per ton) and Italy ($5,000 per ton), while the price for Turkey ($3,661 per ton) and Tunisia ($3,863 per ton) were amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by Argentina (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.
U.S. Virgin Olive Oil Imports
In December 2021, approximately 19K tons of virgin olive oil were imported into the United States; declining by -11.4% on the previous month's figure. In general, imports recorded a pronounced decline. The pace of growth was the most pronounced in April 2021 when imports increased by 39% month-to-month. As a result, imports attained the peak of 30K tons. From May 2021 to December 2021, the growth of imports remained at a lower figure.
In value terms, virgin olive oil imports contracted to $93M (IndexBox estimates) in December 2021. Over the period under review, imports saw a slight decrease. The pace of growth was the most pronounced in April 2021 when imports increased by 39% m-o-m. As a result, imports reached the peak of $117M. From May 2021 to December 2021, the growth of imports remained at a somewhat lower figure.
U.S. Virgin Olive Oil Imports by Country
Italy (7K tons), Spain (5.7K tons) and Tunisia (1.9K tons) were the main suppliers of virgin olive oil imports to the United States, with a combined 75% share of total imports. These countries were followed by Argentina, Chile, Portugal, Greece and Turkey, which together accounted for a further 21%.
From January 2021 to December 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Argentina (with a CAGR of +7.2%), while imports for the other leaders experienced more modest paces of growth.
In value terms, Italy ($35M), Spain ($25M) and Tunisia ($7.2M) were the largest virgin olive oil suppliers to the United States, together accounting for 72% of total imports. Argentina, Chile, Portugal, Greece and Turkey lagged somewhat behind, together accounting for a further 20%.
Argentina, with a CAGR of +10.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the virgin olive oil market in the U.S.. 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:
- FCL 261 - Oil of Olives, Virgin
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the refined olive oil market in the U.S..
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In March 2023, the refined olive oil price stood at $5,034 per ton (CIF, US), surging by 3% against the previous month.
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Discover the top import markets for virgin olive oil and their importance in the global market. Italy, the United States, Spain, France, and Brazil lead the way, driven by culinary culture and health-conscious consumers.
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The global virgin olive oil market revenue amounted to $15.2B in 2018, picking up by 1.7% against the previous year. This ...
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In 2017, approx. X tons of virgin olive oil was consumed worldwide, a decline of -X% against the previous year.
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Global virgin olive oil consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
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In 2015, the country with the largest volume of the virgin olive oil output was Spain (X thousand tons), accounting for X% of global production.
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Spain continued its dominance in the global olive oil trade. In 2014, Spain exported X thousand tons of olive oil totaling X million USD, X% over the previous year. Its primary trading partner was Italy, where it supplied X% of its total oliv
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The olive oil industry, connected, as it is, to a product that has long been acknowledged to contain extraordinary health properties, has always thrived in the countries of the Mediterranean region. The Omega-X monounsaturated fatty acids and antioxida
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In March 2023, the refined olive oil price stood at $5,034 per ton (CIF, US), surging by 3% against the previous month.
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Discover the top import markets for virgin olive oil and their importance in the global market. Italy, the United States, Spain, France, and Brazil lead the way, driven by culinary culture and health-conscious consumers.
