EU: Olive Market 2025

Olive Market Size in the EU

The EU olive market reached $X in 2022, remaining stable against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Olive Production in the EU

In value terms, olive production rose to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 31% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of olive production was Spain (X tons), accounting for 55% of total volume. Moreover, olive production in Spain exceeded the figures recorded by the second-largest producer, Greece (X tons), twofold. Italy (X tons) ranked third in terms of total production with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Spain amounted to +7.9%. The remaining producing countries recorded the following average annual rates of production growth: Greece (+1.8% per year) and Italy (-2.9% per year).

In 2022, the average yield of olives in the European Union dropped modestly to X tons per ha, falling by -3.5% against the previous year. The yield figure increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the yield increased by 44%. Over the period under review, the olive yield reached the peak level at X tons per ha in 2018; however, from 2019 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of olives production in the European Union amounted to X ha, therefore, remained relatively stable against 2021 figures. Over the period under review, the harvested area showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 3.1% against the previous year. Over the period under review, the harvested area dedicated to olive production reached the peak figure at X ha in 2020; afterwards, it flattened through to 2022.

Olive Exports

Exports in the EU

In 2022, the amount of olives exported in the European Union dropped significantly to X tons, waning by -27.1% on 2021. Over the period under review, exports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2021 when exports increased by 77%. As a result, the exports attained the peak of X tons, and then declined significantly in the following year.

In value terms, olive exports reduced to $X in 2022. Total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +22.4% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 33%. The level of export peaked at $X in 2021, and then dropped in the following year.

Exports by Country

Portugal represented the major exporter of olives in the European Union, with the volume of exports accounting for X tons, which was near 73% of total exports in 2022. It was distantly followed by Spain (X tons), committing an 18% share of total exports. The following exporters - Greece (X tons) and the Netherlands (X tons) - together made up 5.7% of total exports.

From 2012 to 2022, average annual rates of growth with regard to olive exports from Portugal stood at +16.2%. At the same time, the Netherlands (+36.4%) and Spain (+10.5%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +36.4% from 2012-2022. By contrast, Greece (-7.7%) illustrated a downward trend over the same period. Portugal (+26 p.p.) and the Netherlands (+2 p.p.) significantly strengthened its position in terms of the total exports, while Greece saw its share reduced by -18.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Portugal ($X) remains the largest olive supplier in the European Union, comprising 50% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 17% share of total exports. It was followed by Spain, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Portugal amounted to +12.7%. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (+46.7% per year) and Spain (+1.4% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, jumping by 18% against the previous year. In general, the export price, however, continues to indicate a deep reduction. The growth pace was the most rapid in 2020 an increase of 20%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.6%), while the other leaders experienced a decline in the export price figures.

Olive Imports

Imports in the EU

In 2022, olive imports in the European Union dropped slightly to X tons, declining by -2.6% compared with 2021. Overall, imports, however, recorded prominent growth. The growth pace was the most rapid in 2015 with an increase of 50% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then shrank slightly in the following year.

In value terms, olive imports shrank slightly to $X in 2022. In general, imports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 53%. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

In 2022, Portugal (X tons) represented the main importer of olives, creating 44% of total imports. Spain (X tons) ranks second in terms of the total imports with a 28% share, followed by Italy (11%) and the Netherlands (4.5%). Poland (X tons) and France (X tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +30.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest olive importing markets in the European Union were Portugal ($X), Italy ($X) and Spain ($X), together accounting for 62% of total imports.

In terms of the main importing countries, Portugal, with a CAGR of +26.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, with an increase of 1.7% against the previous year. Overall, the import price, however, saw a perceptible setback. The growth pace was the most rapid in 2017 an increase of 7.4% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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