Europe: Olive Market 2025

Olive Market Size in Europe

The Europe olive market totaled $X in 2022, therefore, remained relatively 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 failed to regain momentum.

Olive Production in Europe

In value terms, olive production amounted to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 31%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Spain (X tons) constituted the country with the largest volume of olive production, 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.

In Spain, olive production increased at an average annual rate of +7.9% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Greece (+1.8% per year) and Italy (-2.9% per year).

The average olive yield reduced to X tons per ha in 2022, dropping by -3.4% against the previous year's figure. The yield figure increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the yield increased by 44% against the previous year. The level of yield peaked 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, approx. X ha of olives were harvested in Europe; standing approx. at the previous year. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the harvested area increased by 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 Europe

In 2022, the amount of olives exported in Europe dropped markedly to X tons, declining by -27% on the previous year. In general, exports, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 77% against the previous year. As a result, the exports reached the peak of X tons, and then contracted significantly in the following year.

In value terms, olive exports declined 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 +21.7% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 32%. The level of export peaked at $X in 2021, and then fell in the following year.

Exports by Country

Portugal represented the key exporting country with an export of around X tons, which accounted for 73% of total exports. It was distantly followed by Spain (X tons), achieving 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.

Exports from Portugal increased at an average annual rate of +16.2% from 2012 to 2022. 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 Europe, 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 -18.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Portugal, olive exports expanded at an average annual rate of +12.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Netherlands (+46.7% per year) and Spain (+1.4% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, increasing by 18% against the previous year. Over the period under review, the export price, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2020 an increase of 20% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: 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 Europe

In 2022, olive imports in Europe dropped to X tons, waning by -2.9% on the previous year's figure. Overall, imports, however, saw a buoyant increase. The pace of growth was the most pronounced in 2015 with an increase of 48% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, olive imports reduced to $X in 2022. Over the period under review, imports, however, saw strong growth. The pace of growth was the most pronounced in 2021 when imports increased by 53% against the previous year. As a result, imports reached the peak of $X, and then contracted modestly in the following year.

Imports by Country

Portugal represented the key importing country with an import of about X tons, which finished at 43% of total imports. Spain (X tons) took a 28% share (based on physical terms) of total imports, which put it in second place, followed by Italy (11%). The Netherlands (X tons), Poland (X tons) and France (X tons) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Poland (with a CAGR of +30.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), Italy ($X) and Spain ($X) were the countries with the highest levels of imports in 2022, with a combined 61% share 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 Europe amounted to $X per ton, increasing by 1.7% against the previous year. Overall, the import price, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2017 an increase of 8.2%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: 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