France: Refined Olive Oil Market 2025

Refined Olive Oil Market Size in France

The French refined olive oil market dropped to $X in 2022, remaining relatively unchanged against the previous year. Overall, consumption, however, continues to indicate a perceptible decrease. Refined olive oil consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Refined Olive Oil Production in France

In value terms, refined olive oil production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 35% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Refined Olive Oil Exports

Exports from France

Refined olive oil exports from France skyrocketed to X tons in 2022, jumping by 19% compared with the year before. Over the period under review, total exports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +3.4% 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 +35.9% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of 62%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, refined olive oil exports expanded remarkably to $X in 2022. In general, total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 +40.7% against 2017 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 41%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), Belgium (X tons) and Norway (X tons) were the main destinations of refined olive oil exports from France, with a combined 69% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +49.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for refined olive oil exported from France were Belgium ($X), Germany ($X) and Norway ($X), together comprising 65% of total exports. Austria, South Korea, the United States, Sweden, Turkey, Switzerland and Spain lagged somewhat behind, together accounting for a further 20%.

Among the main countries of destination, Austria, with a CAGR of +57.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average refined olive oil export price amounted to $X per ton, declining by -5.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2016 an increase of 47%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Refined Olive Oil Imports

Imports into France

In 2022, imports of refined olive oil into France surged to X tons, jumping by 38% compared with the previous year. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 76%. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, refined olive oil imports surged to $X in 2022. In general, total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -36.6% against 2018 indices. The growth pace was the most rapid in 2014 with an increase of 44%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of refined olive oil to France, with a 83% share of total imports. Moreover, refined olive oil imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. The third position in this ranking was taken by Portugal (X tons), with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain amounted to +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-12.6% per year) and Portugal (+5.2% per year).

In value terms, Spain ($X) constituted the largest supplier of refined olive oil to France, comprising 80% of total imports. The second position in the ranking was held by Italy ($X), with a 9.4% share of total imports. It was followed by Belgium, with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain totaled +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-10.5% per year) and Belgium (+9.6% per year).

Import Prices by Country

In 2022, the average refined olive oil import price amounted to $X per ton, with a decrease of -14.9% against the previous year. Overall, the import price, however, recorded a pronounced increase. The growth pace was the most rapid in 2015 an increase of 43%. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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