Greece: Olive Market 2025

Olive Market Size in Greece

The Greek olive market expanded to $X in 2022, rising by 3.2% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Olive consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Olive Production in Greece

In value terms, olive production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the production volume increased by 24%. Olive production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The average yield of olives in Greece declined modestly to X tons per ha in 2022, shrinking by -4.4% against 2021 figures. The yield figure increased at an average annual rate of +1.2% 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 2014 when the yield increased by 44% against the previous year. Over the period under review, the average olive yield reached the maximum level at X tons per ha in 2021, and then fell slightly in the following year. 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 Greece stood at X ha, surging by 5.3% on 2021. Overall, the harvested area showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 7% against the previous year. The olive harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area stood at a somewhat lower figure.

Olive Exports

Exports from Greece

In 2022, shipments abroad of olives decreased by -54.9% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a deep downturn. The pace of growth appeared the most rapid in 2017 with an increase of 43%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, olive exports plummeted to $X in 2022. Overall, exports recorded a deep slump. The growth pace was the most rapid in 2019 when exports increased by 40%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X tons) was the main destination for olive exports from Greece, with a 96% share of total exports. It was followed by Germany (X tons), with a 0.9% share of total exports. The third position in this ranking was held by Romania (X tons), with a 0.4% share.

From 2012 to 2022, the average annual growth rate of volume to Italy stood at +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-25.9% per year) and Romania (-39.6% per year).

In value terms, Italy ($X) remains the key foreign market for olives exports from Greece, comprising 96% of total exports. The second position in the ranking was taken by Germany ($X), with a 1.3% share of total exports. It was followed by Romania, with a 0.5% share.

From 2012 to 2022, the average annual growth rate of value to Italy stood at +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-31.0% per year) and Romania (-29.1% per year).

Export Prices by Country

The average olive export price stood at $X per ton in 2022, rising by 12% against the previous year. In general, the export price, however, continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2013 when the average export price increased by 25% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Bulgaria ($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 Romania (+17.5%), while the prices for the other major destinations experienced more modest paces of growth.

Olive Imports

Imports into Greece

In 2022, the amount of olives imported into Greece skyrocketed to X tons, jumping by 161% compared with 2021. Overall, imports saw a prominent increase. The pace of growth was the most pronounced in 2013 when imports increased by 379% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, olive imports soared to $X in 2022. In general, imports recorded prominent growth. The pace of growth appeared the most rapid in 2013 when imports increased by 375%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Albania (X tons) constituted the largest olive supplier to Greece, accounting for a 83% share of total imports. Moreover, olive imports from Albania exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), more than tenfold. Spain (X tons) ranked third in terms of total imports with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume from Albania totaled +40.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+13.9% per year) and Spain (+59.2% per year).

In value terms, Albania ($X) constituted the largest supplier of olives to Greece, comprising 80% of total imports. The second position in the ranking was held by Spain ($X), with a 6.7% share of total imports. It was followed by the Netherlands, with a 6.5% share.

From 2012 to 2022, the average annual growth rate of value from Albania amounted to +36.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+51.8% per year) and the Netherlands (+14.6% per year).

Import Prices by Country

In 2022, the average olive import price amounted to $X per ton, falling by -30.3% against the previous year. In general, the import price saw a pronounced slump. The pace of growth appeared the most rapid in 2021 when the average import price increased by 61%. As a result, import price reached the peak level of $X per ton, and then shrank sharply in the following year.

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 Bulgaria ($X per ton), while the price for Albania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+16.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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