Report Update Nov 1, 2024

Ireland - Refined Olive Oil - Market Analysis, Forecast, Size, Trends and Insights

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Ireland: Refined Olive Oil Market 2024

Refined Olive Oil Market Size in Ireland

The Irish refined olive oil market surged to $X in 2022, jumping by 103% against the previous year. Overall, consumption, however, continues to indicate a abrupt contraction. Refined olive oil consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Refined Olive Oil Production in Ireland

In value terms, refined olive oil production expanded slightly to $X in 2022 estimated in export price. In general, production recorded a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of 54%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Refined Olive Oil Exports

Exports from Ireland

In 2022, shipments abroad of refined olive oil decreased by 0% to X tons, falling for the third year in a row after two years of growth. Overall, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 174% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, refined olive oil exports stood at $X in 2022. Over the period under review, exports showed a perceptible expansion. The pace of growth was the most pronounced in 2016 when exports increased by 220%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tons) was the main destination for refined olive oil exports from Ireland, accounting for a 92% share of total exports. Moreover, refined olive oil exports to the UK exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK stood at +42.2%.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK amounted to +36.3%.

Export Prices by Country

In 2022, the average refined olive oil export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 55%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to the UK stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (-0.6%).

Refined Olive Oil Imports

Imports into Ireland

Refined olive oil imports into Ireland totaled X tons in 2022, stabilizing at 2021. In general, imports showed a abrupt slump. The pace of growth was the most pronounced in 2018 with an increase of 18%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, refined olive oil imports totaled $X in 2022. Overall, imports showed a mild setback. The pace of growth appeared the most rapid in 2015 when imports increased by 17%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Spain (X tons) constituted the largest refined olive oil supplier to Ireland, accounting for a 62% share of total imports. Moreover, refined olive oil imports from Spain exceeded the figures recorded by the second-largest supplier, the UK (X tons), fourfold. Italy (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Spain totaled -6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-8.4% per year) and Italy (-2.4% per year).

In value terms, Spain ($X) constituted the largest supplier of refined olive oil to Ireland, comprising 60% of total imports. The second position in the ranking was held by the UK ($X), with a 19% share of total imports. It was followed by Italy, with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain amounted to -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-1.7% per year) and Italy (+0.3% per year).

Import Prices by Country

The average refined olive oil import price stood at $X per ton in 2022, approximately reflecting the previous year. In general, the import price saw a tangible increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 23%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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 Germany ($X per ton), while the price for France ($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 UK (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined olive oil in the world?

The country with the largest volume of refined olive oil consumption was China, accounting for 16% of total volume. Moreover, refined olive oil consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 6.1% share.

What are the largest producers of refined olive oil in the world?

The countries with the highest volumes of in 2021 were China, Spain and India, together accounting for 32% of global production. The United States, Japan, Italy, Russia, Pakistan, Nigeria, Germany, Indonesia, Brazil and Bangladesh lagged somewhat behind, together accounting for a further 28%.

What are the leading suppliers of refined olive oil to Ireland?

In value terms, the UK, Spain and Italy were the largest refined olive oil suppliers to Ireland, together comprising 87% of total imports. These countries were followed by Germany and Portugal, which together accounted for a further 13%.

What are the leading importers of refined olive oil from Ireland?

In value terms, Hong Kong SAR and the UK constituted the largest markets for refined olive oil exported from Ireland worldwide.

What is the average export price for refined olive oil in Ireland?

The average refined olive oil export price stood at $3,466 per ton in 2021, waning by -23.4% against the previous year.

What is the average import price for refined olive oil in Ireland?

In 2021, the average refined olive oil import price amounted to $4,105 per ton, with an increase of 54% against the previous year.

This report provides an in-depth analysis of the refined olive oil market in Ireland. 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:

Prodcom 10415310 - Refined olive oil and its fractions (excluding chemically modified)

Country coverage:

Ireland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ireland
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023