Netherlands: Refined Olive Oil Market 2024

Refined Olive Oil Market Size in the Netherlands

In 2022, the Dutch refined olive oil market increased by 8.7% to $X, rising for the second year in a row after two years of decline. In general, consumption continues to indicate a slight reduction. Refined olive oil consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Refined Olive Oil Production in the Netherlands

In value terms, refined olive oil production fell to $X in 2022 estimated in export price. Over the period under review, production recorded a drastic downturn. The pace of growth was the most pronounced in 2015 when the production volume increased by 39% against the previous year. Refined olive oil production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Refined Olive Oil Exports

Exports from the Netherlands

In 2022, the amount of refined olive oil exported from the Netherlands surged to X tons, picking up by 47% against the previous year. Overall, exports saw a buoyant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 81%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, refined olive oil exports surged to $X in 2022. In general, exports saw a prominent expansion. The pace of growth was the most pronounced in 2019 with an increase of 66%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Belgium (X tons) was the main destination for refined olive oil exports from the Netherlands, accounting for a 44% share of total exports. Moreover, refined olive oil exports to Belgium exceeded the volume sent to the second major destination, the United States (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume to Belgium stood at +43.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+37.2% per year) and Germany (-4.6% per year).

In value terms, the largest markets for refined olive oil exported from the Netherlands were the United States ($X), Belgium ($X) and Germany ($X), together accounting for 76% of total exports.

Among the main countries of destination, Belgium, with a CAGR of +40.5%, saw the highest growth rate of 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

The average refined olive oil export price stood at $X per ton in 2022, with an increase of 6.7% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 24% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Belgium ($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 Norway (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Refined Olive Oil Imports

Imports into the Netherlands

Refined olive oil imports into the Netherlands soared to X tons in 2022, jumping by 16% compared with the previous year's figure. Overall, total imports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +33.4% against 2020 indices. The growth pace was the most rapid in 2019 with an increase of 24%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, refined olive oil imports soared to $X in 2022. In general, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +8.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 41% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of refined olive oil to the Netherlands, accounting for a 68% share of total imports. Moreover, refined olive oil imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain amounted to +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-0.3% per year) and Germany (-2.5% per year).

In value terms, Spain ($X) constituted the largest supplier of refined olive oil to the Netherlands, comprising 61% of total imports. The second position in the ranking was held by Italy ($X), with a 20% share of total imports. It was followed by Palestine, with a 7.8% share.

From 2012 to 2022, the average annual growth rate of value from Spain stood at +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.8% per year) and Palestine (+2.7% per year).

Import Prices by Country

In 2022, the average refined olive oil import price amounted to $X per ton, surging by 11% against the previous year. Over the last decade, it increased at an average annual rate of +3.9%. The pace of growth appeared the most rapid in 2021 an increase of 22%. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Palestine ($X per ton), while the price for Germany ($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 (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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