Netherlands: Virgin Olive Oil Market 2024

Virgin Olive Oil Market Size in the Netherlands

The Dutch virgin olive oil market fell to $X in 2022, shrinking by -13% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Virgin olive oil consumption peaked at $X in 2021, and then shrank in the following year.

Virgin Olive Oil Exports

Exports from the Netherlands

In 2022, the amount of virgin olive oil exported from the Netherlands soared to X tons, surging by 17% on the previous year's figure. In general, exports continue to indicate strong growth. The growth pace was the most rapid in 2019 with an increase of 65% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, virgin olive oil exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed resilient growth. The pace of growth was the most pronounced in 2013 when exports increased by 80% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium (X tons), the United States (X tons) and Germany (X tons) were the main destinations of virgin olive oil exports from the Netherlands, with a combined 71% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +51.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the United States ($X) and Germany ($X) appeared to be the largest markets for virgin olive oil exported from the Netherlands worldwide, with a combined 71% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +48.1%, 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 virgin olive oil export price amounted to $X per ton, approximately equating the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The pace of growth was the most pronounced in 2013 an increase of 38%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Russia ($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 Germany (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Virgin Olive Oil Imports

Imports into the Netherlands

In 2022, after four years of growth, there was significant decline in overseas purchases of virgin olive oil, when their volume decreased by -7% to X tons. The total import volume increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 22% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then shrank in the following year.

In value terms, virgin olive oil imports reduced to $X in 2022. The total import value increased at an average annual rate of +4.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 43%. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of virgin olive oil to the Netherlands, with a 55% share of total imports. Moreover, virgin olive oil imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+0.8% per year) and Germany (-4.5% per year).

In value terms, the largest virgin olive oil suppliers to the Netherlands were Spain ($X), Italy ($X) and Germany ($X), together comprising 83% of total imports. Greece, Morocco and Belgium lagged somewhat behind, together comprising a further 11%.

Among the main suppliers, Greece, with a CAGR of +39.5%, 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

The average virgin olive oil import price stood at $X per ton in 2022, declining by -2.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2017 an increase of 18% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($X per ton) and Germany ($X per ton), while the price for Belgium ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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