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World - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

World - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: Jul 17, 2019

Global Virgin Olive Oil Market - Spain Holds a Leading Position

IndexBox has just published a new report: 'World - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

The global virgin olive oil market revenue amounted to $X in 2018, picking up by X% 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). Over the period under review, the total market indicated a strong expansion from 2008 to 2018: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, the virgin olive oil consumption increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2013, with an increase of X% against the previous year. Global virgin olive oil consumption peaked in 2018, and is expected to retain its growth in the immediate term.

Production 2007-2018

Global virgin olive oil production totaled X tons in 2018, going up by X% against the previous year. The total output volume increased at an average annual rate of +X% from 2008 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years.

Exports 2007-2018

Global exports totaled X tons in 2018, leveling off at the previous year. Over the period under review, virgin olive oil exports continue to indicate a relatively flat trend pattern.

In value terms, virgin olive oil exports stood at $X (IndexBox estimates) in 2018.

Exports by Country

Spain was the major exporting country with an export of around X tons, which finished at X% of total exports. Italy (X tons) took the second position in the ranking, followed by Greece (X tons), Portugal (X tons) and Tunisia (X tons). All these countries together occupied approx. X% share of total exports. Turkey (X tons) followed a long way behind the leaders.

Spain experienced a relatively flat trend pattern of olive oil (virgin) exports. At the same time, Portugal (+X%), Turkey (+X%) and Greece (+X%) displayed positive paces of growth. Moreover, Portugal emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2008-2018. By contrast, Italy (-X%) and Tunisia (-X%) illustrated a downward trend over the same period. While the share of Spain (X%), Tunisia (X%) and Italy (X%) increased significantly in terms of the global exports from 2008-2018, the share of Turkey (-X%), Greece (-X%) and Portugal (-X%) displayed negative dynamics.

In value terms, the largest virgin olive oil markets worldwide were Spain ($X), Italy ($X) and Greece ($X), with a combined X% share of global exports. These countries were followed by Portugal, Tunisia and Turkey, which together accounted for a further X%.

Export Prices by Country

In 2018, the average virgin olive oil export price amounted to $X per ton, approximately mirroring the previous year. Over the period from 2008 to 2018, it increased at an average annual rate of +X%.

There were significant differences in the average export prices amongst the major exporting countries. In 2018, the country with the highest export price was Italy ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2008 to 2018, the most notable rate of growth in terms of export prices was attained by Spain, while the other global leaders experienced more modest paces of growth.

Imports 2007-2018

In 2018, approx. X tons of olive oil (virgin) were imported worldwide; approximately equating the previous year. The total import volume increased at an average annual rate of +X% from 2008 to 2018; the trend pattern remained consistent, with only minor fluctuations being observed over the period under review.

In value terms, virgin olive oil imports stood at $X (IndexBox estimates) in 2018.

Imports by Country

In 2018, Italy (X tons), distantly followed by the U.S. (X tons), France (X tons), Spain (X tons) and Portugal (X tons) were the major importers of olive oil (virgin), together committing X% of total imports. Brazil (X tons), Germany (X tons), Japan (X tons), the UK (X tons), Canada (X tons) and China (X tons) took a minor share of total imports.

From 2008 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by China, while the other global leaders experienced more modest paces of growth.

In value terms, Italy ($X), the U.S. ($X) and France ($X) constituted the countries with the highest levels of imports in 2018, with a combined X% share of global imports. These countries were followed by Brazil, Germany, Spain, Portugal, Japan, Canada, China and the UK, which together accounted for a further X%.

Import Prices by Country

In 2018, the average virgin olive oil import price amounted to $X per ton, stabilizing at the previous year. In general, the virgin olive oil import price, however, continues to indicate a relatively flat trend pattern.

Import prices varied noticeably by the country of destination; the country with the highest import price was China ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2008 to 2018, the most notable rate of growth in terms of import prices was attained by China, while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global virgin olive oil market. 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:

  • FCL 261 - Oil of Olives, Virgin

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 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. 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. 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. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. 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, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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