Italy - Refined Olive Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingItaly's Refined Olive Oil Sees Price Drop to $6,539/Ton
Italy Refined Olive Oil Export Price in May 2023
In May 2023, the refined olive oil price stood at $6,539 per ton (FOB, Italy), with a decrease of -5.6% against the previous month. Overall, export price indicated a tangible expansion from May 2022 to May 2023: its price increased at an average monthly rate of +2.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on May 2023 figures, refined olive oil export price increased by +11.2% against March 2023 indices. The pace of growth was the most pronounced in April 2023 an increase of 18% month-to-month. As a result, the export price reached the peak level of $6,928 per ton, and then declined in the following month.
Average prices varied noticeably for the major export markets. In May 2023, the countries with the highest prices were Canada ($8,035 per ton) and the Netherlands ($7,424 per ton), while the average price for exports to Japan ($6,642 per ton) and the United States ($6,855 per ton) were amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.
| COUNTRY | Export Price of Refined Olive Oil in Italy (USD per ton) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | |
| Canada | 4,756 | 4,454 | 5,791 | 5,071 | 5,986 | 6,224 | 5,097 | 5,228 | 7,921 | 5,468 | 7,259 | 6,401 | 8,035 |
| Netherlands | 5,605 | 5,793 | 5,363 | 5,183 | 4,686 | 5,871 | 5,547 | 6,428 | 6,652 | 7,323 | 6,986 | 7,161 | 7,424 |
| Germany | 3,829 | 3,286 | 2,556 | 2,237 | 2,711 | 2,667 | 2,782 | 5,825 | 6,555 | 6,509 | 6,546 | 7,077 | 7,238 |
| United Kingdom | 4,926 | 4,998 | 5,266 | 5,281 | 4,909 | 5,127 | 5,800 | 5,862 | 6,060 | 6,559 | 7,148 | 6,845 | 7,119 |
| Taiwan (Chinese) | 4,970 | 4,882 | 5,011 | 5,208 | 5,235 | 4,784 | 5,513 | 6,078 | 6,196 | 7,211 | 6,882 | 7,227 | 6,960 |
| United States | 4,854 | 4,919 | 4,575 | 4,774 | 4,703 | 4,802 | 5,279 | 5,638 | 5,870 | 6,640 | 6,278 | 7,015 | 6,855 |
| Japan | 4,606 | 4,730 | 4,261 | 4,225 | 4,328 | 4,381 | 5,043 | 5,118 | 6,371 | 6,157 | 6,085 | 6,319 | 6,642 |
| Average | 4,724 | 4,735 | 4,414 | 4,521 | 4,536 | 4,555 | 5,083 | 5,577 | 6,207 | 6,535 | 5,878 | 6,928 | 6,539 |
Italy Refined Olive Oil Exports
In May 2023, approximately 3.8K tons of refined olive oil were exported from Italy; picking up by 8.6% against April 2023 figures. Overall, exports, however, continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in March 2023 when exports increased by 24% against the previous month.
In value terms, refined olive oil exports expanded to $25M (IndexBox estimates) in May 2023. In general, exports, however, showed a mild reduction. The pace of growth appeared the most rapid in January 2023 when exports increased by 19% against the previous month.
Italy Refined Olive Oil Exports by Country
the United States (881 tons), Spain (566 tons) and the UK (313 tons) were the main destinations of refined olive oil exports from Italy, with a combined 47% share of total exports.
From May 2022 to May 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +61.2%), while the other leaders experienced more modest paces of growth.
In value terms, the United States ($6M) remains the key foreign market for refined olive oil exports from Italy, comprising 25% of total exports. The second position in the ranking was held by Spain ($2.3M), with a 9.2% share of total exports. It was followed by the UK, with a 9.1% share.
From May 2022 to May 2023, the average monthly rate of growth in terms of value to the United States amounted to -3.5%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Spain (+51.8% per month) and the UK (-2.0% per month).
This report provides an in-depth analysis of the refined olive oil market in Italy. 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:
- Italy
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Italy
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
