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EU - Refined Olive Oil - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: Jan 29, 2020

Italy, the UK, and Portugal Remain the Largest Markets for Imported Refined Olive Oil in the EU

IndexBox has just published a new report: 'EU - Refined Olive Oil - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.

Exports in the EU

In 2018, the refined olive oil exports in the European Union totaled 310K tonnes, standing approx. at the previous year. The total export volume increased at an average annual rate of +1.8% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. In value terms, refined olive oil exports stood at $1.7B (IndexBox estimates) in 2018. 

Exports by Country

Spain represented the major exporter of refined olive oil exported in the European Union, with the volume of exports finishing at 213K tonnes, which was near 69% of total exports in 2018. Italy (51K tonnes) held a 16% share (based on tonnes) of total exports, which put it in second place, followed by Portugal (6.3%) and Greece (5.2%).

From 2007 to 2018, average annual rates of growth with regard to refined olive oil exports from Spain stood at +3.9%. At the same time, Greece (+8.2%) and Portugal (+2.4%) displayed positive paces of growth. Moreover, Greece emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +8.2% from 2007-2018. By contrast, Italy (-4.6%) illustrated a downward trend over the same period. Spain (+23 p.p.) and Greece (+3 p.p.) significantly strengthened its position in terms of the total exports, while Italy saw its share reduced by -11 p.p. from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Spain ($1.1B) remains the largest refined olive oil supplier in the European Union, comprising 69% of total refined olive oil exports. The second position in the ranking was occupied by Italy ($283M), with a 17% share of total exports. It was followed by Portugal, with a 5.6% share.

Export Prices by Country

The refined olive oil export price in the European Union stood at $5,364 per tonne in 2018, rising by 18% against the previous year. The export price indicated a measured expansion from 2007 to 2018: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 

Average prices varied noticeably amongst the major exporting countries. In 2018, major exporting countries recorded the following prices: in Greece ($5,741 per tonne) and Italy ($5,597 per tonne), while Portugal ($4,821 per tonne) and Spain ($5,363 per tonne) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Greece, while the other leaders experienced more modest paces of growth.

Imports in the EU

In 2018, approx. 174K tonnes of refined olive oil were imported in the European Union; rising by 8.3% against the previous year. The total import volume increased at an average annual rate of +2.2% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The pace of growth appeared the most rapid in 2017 when imports increased by 14% y-o-y. Over the period under review, refined olive oil imports attained their peak figure in 2018 and are likely to see steady growth in the immediate term. In value terms, refined olive oil imports stood at $714M (IndexBox estimates) in 2018. 

Imports by Country

The countries with the highest levels of refined olive oil imports in 2018 were Italy (42K tonnes), the UK (41K tonnes) and Portugal (34K tonnes), together accounting for 67% of total import. Spain (12,353 tonnes) took the next position in the ranking, followed by France (9,565 tonnes), Germany (8,879 tonnes) and the Netherlands (8,658 tonnes). All these countries together took near 23% share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Spain, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest refined olive oil importing markets in the European Union were Italy ($214M), the UK ($145M) and Portugal ($113M), with a combined 66% share of total imports. These countries were followed by Spain, France, Germany and the Netherlands, which together accounted for a further 23%.

Import Prices by Country

In 2018, the refined olive oil import price in the European Union amounted to $4,098 per tonne, rising by 6.9% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2013 an increase of 25% year-to-year. 

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Italy ($5,037 per tonne), while Portugal ($3,344 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Italy, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Product coverage:
• Prodcom 10415310 - Refined olive oil and its fractions (excluding chemically modified)

This report provides an in-depth analysis of the refined olive oil market in the EU. 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 2025.



Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in the EU, split by region and country
• Trade (exports and imports) in the EU
• 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. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Austria
• Belgium
• Bulgaria
• Croatia
• Cyprus
• Czech Republic
• Denmark
• Estonia
• Finland
• France
• Germany
• Greece
• Hungary
• Ireland
• Italy
• Latvia
• Lithuania
• Luxembourg
• Malta
• Netherlands
• Poland
• Portugal
• Romania
• Slovakia
• Slovenia
• Spain
• Sweden
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2018–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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