Latest Report Update: Jun 1, 2023
U.S. - Refined Olive Oil - Market Analysis, Forecast, Size, Trends And Insights
Subscription
Online access and download
from $280/month
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
Article Publishing Date: May 15, 2023
Refined Olive Oil Price in United States Peaks at $5,034 per Ton
U.S. Refined Olive Oil Import Price in March 2023
In March 2023, the refined olive oil price stood at $5,034 per ton (CIF, US), surging by 3% against the previous month. Over the period from March 2022 to March 2023, it increased at an average monthly rate of +2.2%. The pace of growth was the most pronounced in December 2022 an increase of 13% against the previous month. The import price peaked in March 2023.
Average prices varied somewhat amongst the major supplying countries. In March 2023, the highest price was recorded for prices from Italy ($5,703 per ton) and Spain ($4,911 per ton), while the price for Greece ($4,282 per ton) and Tunisia ($4,702 per ton) were amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Greece (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.
| COUNTRY | Import Price of Refined Olive Oil in U.S. (USD per ton) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | |
| Italy | 4,219 | 4,253 | 4,306 | 4,522 | 4,457 | 4,614 | 4,280 | 4,533 | 4,447 | 4,723 | 5,044 | 5,442 | 5,703 |
| Spain | 3,757 | 3,686 | 3,659 | 4,194 | 3,825 | 3,839 | 3,943 | 3,995 | 4,025 | 4,424 | 4,589 | 5,402 | 4,911 |
| Turkey | 3,581 | 3,701 | 3,922 | 3,284 | 3,093 | 3,274 | 3,766 | 3,267 | 3,740 | 5,438 | 4,060 | 4,150 | 4,707 |
| Tunisia | 4,117 | 3,541 | 3,842 | 4,169 | 3,859 | 3,737 | 4,055 | 3,895 | 4,029 | 4,066 | 3,969 | 4,037 | 4,702 |
| Greece | 3,067 | 2,213 | 4,168 | 3,207 | 3,412 | 3,016 | 2,924 | 4,277 | 4,283 | 3,913 | 6,422 | 4,511 | 4,282 |
| Average | 3,899 | 3,885 | 3,802 | 4,132 | 3,908 | 3,900 | 4,103 | 3,977 | 4,046 | 4,589 | 4,392 | 4,888 | 5,034 |
U.S. Refined Olive Oil Imports
In March 2023, the amount of refined olive oil imported into the United States rose markedly to 9.4K tons, with an increase of 13% against February 2023 figures. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 when imports increased by 87% month-to-month.
In value terms, refined olive oil imports skyrocketed to $47M (IndexBox estimates) in March 2023. Over the period under review, total imports indicated a pronounced increase from March 2022 to March 2023: its value increased at an average monthly rate of +2.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2023 figures, imports increased by +89.6% against December 2022 indices. The most prominent rate of growth was recorded in October 2022 when imports increased by 82% against the previous month.
U.S. Refined Olive Oil Imports by Country
Spain (4.3K tons), Turkey (2.5K tons) and Italy (1.5K tons) were the main suppliers of refined olive oil imports to the United States, with a combined 88% share of total imports.
From March 2022 to March 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +12.0%), while imports for the other leaders experienced more modest paces of growth.
In value terms, the largest refined olive oil suppliers to the United States were Spain ($21M), Turkey ($12M) and Italy ($8.5M), with a combined 88% share of total imports.
Turkey, with a CAGR of +14.6%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the refined olive oil market in the U.S.. 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:
• United States
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• 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
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
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
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
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
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2012-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2022
Figure 5:
Trade Balance, In Physical Terms, 2012-2022
Figure 6:
Trade Balance, In Value Terms, 2012-2022
Figure 7:
Per Capita Consumption, 2012-2022
Figure 8:
Market Volume Forecast to 2030
Figure 9:
Market Value Forecast to 2030
Figure 10:
Products: Market Size And Growth, By Type
Figure 11:
Products: Average Per Capita Consumption, By Type
Figure 12:
Products: Exports And Growth, By Type
Figure 13:
Products: Export Prices And Growth, By Type
Figure 14:
Production Volume And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2012–2022
Figure 22:
Production, In Value Terms, 2012–2022
Figure 23:
Imports, In Physical Terms, 2012–2022
Figure 24:
Imports, In Value Terms, 2012–2022
Figure 25:
Imports, In Physical Terms, By Country, 2022
Figure 26:
Imports, In Physical Terms, By Country, 2012–2022
Figure 27:
Imports, In Value Terms, By Country, 2012–2022
Figure 28:
Import Prices, By Country Of Origin, 2012–2022
Figure 29:
Exports, In Physical Terms, 2012–2022
Figure 30:
Exports, In Value Terms, 2012–2022
Figure 31:
Exports, In Physical Terms, By Country, 2022
Figure 32:
Exports, In Physical Terms, By Country, 2012–2022
Figure 33:
Exports, In Value Terms, By Country, 2012–2022
Figure 34:
Export Prices, By Country Of Destination, 2012–2022
Webinar: Decarbonisation and Your Business Strategy - Zero Net Carbon Buildings
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, February 22nd, 2022 @ 04:00 pm ET
Webinar: Decarbonisation and Your Business Strategy - Tools and Marketplaces
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, February 8th, 2022 @ 04:00 pm ET
Webinar: Decarbonisation and Your Business Strategy - Steps and Practices
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, January 25th, 2022 @ 04:00 pm ET
•
•
•
