World - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights
Which Country Produces the Most Virgin Olive Oil in the World?
In 2015, the country with the largest volume of the virgin olive oil output was Spain (2,471 thousand tonnes), accounting for 70% of global production. Moreover, virgin olive oil output in Spain exceeded the figures recorded by the world's second largest producer, Italy (211 thousand tonnes), more than tenfold. The third position in this ranking was occupied by Tunisia with a share of 5%.
From 2007 to 2015, an average annual growth rate of virgin olive oil producton in Spain stood at +9.5%. The remaining producing countries recorded the following average annual growth rates: Italy (-11.8% per year) and Tunisia (-1.7% per year).
Top 10 Virgin Olive Oil Producing Countries in the World
1. Spain (2,471K Tonnes)
2. Italy (211K Tonnes)
3. Tunisia (174K Tonnes)
4. Greece (157K Tonnes)
5. Morocco (142K Tonnes)
6. Portugal (71K Tonnes)
7. Algeria (59K Tonnes)
8. Syrian Arab Republic (58K Tonnes)
9. Egypt (25K Tonnes)
10. Argentina (25K Tonnes)
Global Virgin Olive Oil Production
Global virgin olive oil production amounted to 3,555 thousand tonnes in 2015, rising by +17.5% against the previous year level. Overall, the global virgin olive oil output pursued a pronounced growth from 2007 to 2015. The trend pattern, however, indicated some noticable fluctuations throughout the analyzed period. The total output figures increased at an average annual rate of +3.2%. The growth pace was the most rapid in 2013, when the output figure increased by +42% from the previous year level. Over the period under review, the global virgin olive oil production reached its maximum volume in 2015, and is likely to continue its growth in the immediate term.
Over the analyzed period, an increase in global virgin olive oil production was primarily driven by disposable income growth and growth of medical care and personal care products. Furthermore, these key drivers are expected to continue promoting the virgin olive oil output in the immediate term.
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Source: IndexBox AI 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 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
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Choosing the Best Countries to Establish Your Sustainable Supply Chain
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The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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