Refined Olive Oil Market

Refined olive oil market: get recently published facts and figures enhanced by an Ai-driven BI platform. Datasets include imports, market prices, consumption, market size, production, exports, trade, and companies. There is a split by country, including Africa, Latin America, the Middle East, the U.S., EU, China, the U.K., and Russia. Market dynamics and outlook to 2030 are also provided in the reports.

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Refined Olive Oil - World's Largest Markets

In value terms, China led the market, alone. The second position in the ranking was occupied by India. It was followed by the United States.

In China, the refined olive oil market increased at an average annual rate of +2.8% over the period from 2018-2020. The remaining consuming countries recorded the following average annual rates of market growth: India (+0.7% per year) and the United States (+3.7% per year).

Refined Olive Oil Prices

Refined Olive Oil - Top Importers

In value terms, the United States ($271M) constitutes the largest market for imported refined olive oil worldwide, comprising 23% of global imports. The second position in the ranking was occupied by the UK ($89M), with a 7.5% share of global imports. It was followed by Italy, with a 7.2% share.

From 2018 to 2020, the average annual growth rate of value in the United States totaled -9.6%. In the other countries, the average annual rates were as follows: the UK (-8.8% per year) and Italy (-22.5% per year).

Refined Olive Oil - Top Exporters

In value terms, Spain ($692M) remains the largest refined olive oil supplier worldwide, comprising 59% of global exports. The second position in the ranking was occupied by Italy ($208M), with a 18% share of global exports. It was followed by Portugal, with a 6.7% share.

In Spain, refined olive oil exports shrank by an average annual rate of -10.0% over the period from 2018-2020. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (-9.5% per year) and Portugal (-8.0% per year).

Refined Olive Oil - Market Forecast

Driven by rising demand for refined olive oil worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Refined Olive Oil - Product Coverage

• HS 150990 - Vegetable oils; olive oil and its fractions, other than virgin, whether or not refined, but not chemically modified

Source: IndexBox Market Intelligence Platform