Spain - Refined Olive Oil - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingRefined Olive Oil Price in Spain - 2023
Contents:
- Refined Olive Oil Price in Spain (FOB) - 2023
- Refined Olive Oil Price in Spain (CIF) - 2022
- Refined Olive Oil Exports in Spain
- Refined Olive Oil Imports in Spain
Refined Olive Oil Price in Spain (FOB) - 2023
The average refined olive oil export price stood at $6,755 per ton in August 2023, with an increase of 5.3% against the previous month. Over the period under review, export price indicated a buoyant increase from August 2022 to August 2023: its price increased at an average monthly rate of +5.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, refined olive oil export price increased by +80.3% against August 2022 indices. The pace of growth appeared the most rapid in December 2022 an increase of 11% against the previous month. The export price peaked in August 2023.
Average prices varied somewhat for the major export markets. In August 2023, the countries with the highest prices were India ($8,275 per ton) and China ($7,626 per ton), while the average price for exports to France ($5,565 per ton) and the UK ($6,221 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.
Refined Olive Oil Price in Spain (CIF) - 2022
The average refined olive oil import price stood at $3,388 per ton in 2022, rising by 23% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refined olive oil import price increased by +77.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 44%. Over the period under review, average import prices attained the maximum at $3,429 per ton in 2016; afterwards, it flattened through to 2022.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($5,489 per ton), while the price for Greece ($1,535 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Refined Olive Oil Exports in Spain
In 2022, exports of refined olive oil from Spain surged to 297K tons, growing by 16% against the year before. The total export volume increased at an average annual rate of +14.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 37%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, refined olive oil exports skyrocketed to $1.2B in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.9% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Refined Olive Oil in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 134 | 166 | 199 | 239 | 21.3% |
| Italy | 96.0 | 94.8 | 127 | 224 | 32.6% |
| Portugal | 63.0 | 64.6 | 93.6 | 142 | 31.1% |
| France | 6.4 | 4.6 | 7.6 | 63.2 | 114.5% |
| United Kingdom | 44.5 | 56.1 | 46.8 | 61.5 | 11.4% |
| China | 26.0 | 19.9 | 33.7 | 44.6 | 19.7% |
| Australia | 30.1 | 37.7 | 30.4 | 42.2 | 11.9% |
| Japan | 47.6 | 38.4 | 40.0 | 40.1 | -5.6% |
| Germany | 9.9 | 5.6 | 9.2 | 27.3 | 40.2% |
| Netherlands | 18.2 | 18.6 | 22.4 | 26.8 | 13.8% |
| India | 15.5 | 19.3 | 31.0 | 23.9 | 15.5% |
| Morocco | 5.8 | 6.7 | 10.7 | 18.5 | 47.2% |
| Others | 141 | 159 | 187 | 199 | 12.2% |
| Total | 637 | 691 | 838 | 1,153 | 21.9% |
Top Export Markets for Refined Olive Oil from Spain in 2022:
- Italy (61.5K tons)
- United States (59.0K tons)
- Portugal (38.6K tons)
- France (17.9K tons)
- United Kingdom (16.9K tons)
- China (11.8K tons)
- Australia (10.2K tons)
- Japan (10.1K tons)
- Germany (7.3K tons)
- Netherlands (6.9K tons)
- Morocco (5.1K tons)
- India (4.6K tons)
Refined Olive Oil Imports in Spain
Refined olive oil imports into Spain soared to 29K tons in 2022, jumping by 243% on the previous year's figure. In general, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, refined olive oil imports soared to $97M in 2022. Over the period under review, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Refined Olive Oil in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 4.8 | 3.9 | 16.0 | 72.8 | 147.5% |
| Italy | 1.9 | 4.8 | 2.7 | 13.8 | 93.7% |
| Turkey | 1.5 | 2.1 | 0.4 | 3.7 | 35.1% |
| Tunisia | 3.2 | 2.4 | 3.1 | 2.9 | -3.2% |
| Greece | N/A | 0.1 | 0.2 | 2.5 | 400.0% |
| Others | 2.5 | 1.1 | 0.5 | 1.3 | -19.6% |
| Total | 13.9 | 14.2 | 22.9 | 96.9 | 91.0% |
Top Suppliers of Refined Olive Oil to Spain in 2022:
- Portugal (21.6K tons)
- Italy (3.5K tons)
- Greece (1.6K tons)
- Turkey (0.9K tons)
- Tunisia (0.7K tons)
This report provides an in-depth analysis of the refined olive oil market in Spain. 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:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- 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.
-
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
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
-
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
-
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
-
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
-
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
412
This report provides an in-depth analysis of the refined olive oil market in Spain.
1052
This report provides an in-depth analysis of the virgin olive oil market in Spain.
400
This report provides an in-depth analysis of the olive oil market in Spain.
554
This report provides an in-depth analysis of the global refined olive oil market.
5049
This report provides an in-depth analysis of the global virgin olive oil market.
557
This report provides an in-depth analysis of the global olive oil market.
412
This report provides an in-depth analysis of the refined olive oil market in Spain.
1052
This report provides an in-depth analysis of the virgin olive oil market in Spain.
400
This report provides an in-depth analysis of the olive oil market in Spain.
554
This report provides an in-depth analysis of the global refined olive oil market.
140
In March 2023, exports of Refined Olive Oil experienced a significant rate of growth, with a month-to-month increase of 40%. The value of these exports, however, decreased to $134M in October 2023.
448
In January 2023, the refined olive oil price amounted to $5,134 per ton (FOB, Spain), increasing by 3.3% against the previous month. Overseas shipments of refined olive oil decreased by -6.8% to 17K tons, falling for the fourth month in a row after two months of growth. Portugal, Italy, and the United States were the main destinations of refined olive oil exports from Spain, together accounting for 48% of total exports.
452
Discover the top import markets for virgin olive oil and their importance in the global market. Italy, the United States, Spain, France, and Brazil lead the way, driven by culinary culture and health-conscious consumers.
721
The global virgin olive oil market revenue amounted to $15.2B in 2018, picking up by 1.7% against the previous year. This ...
3385
In 2017, approx. X tons of virgin olive oil was consumed worldwide, a decline of -X% against the previous year.
5677
Global virgin olive oil consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
2154
In 2015, the country with the largest volume of the virgin olive oil output was Spain (X thousand tons), accounting for X% of global production.
1288
Spain continued its dominance in the global olive oil trade. In 2014, Spain exported X thousand tons of olive oil totaling X million USD, X% over the previous year. Its primary trading partner was Italy, where it supplied X% of its total oliv
1464
The olive oil industry, connected, as it is, to a product that has long been acknowledged to contain extraordinary health properties, has always thrived in the countries of the Mediterranean region. The Omega-X monounsaturated fatty acids and antioxida
140
In March 2023, exports of Refined Olive Oil experienced a significant rate of growth, with a month-to-month increase of 40%. The value of these exports, however, decreased to $134M in October 2023.
