Virgin Olive Oil Market

Virgin olive oil market: find newly released data empowered by an Ai-driven business intelligence platform. Data provide imports, market prices, market size, companies, production, exports, trade, and consumption. There is a breakdown by country, including Latin America, China, Africa, EU, the Middle East, the U.K., Russia, and the U.S. Market dynamics and outlook to 2030 are also featured in the snapshots.

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Virgin Olive Oil - World's Largest Markets

In value terms, the largest virgin olive oil markets worldwide were Italy, Spain and the United States, with a combined 43% share of the global market. These countries were followed by Morocco, Turkey, France, Portugal, Brazil, Germany, Algeria, Syrian Arab Republic, Tunisia and Greece, which together accounted for a further 32%.

Portugal recorded the highest growth rate of market size, among the main consuming countries over the period under review, while virgin olive oil market for the other global leaders experienced more modest paces of growth.

Virgin Olive Oil Prices

Virgin Olive Oil - Top Importers

In value terms, the largest virgin olive oil importing markets worldwide were Italy ($1.8B), the United States ($1.1B) and France ($545M), together accounting for 48% of global imports. Spain, Portugal, Germany, Brazil, Japan, Canada, China, the UK and Saudi Arabia lagged somewhat behind, together accounting for a further 33%.

Portugal recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Virgin Olive Oil - Top Exporters

In value terms, Spain ($3.1B) remains the largest virgin olive oil supplier worldwide, comprising 43% of global exports. The second position in the ranking was occupied by Italy ($1.5B), with a 21% share of global exports. It was followed by Portugal, with a 9.3% share.

In Spain, virgin olive oil exports expanded at an average annual rate of +8.6% over the period from 2019-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (+9.1% per year) and Portugal (+10.6% per year).

Virgin Olive Oil - Market Forecast

Driven by increasing demand for virgin olive oil worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2021 to 2030, which is projected to bring the market volume to by the end of 2030.

Virgin Olive Oil - Top Companies

UNI-PRESIDENT ENTERPRISES CORP., Cargill Agrícola S/A, ADM do Brasil Ltda, Louis Dreyfus Company Brasil S/A., VICENTIN S.A.I.C., Tibet Linzhi Medog County Baimagang Grain & Oil Processing Sales Co., Ltd., Cocamar - Cooperativa Agroindustrial, Bianchini S/A. Indústria, Comércio e Agricultura, Dongguan Fuzhiyuan Feedstuff Protein Development Co., Ltd., Jiu San Group Tianjin Soya Science And Technology Co., Ltd., THAI VEGETABLE OIL PUBLIC COMPANY LIMITED, Syngenta Seeds, LLC, Solae, LLC, TTET UNION CORPORATION, Bunge Sanwei Grease Co., Ltd., ABC Indústria e Comércio S/A - ABC Inco, GUJARAT AMBUJA EXPORTS LIMITED, Zhongfang Foodgrain & Cooking Oil (Dongguan) Co., Ltd., COOPERATIVA COLONIAS UNIDAS AGROPECUARIA INDUSTRIAL LIMITADA, Gushen Biological Technology Group Co., Ltd.

Virgin Olive Oil - Product Coverage

• HS 150910 - Vegetable oils; olive oil and its fractions, virgin, whether or not refined, but not chemically modified

Source: IndexBox Market Intelligence Platform