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

RatingCountry
1Italy
2Spain
3United States
4Morocco
5Turkey

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

Lowest Prices - FOB - Top Exporters

COUNTRY201920202021CAGR,
2019-2021
USD per ton
Syrian Arab Republic216719242038-3.0%
Tunisia287722552446-7.8%
Turkey2908261430071.7%
Portugal3461321637684.3%
Spain31002955379110.6%
Greece3852325143686.5%
Italy5055448752371.8%
Average3466313038325.1%

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Italy ($5,237 per ton), while Syrian Arab Republic ($2,038 per ton) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Spain, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201920202021CAGR,
2019-2021
USD per ton
Japan4795434949942.1%
Germany4842452449581.2%
Brazil454040174352-2.1%
United Kingdom3711315742697.3%
United States4138348041670.3%
Canada430737824164-1.7%
France3807340041113.9%
China384035103680-2.1%
Saudi Arabia323427763007-3.6%
Italy2790254429022.0%
Portugal2758242227630.1%
Spain2463218024870.5%
Average3510310435310.3%

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Japan ($4,994 per ton), while Spain ($2,487 per ton) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by the UK, while the other global leaders experienced more modest paces of growth.

Virgin Olive Oil - Top Importers

COUNTRY201920202021CAGR,
2019-2021
billion USD
Italy1.51.51.89.5%
United States111.14.2%
France0.40.50.510.8%
Spain0.30.50.523.5%
Portugal0.30.30.423.6%

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

COUNTRY201920202021CAGR,
2019-2021
billion USD
Spain2.62.63.18.6%
Italy1.31.41.59.1%
Portugal0.60.60.710.6%
Greece0.40.50.733.8%
Tunisia0.40.80.617.7%

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
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World - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the global virgin olive oil market.

South-Eastern Asia - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the virgin olive oil market in South-Eastern Asia.

Central Asia - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the virgin olive oil market in Central Asia.

Northern America - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the virgin olive oil market in Northern America.

Southern Asia - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the virgin olive oil market in Southern Asia.

Africa - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the virgin olive oil market in Africa.

Middle East - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the virgin olive oil market in the Middle East.

Latin America and the Caribbean - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the virgin olive oil market in Latin America and the Caribbean.

Eastern Asia - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the virgin olive oil market in Eastern Asia.

Australia and Oceania - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the virgin olive oil market in Australia and Oceania.

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