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EU - Refined Olive Oil - Market Analysis, Forecast, Size, Trends And Insights
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EU: Refined Olive Oil Market Overview 2021

Refined Olive Oil Market Size in the EU

The EU refined olive oil market reduced to $X in 2019, which is down by -X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when the market value increased by X% y-o-y. As a result, consumption reached the peak level of $X. From 2009 to 2019, the growth of the market remained at a lower figure.

Refined Olive Oil Production in the EU

In value terms, refined olive oil production fell to $X in 2019 estimated in export prices. Overall, production showed a slight curtailment. The pace of growth appeared the most rapid in 2008 when the production volume increased by X% year-to-year. As a result, production attained the peak level of $X. From 2009 to 2019, production growth remained at a somewhat lower figure.

Production By Country in the EU

Spain (X tonnes) remains the largest refined olive oil producing country in the European Union, comprising approx. X% of total volume. Moreover, refined olive oil production in Spain exceeded the figures recorded by the second-largest producer, Germany (X tonnes), threefold. The third position in this ranking was occupied by Italy (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume in Spain was relatively modest. In the other countries, the average annual rates were as follows: Germany (+X% per year) and Italy (+X% per year).

Refined Olive Oil Exports

Exports in the EU

For the third year in a row, the European Union recorded decline in shipments abroad of refined olive oil, which decreased by -X% to X tonnes in 2019. The total export volume increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, exports attained the peak of X tonnes. From 2015 to 2019, the growth exports failed to regain the momentum.

In value terms, refined olive oil exports reduced notably to $X in 2019. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. The level of export peaked at $X in 2017; however, from 2018 to 2019, exports remained at a lower figure.

Exports by Country

Spain was the major exporter of refined olive oil in the European Union, with the volume of exports resulting at X tonnes, which was near X% of total exports in 2019. Italy (X tonnes) ranks second in terms of the total exports with a X% share, followed by Greece (X%) and Portugal (X%).

From 2007 to 2019, average annual rates of growth with regard to refined olive oil exports from Spain stood at +X%. At the same time, Greece (+X%) displayed positive paces of growth. Moreover, Greece emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +X% from 2007-2019. Portugal experienced a relatively flat trend pattern. By contrast, Italy (-X%) illustrated a downward trend over the same period. From 2007 to 2019, the share of Spain and Greece increased by +X% and +X% percentage points, while Italy (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Spain ($X) remains the largest refined olive oil supplier in the European Union, comprising X% of total exports. The second position in the ranking was occupied by Italy ($X), with a X% share of total exports. It was followed by Greece, with a X% share.

In Spain, refined olive oil exports expanded at an average annual rate of +X% over the period from 2007-2019. In the other countries, the average annual rates were as follows: Italy (-X% per year) and Greece (+X% per year).

Export Prices by Country

In 2019, the refined olive oil export price in the European Union amounted to $X per tonne, declining by -X% against the previous year. Overall, the export price recorded a slight slump. The pace of growth appeared the most rapid in 2013 when the export price increased by X% against the previous year. Over the period under review, export prices hit record highs at $X per tonne in 2017; however, from 2018 to 2019, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Greece ($X per tonne), while Spain ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Greece, while the other leaders experienced a decline in the export price figures.

Refined Olive Oil Imports

Imports in the EU

In 2019, overseas purchases of refined olive oil decreased by -X% to X tonnes for the first time since 2016, thus ending a two-year rising trend. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at X tonnes in 2018, and then fell notably in the following year.

In value terms, refined olive oil imports shrank markedly to $X in 2019. Overall, imports continue to indicate a mild decrease. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. As a result, imports reached the peak of $X. From 2018 to 2019, the growth imports remained at a somewhat lower figure.

Imports by Country

Italy (X tonnes), Portugal (X tonnes) and the UK (X tonnes) represented roughly X% of total imports of refined olive oil in 2019. It was distantly followed by the Netherlands (X tonnes) and Germany (X tonnes), together comprising a X% share of total imports. Spain (X tonnes), Belgium (X tonnes), Austria (X tonnes) and France (X tonnes) held a minor share of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Austria, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest refined olive oil importing markets in the European Union were Italy ($X), the UK ($X) and Portugal ($X), together accounting for X% of total imports. These countries were followed by the Netherlands, Germany, Austria, Spain, Belgium and France, which together accounted for a further X 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 leaders experienced more modest paces of growth.

Import Prices by Country

The refined olive oil import price in the European Union stood at $X per tonne in 2019, falling by -X% against the previous year. Overall, the import price saw a mild contraction. The most prominent rate of growth was recorded in 2013 an increase of X% y-o-y. Over the period under review, import prices hit record highs at $X per tonne in 2017; however, from 2018 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Austria ($X per tonne), while Portugal ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined olive oil in the the EU?
+
The countries with the highest volumes of refined olive oil consumption in 2019 were Spain (225K tonnes), Germany (126K tonnes) and France (96K tonnes), with a combined 58% share of total consumption. These countries were followed by Italy, Poland, the UK, the Netherlands, Belgium, Romania, the Czech Republic, Sweden, Greece and Portugal, which together accounted for a further 35%.
What are the largest producers of refined olive oil in the the EU?
+
Spain (417K tonnes) remains the largest refined olive oil producing country in the European Union, comprising approx. 45% of total volume. Moreover, refined olive oil production in Spain exceeded the figures recorded by the second-largest producer, Germany (121K tonnes), threefold. Italy (108K tonnes) ranked third in terms of total production with a 12% share.
What are the leading exporters of refined olive oil in the the EU?
+
In value terms, Spain ($638M) remains the largest refined olive oil supplier in the European Union, comprising 62% of total exports. The second position in the ranking was occupied by Italy ($192M), with a 19% share of total exports. It was followed by Greece, with a 9.4% share.
What are the leading importers of refined olive oil in the the EU?
+
In value terms, Italy ($83M), the UK ($80M) and Portugal ($69M) were the countries with the highest levels of imports in 2019, with a combined 57% share of total imports. These countries were followed by the Netherlands, Germany, Austria, Spain, Belgium and France, which together accounted for a further 31%.
What is the average export price for refined olive oil in the the EU?
+
The refined olive oil export price in the European Union stood at $3,535 per tonne in 2019, waning by -16% against the previous year.
What is the average import price for refined olive oil in the the EU?
+
The refined olive oil import price in the European Union stood at $2,973 per tonne in 2019, dropping by -19.7% against the previous year.

Product coverage:
• Prodcom 10415310 - Refined olive oil and its fractions (excluding chemically modified)

This report provides an in-depth analysis of the refined olive oil market in the EU. 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.



Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in the EU, split by region and country
• Trade (exports and imports) in the EU
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Austria
• Belgium
• Bulgaria
• Croatia
• Cyprus
• Czech Republic
• Denmark
• Estonia
• Finland
• France
• Germany
• Greece
• Hungary
• Ireland
• Italy
• Latvia
• Lithuania
• Luxembourg
• Malta
• Netherlands
• Poland
• Portugal
• Romania
• Slovakia
• Slovenia
• Spain
• Sweden
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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