France: Refined Olive Oil Market 2022

Refined Olive Oil Market Size in France

The French refined olive oil market rose modestly to $X in 2021, surging by X% against the previous year. Over the period under review, consumption recorded a noticeable setback. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Refined Olive Oil Production in France

In value terms, refined olive oil production rose markedly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Refined Olive Oil Exports

Exports from France

For the third year in a row, France recorded growth in shipments abroad of refined olive oil, which increased by X% to X tons in 2021. Over the period under review, total exports indicated a modest expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in years to come.

In value terms, refined olive oil exports skyrocketed to $X in 2021. In general, total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Belgium (X tons), Germany (X tons) and Switzerland (X tons) were the main destinations of refined olive oil exports from France, together comprising X% of total exports. These countries were followed by Sweden, the United States and Austria, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) remains the key foreign market for refined olive oil exports from France, comprising X% of total exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports. It was followed by Switzerland, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Belgium amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and Switzerland (+X% per year).

Export Prices by Country

In 2021, the average refined olive oil export price amounted to $X per ton, approximately equating the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Refined Olive Oil Imports

Imports into France

In 2021, imports of refined olive oil into France declined rapidly to X tons, dropping by -X% against the previous year. Over the period under review, imports continue to indicate a pronounced decline. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, refined olive oil imports declined notably to $X in 2021. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Spain (X tons) constituted the largest refined olive oil supplier to France, with a X% share of total imports. Moreover, refined olive oil imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. Morocco (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Spain stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-X% per year) and Morocco (+X% per year).

In value terms, Spain ($X) constituted the largest supplier of refined olive oil to France, comprising X% of total imports. The second position in the ranking was occupied by Italy ($X), with a X% share of total imports. It was followed by Morocco, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-X% per year) and Morocco (+X% per year).

Import Prices by Country

In 2021, the average refined olive oil import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price posted a measured increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were Spain ($X per ton) and Italy ($X per ton), while the price for Portugal ($X per ton) and Morocco ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform