Key Market Indicators
Uruguay's olive consumption is predicted to decline by 3.6% annually until 2026, from 6 thousand metric tons in 2021 to 5 thousand metric tons. In the five years since 2017, the country's demand has decreased by 5%. Belgium has surpassed Uruguay in 2021, with 6 thousand metric tons. Italy, the US, and Greece are the top three countries in this ranking. Uruguay's olive production is expected to increase by 3.7% year-on-year until 2026, rising from 24,160 metric tons in 2021 to 30,030 metric tons. Since 1966, the country's supply has increased 9.8%. Mexico has overtaken Uruguay in 2021, with 24,160 metric tons. Italy, Morocco, and Greece are the top three countries in this ranking.
