Key Market Indicators
Consumption of olives in Australia is forecast to drop 2.2% annually to 17,000 metric tons by 2026. This is down from the 20,000 metric tons consumed in 2021. Compared to 2017, demand has risen by 3.6% each year. In 2021, Australia was ranked 22nd in global consumption, with Lebanon ahead at 20,000 metric tons. Italy, the US and Greece made up the top three. Australian olive production is projected to grow 1.4% each year to 102,470 metric tons by 2026. This is an increase from the 94,680 metric tons produced in 2021. Since 1966, supply has risen by 1.8% annually. In 2021, Australia was ranked 20th, with Israel ahead at 94,680 metric tons. Italy, Morocco and Greece made up the top three.
