Key Market Indicators
Consumption of olives in Spain is projected to reach 208,000 metric tons by 2026. This is up from 159,000 metric tons in 2021, representing a 4.2% year-on-year growth rate. Since 2018, demand for olives in Spain has increased by 4.6% year-on-year. In 2021, the country ranked 6th in the world in terms of olive consumption, with Algeria coming in ahead at 159,000 metric tons. Italy, the United States, and Greece were ranked 2nd, 3rd, and 4th respectively. Meanwhile, Spanish olive production is projected to reach 7.19 million metric tons by 2026, up from 7.04 million metric tons in 2021. This would represent an average annual growth rate of 0.5%. Since 1966, Spanish olive production has decreased by 0.1% year-on-year. Italy, Morocco, and Greece were ranked 2nd, 3rd, and 4th respectively in terms of production.
