Key Market Indicators
Consumption of olives in Greece is expected to remain stable over the next five years, with 179,000 metric tons anticipated in 2026. In 2021, the United States overtook Greece in terms of olive consumption, coming in fourth place with 179,000 metric tons. Italy, the United States and Greece respectively ranked second, third and fourth. Meanwhile, production of olives in Greece is expected to decrease over the next five years, falling from 1.13 million metric tons in 2021 to 610,400 metric tons in 2026, a drop of 10.2% year-on-year. Since 1966, the Greek olive production has declined by 16.4% year-on-year. Morocco overtook Greece in terms of production in 2021, with Italy, Morocco and Greece respectively ranking second, third and fourth.