Key Market Indicators
Uruguay's olive oil consumption is forecast to drop by 1.4% annually between 2021 and 2026, remaining flat since 2017. The country will rank 63rd in 2021 with 0.94 million metric tons, behind Bosnia and Herzegovina at 1 million metric tons. Spain, the United States, and Greece are numbers two, three, and four, respectively. Uruguay's olive oil production is expected to decline by 5% annually between 2021 and 2026, rising by 12.7% since 2017. It will rank 28th in 2021 with 318 metric tons, behind Slovenia at 429 metric tons. Greece, Italy, and Tunisia take the second, third, and fourth positions, respectively.
