Key Market Indicators
Italian olive oil consumption is predicted to drop slightly by 2026, reaching 529,000 metric tons. This is compared to 551,000 metric tons in 2021, a decrease of 0.7% year on year. Since 2017, Italian demand has grown by 0.1%. Spain, the US and Greece make up the top three countries for this ranking. Meanwhile, Italian olive oil production is predicted to drop to 166,160 metric tons by 2026, a decrease of 7% year on year. This is in comparison to 251,860 metric tons in 2021. Since 1966, Italian supply has declined by 3.4%, with Greece overtaking Italy in 2021 with 251,860 metric tons. Greece, Italy and Tunisia make up the top four countries in this ranking.
