Key Market Indicators
Consumption of Olive Oil in Portugal is projected to remain stable at 65,000 metric tons in 2026, the same as 2021. Since 2017, Portugal's demand has fallen by 0.5% each year. In 2021, the country was ranked ninth in the world, with Brazil surpassing them at 65,000 metric tons. Spain, the United States, and Greece ranked second, third, and fourth, respectively. Production of Olive Oil in Portugal is estimated to reach 150,150 metric tons by 2026, up from 129,880 metric tons in 2021. This represents a steady increase of 2.4% each year since 1966. In 2021, the country was ranked sixth in the world, with Morocco surpassing them at 129,880 metric tons. Greece, Italy, and Tunisia ranked second, third, and fourth, respectively.