Spain dominates the global export market for olive oil, capturing nearly 60% of the market, followed by Italy at 17.7%. Greece, Portugal, and Morocco have smaller shares, with Greece experiencing a significant decline of 14.31% in 2023. The United States showed robust growth of 8.56%, and emerging markets like Luxembourg witnessed a notable increase of 59%. Markets like Belgium, Australia, and Sweden faced downturns in their export shares. Over the last five years, Switzerland saw impressive growth, while Belarus fell completely out of the market.
Future trends to watch:
- Potential shifts in demand due to health trends favoring olive oil for its nutritional benefits.
- The impact of climate change on oil production in key areas, which could alter the competitive landscape.
- Economic sanctions or trade agreement changes that might influence market access for major and minor exporting countries.
- Expansion into non-traditional markets as new dietary trends emerge worldwide, offering growth opportunities for agile exporters.
Top countries in Export of Olive Oil and Fractions Blends Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 59.8 | 2023 | +3.9% | +3.98% | View data |
| 2 | 2 Italy | 17.7 | 2023 | +1.75% | +2.16% | View data |
| 3 | 3 Greece | 6 | 2023 | -0.98% | -14.31% | View data |
| 4 | 4 Portugal | 5.35 | 2023 | +4.54% | +2.82% | View data |
| 5 | 5 Morocco | 5.32 | 2023 | +5.16% | +4.53% | View data |
| 6 | 6 United Arab Emirates | 0.8 | 2023 | +5.83% | +0.7% | View data |
| 7 | 7 Austria | 0.45 | 2023 | +6.76% | +0.95% | View data |
| 8 | 8 Germany | 0.4 | 2023 | +4.56% | +3.25% | View data |
| 9 | 9 United States | 0.38 | 2023 | +3.2% | +8.56% | View data |
| 10 | 10 Lithuania | 0.35 | 2023 | +3.32% | +5.36% | View data |
