In 2023, Italy led global olive oil imports with 499,000 metric tons, though experiencing a slight year-on-year decline of 1.93%. The United States followed at 344,000 metric tons with a minimal increase of 0.23%. Spain and France accounted for 291,000 and 121,000 metric tons, showing variations of 2.84% and 0.17%, respectively. Notable declines were observed in Australia (-3.23%), Russia (-3.16%), and Brazil (-1.28%), while Iraq experienced a significant increase of 4.56%. Smaller markets such as Iraq, Morocco, and the Netherlands exhibited notable growth rates.
Future trends to watch include potential shifts in major importers like Italy and the U.S., the impact of economic fluctuations on smaller importers, and the influence of changing dietary trends and increased health consciousness globally. Market dynamics in burgeoning markets like China and Saudi Arabia could also play a pivotal role in shaping the global landscape.
Top countries in Olive Oil Import Volume by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 499 | 2023 | -1.77% | -1.93% | View data |
| 2 | 2 United States | 344 | 2023 | +0.58% | +0.23% | View data |
| 3 | 3 Spain | 291 | 2023 | +3.93% | +2.84% | View data |
| 4 | 4 France | 121 | 2023 | 0% | +0.17% | View data |
| 5 | 5 Portugal | 110 | 2023 | 0% | -0.36% | View data |
| 6 | 6 Brazil | 75 | 2023 | 0% | -1.28% | View data |
| 7 | 7 United Kingdom of Great Britain and Northern Ireland | 70 | 2023 | |||
| 8 | 8 Germany | 69 | 2023 | 0% | -0.29% | View data |
| 9 | 9 Japan | 60 | 2023 | 0% | 0% | View data |
| 10 | 10 China | 53 | 2023 | 0% | +0.38% | View data |
