The European Olive Oil Real Price Index reveals notable disparities among countries in 2024. Cyprus leads with the highest index value, closely followed by Italy and Greece. Portugal, Croatia, and Spain are mid-range, with Spain showing significant growth from 2022. Slovenia lags behind with the lowest index. Comparing year-on-year changes, Spain's index surged by 13.97% in 2022, while Portugal also experienced a substantial increase. Cyprus and Slovenia saw slight decreases, indicating market stability but varying national dynamics.
Looking forward, watch for:
- Impact of climatic changes on olive oil production and price fluctuations.
- Potential market expansion into non-traditional countries.
- Consumer preference shifts towards sustainable and premium products influencing price dynamics.
- Policy changes within the EU that may affect trade and pricing strategies.
Top countries in Olive Oil Real Price Index by Country
| # | 7 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Cyprus | 106.34 | 2022 | +3.68% | -0.25% | View data |
| 2 | 2 Italy | 100.18 | 2022 | +2.12% | +1.46% | View data |
| 3 | 3 Greece | 98.79 | 2022 | +13.06% | +4.06% | View data |
| 4 | 4 Portugal | 98.43 | 2022 | +11.99% | +7.01% | View data |
| 5 | 5 Croatia | 97.87 | 2022 | -1.87% | +3.38% | View data |
| 6 | 6 Spain | 97.14 | 2022 | +18.19% | +13.97% | View data |
| 7 | 7 Slovenia | 86.93 | 2022 | -8.95% | -0.11% | View data |
