Italy remains the leader in European imports of Virgin Olive Oil in 2024 with a 38.3% share, though it has experienced a significant decline of 5.72% from 2023. Spain, holding the second position with 20.37%, shows a modest increase of 1.61%. France, Portugal, and Germany follow with shares of 11.89%, 9.77%, and 7.11% respectively, all showing positive trends in the past year, with Germany having the highest growth of 5.8%. The Netherlands, Sweden, and Austria, despite smaller market shares, have shown substantial increases, with the Netherlands leading at 12.43% year-on-year growth.
Future trends to watch include:
- Continued growth in smaller markets such as the Netherlands, Sweden, and Austria due to rising consumer demand.
- Potential market share retraction in leading importers like Italy, which has experienced a notable decline.
- Growing health consciousness and preference for Mediterranean diets might elevate overall demand across Europe.
- Shifts in import patterns driven by changes in local production, climatic conditions, and trade policies that may affect oil availability and prices.
Top countries in Import of Virgin Olive Oil Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 38.3 | 2023 | -2.18% | -5.72% | View data |
| 2 | 2 Spain | 20.37 | 2023 | +9.97% | +1.61% | View data |
| 3 | 3 France | 11.89 | 2023 | +4.83% | +2.96% | View data |
| 4 | 4 Portugal | 9.77 | 2023 | +3.71% | +1.28% | View data |
| 5 | 5 Germany | 7.11 | 2023 | +7.55% | +5.8% | View data |
| 6 | 6 Belgium | 1.9 | 2023 | +7.7% | -0.1% | View data |
| 7 | 7 Netherlands | 1.54 | 2023 | +9.63% | +12.43% | View data |
| 8 | 8 Sweden | 1.04 | 2023 | +9.53% | +10.3% | View data |
| 9 | 9 Austria | 0.9 | 2023 | +10.47% | +12.17% | View data |
| 10 | 10 Denmark | 0.41 | 2023 | +1.43% | +0.12% | View data |
