In 2023, Italy led the olive oil import market, driven by high domestic demand and export-focused production. The United States followed, maintaining its position due to increasing health awareness and diverse culinary use. France, Spain, and Germany rounded out the top five, each with established gourmet and culinary cultures. Portugal, similarly gastronomically rich, showed significant growth. Japan and Brazil emerged as strong markets with growing olive oil popularity in Asian and South American cuisines. Meanwhile, the UK and Canada also showed steady import values, reflecting their diverse and health-conscious consumer bases.
Future trends indicate a growth in the Asian and Latin American markets, with Japan and Brazil expected to increase imports due to rising health consciousness and culinary diversification. The US may maintain its import levels unless domestic production markedly increases, while European countries will likely continue as major importers due to entrenched culinary traditions. Watch for advancements in global health trends and olive oil’s role in sustainable and plant-based diets, potentially boosting consumption and import values globally.
Top countries in Top Importers of Olive Oil
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 Italy | 1,930 | 2016 | |
| 2 | 2 United States | 1,330 | 2016 | |
| 3 | 3 France | 511.03 | 2016 | |
| 4 | 4 Spain | 329.26 | 2016 | |
| 5 | 5 Germany | 322.44 | 2016 | |
| 6 | 6 Portugal | 310.1 | 2016 | |
| 7 | 7 Japan | 283.99 | 2016 | |
| 8 | 8 Brazil | 279.82 | 2016 | |
| 9 | 9 United Kingdom | 266.35 | 2016 | |
| 10 | 10 Canada | 196.69 | 2016 |