Global Olive Oil Export Volume by Country

The 2024 forecasted data for global olive oil export volume by country indicates a significant dominance by Spain with 944 thousand metric tons, followed by Italy at 307 thousand metric tons, Tunisia at 251 thousand metric tons, and Greece at 231 thousand metric tons. Notable year-on-year variations highlight a slight decline for Spain and Italy at -1.38% and -1.73% respectively, while Tunisia and Greece are experiencing modest growth of 0.65% and 2.42%. Argentina and Malaysia are showing robust increases in export volumes with 6.96% and 5.92% respectively, signaling emerging players in the market.

The cumulative annual growth rate (CAGR) over the last five years shows a stable trend with minor fluctuations among major exporters. Diversification in new markets is observed with countries like the United States, which is seeing a 2.71% annual increase. Emerging markets within the data set, such as Malaysia and Lebanon, with notable annual increases, suggest potential shifts in global suppliers.

Future trends to watch include potential market expansions by non-traditional olive oil exporters like Argentina and Malaysia. Additionally, environmental factors and market dynamics within dominant countries like Spain and Italy will play critical roles in shaping the global olive oil export landscape. The impact of technological advancements in agricultural practices and possible trade policy changes should also be monitored closely.