Spain continues to dominate the global export of virgin olive oil with a 46.79% market share, followed by Italy at 22.08%. Spain, Portugal, and Argentina saw growth in their shares over 2023; however, Greece experienced a decline of 6.74%. Notably, smaller markets like Uruguay and Costa Rica experienced significant growth, while Poland saw a steep decrease. Moldovan exports increased dramatically by 18.22%, while Jordan's exports decreased by 23.22%.
Future trends to watch in the virgin olive oil market include the potential continued growth of emerging exporters and possible market reorientations driven by changes in regulations, environmental factors, and consumer preferences.
Top countries in Export of Virgin Olive Oil Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 46.79 | 2023 | +2.48% | +3.72% | View data |
| 2 | 2 Italy | 22.08 | 2023 | +1.62% | +1.86% | View data |
| 3 | 3 Portugal | 11.4 | 2023 | +4.62% | +3.8% | View data |
| 4 | 4 Greece | 6.37 | 2023 | +0.13% | -6.74% | View data |
| 5 | 5 Argentina | 1.53 | 2023 | +2.95% | +7.63% | View data |
| 6 | 6 Chile | 0.93 | 2023 | +3.57% | -1.04% | View data |
| 7 | 7 France | 0.79 | 2023 | +2.84% | +2.97% | View data |
| 8 | 8 Palestine | 0.78 | 2023 | +3.96% | +4.13% | View data |
| 9 | 9 Morocco | 0.67 | 2023 | +2.08% | +1.31% | View data |
| 10 | 10 Germany | 0.37 | 2023 | +2.75% | +2.25% | View data |
