In 2023, Italy stands as the largest importer of olive oil, followed by the United States and Spain, showcasing each country's strong preference and demand for this product. Notably, Italy and Brazil experienced a decrease in import volumes, while Spain saw a significant increase of 2.84%, highlighting variations in consumption trends. Countries like Saudi Arabia and the Netherlands experienced modest growth, reflecting a diversification of consumption markets. On the other hand, drastic declines were observed in import volumes from Angola, Ukraine, and the Dominican Republic, while stable imports characterized most other countries.
Looking ahead, the growth trajectory in the United States and Spain implies these markets could strengthen further with rising health consciousness and culinary innovations. Observers should watch for potential shifts in Asia, with China and Japan poised for growth, reflecting changing dietary habits. Potential economic and geopolitical factors could impact the olive oil trade flow, notably affecting European and Middle Eastern markets.
Top countries in Olive Oil Import Volume Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 22.72 | 2023 | -1.77% | -1.93% | View data |
| 2 | 2 United States | 15.66 | 2023 | +0.58% | +0.23% | View data |
| 3 | 3 Spain | 13.25 | 2023 | +3.93% | +2.84% | View data |
| 4 | 4 France | 5.51 | 2023 | 0% | +0.17% | View data |
| 5 | 5 Portugal | 5.01 | 2023 | 0% | -0.36% | View data |
| 6 | 6 Brazil | 3.42 | 2023 | 0% | -1.28% | View data |
| 7 | 7 United Kingdom of Great Britain and Northern Ireland | 3.19 | 2023 | |||
| 8 | 8 Germany | 3.14 | 2023 | 0% | -0.29% | View data |
| 9 | 9 Japan | 2.73 | 2023 | 0% | 0% | View data |
| 10 | 10 China | 2.41 | 2023 | 0% | +0.38% | View data |
