In 2023, Spain dominated the global olive oil market with a production share of 53.55 thousand metric tons, showing a year-on-year growth of 1.97%. Greece and Italy follow with 10.12 and 6.39 thousand metric tons, reflecting growth rates of 1.32% and 2.06%, respectively. Tunisia at 7.14 thousand metric tons saw a decline of 0.36%. Noteworthy growth includes Portugal at 4.92% and the United States at 4.56%. Over the last five years, compound annual growth rates indicate stability and modest increases across most key producing countries.
Future trends to monitor include:
- Sustainability practices impacting production methods.
- Technological advancements improving efficiency.
- Influence of climate change on yield consistency.
- Expansion opportunities for emerging producers like Argentina and the United States.
Top countries in Olive Oil Production Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 53.55 | 2023 | +3.33% | +1.97% | View data |
| 2 | 2 Greece | 10.12 | 2023 | +1.55% | +1.32% | View data |
| 3 | 3 Tunisia | 7.14 | 2023 | +1.84% | -0.36% | View data |
| 4 | 4 Italy | 6.39 | 2023 | -2.75% | +2.06% | View data |
| 5 | 5 Morocco | 4.84 | 2023 | +1.62% | 0% | View data |
| 6 | 6 Portugal | 3.86 | 2023 | +2.74% | +4.92% | View data |
| 7 | 7 Algeria | 2.91 | 2023 | +2.73% | +1.67% | View data |
| 8 | 8 Argentina | 0.9 | 2023 | 0% | +3.13% | View data |
| 9 | 9 Lebanon | 0.8 | 2023 | 0% | +2.06% | View data |
| 10 | 10 Egypt | 0.72 | 2023 | 0% | +2.29% | View data |
