The global olive oil demand is highly concentrated in Europe and North America. Spain leads with 19.39 thousand metric tons, followed closely by Italy. The United States ranks third. While some markets like Algeria and the UAE are witnessing significant growth, traditional markets like Greece and Morocco show a decline. Emerging markets such as Tunisia and Israel display promising growth trends. Over the past five years, growth varies significantly by region, with European markets remaining dominant but seeing varied year-on-year changes.
Future trends suggest potential expansion in Asia and the Middle East due to increased health awareness and the popularity of the Mediterranean diet. Monitoring growth in the United States and other non-traditional markets can provide insights into global consumption patterns.
Top countries in Olive Oil Demand Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 19.39 | 2023 | +0.65% | -0.032% | View data |
| 2 | 2 Italy | 17.72 | 2023 | -1.05% | -0.49% | View data |
| 3 | 3 United States | 10.15 | 2023 | +0.31% | +0.25% | View data |
| 4 | 4 Greece | 5.66 | 2023 | -0.55% | -0.76% | View data |
| 5 | 5 Morocco | 4.78 | 2023 | +0.66% | -1.14% | View data |
| 6 | 6 France | 3.68 | 2023 | 0% | +0.17% | View data |
| 7 | 7 Algeria | 3.49 | 2023 | +3.74% | +1.91% | View data |
| 8 | 8 Portugal | 2.8 | 2023 | 0% | +0.92% | View data |
| 9 | 9 Brazil | 2.36 | 2023 | 0% | -1.28% | View data |
| 10 | 10 United Kingdom of Great Britain and Northern Ireland | 2.14 | 2023 |
