Spain dominates the global olive oil stock variation share with a substantial 109.16 thousand metric tons, far outpacing other countries. The United States follows distantly at 3.5, with Morocco, Saudi Arabia, and smaller players each contributing negligible amounts. Spain's stability starkly contrasts with Italy's notable deficit of -16.71 thousand metric tons, aligning with broader regional dynamics. Additionally, countries like Tunisia and Greece show significant negative variations, reflecting potential production or market challenges. Notably, Egypt demonstrates remarkable growth with a 14.87% increase, indicative of a strengthening position in global markets.
Future trends to watch include the impact of climatic changes on olive production in key regions like the Mediterranean, technological advancements enhancing productivity, and shifts in consumption patterns possibly driven by health trends or economic conditions. Additionally, policy changes in major producing countries and global trade dynamics will likely influence overall stock variations.
Top countries in Olive Oil Stock Variation Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 109.16 | 2023 | +12.19% | View data | |
| 2 | 2 United States | 3.5 | 2023 | +4% | +2.48% | View data |
| 3 | 3 Morocco | 2.29 | 2023 | +13.33% | View data | |
| 4 | 4 Saudi Arabia | 1.75 | 2023 | +8.33% | +1.61% | View data |
| 5 | 5 South Korea | 0.54 | 2023 | 0% | -4.36% | View data |
| 6 | 6 Belgium | 0.54 | 2023 | 0% | 0% | View data |
| 7 | 7 Yemen | 0.54 | 2023 | 0% | +5.92% | View data |
| 8 | 8 Egypt | 0.54 | 2023 | -20% | +14.87% | View data |
| 9 | 9 Netherlands | 0.54 | 2023 | 0% | View data | |
| 10 | 10 Croatia | 0.54 | 2023 | 0% | 0% | View data |