In 2024, the European Olive Oil Price Index shows varying levels of change across countries. Spain leads with a 28.03% increase, followed by Greece (23.56%) and Portugal (21.08%), indicating a strong upward trend in these markets. Cyprus and Italy show moderate year-on-year growth at 12.06% and 11.07%, respectively. Croatia's growth is modest at 8.59%, while Slovenia is the only country with a negative change, at -0.47%, suggesting potential market challenges or surpluses. The overall European market has experienced a robust recovery compared to previous years with significant year-on-year increases.
For future trends, watch for potential price stabilization or fluctuations influenced by climatic conditions affecting olive production, changes in export and import policies, and consumer demand shifts towards sustainable and high-quality olive oil options. Monitoring these factors will be essential for understanding and forecasting the European olive oil market dynamics.
Top countries in Olive Oil Price Index by Country
| # | 7 Countries | Percent, Change on Previous Period | Last Year | |
|---|---|---|---|---|
| 1 | 1 Spain | 28.03 | 2022 | View data |
| 2 | 2 Greece | 23.56 | 2022 | View data |
| 3 | 3 Portugal | 21.08 | 2022 | View data |
| 4 | 4 Cyprus | 12.06 | 2022 | View data |
| 5 | 5 Italy | 11.07 | 2022 | View data |
| 6 | 6 Croatia | 8.59 | 2022 | View data |
| 7 | 7 Slovenia | -0.47 | 2022 | View data |
