The European olives for olive oil production in 2023 were dominated by Spain, responsible for nearly half of the harvest at 48.5 thousand metric tons. Italy followed with a 25.3 thousand metric ton share, while Greece, Portugal, and Albania combined contributed around 25% of the total production. Notably, Spain saw a significant decrease of 15.79% in its production share, while smaller producers like Montenegro experienced growth of 10.4% in 2023. Over the past five years, the compound annual growth rate has been diversified across countries, with varying performance trends indicating shifts in production capabilities.
Looking ahead, several trends warrant attention for the European olive oil industry:
- Potential recovery in Spanish production after the recent downturn.
- Continued expansion in Portugal's olive oil sector, reflecting consistent growth.
- Market adaptation to climate change impacts and technological advancements in Greece and Italy.
- Increased interest in sustainable and organic olive oil production across Europe.
Top countries in Olives for Olive Oil Harvested Production Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 48.5 | 2023 | +6.65% | -15.79% | View data |
| 2 | 2 Italy | 25.3 | 2023 | -1.32% | +1.61% | View data |
| 3 | 3 Greece | 12.72 | 2023 | +9.02% | +1.91% | View data |
| 4 | 4 Portugal | 11.02 | 2023 | +15% | +4.2% | View data |
| 5 | 5 Albania | 1.49 | 2023 | -6.59% | +5.19% | View data |
| 6 | 6 Croatia | 0.42 | 2023 | -15.28% | +3.65% | View data |
| 7 | 7 France | 0.32 | 2023 | +21.38% | +0.35% | View data |
| 8 | 8 Cyprus | 0.2 | 2023 | -10.28% | +0.64% | View data |
| 9 | 9 Slovenia | 0.027 | 2023 | -11.48% | -11.42% | View data |
| 10 | 10 Bosnia and Herzegovina | 0.008 | 2023 | -100% | View data |
