In 2023, Spain dominated the European export market for virgin olive oil, holding a share of 59.28 kg, followed by Italy at 33.01 kg. Portugal and Greece showed significant growth with a 10.26% and 19.77% increase respectively. Italy's market share decreased by 13.89%, while countries like Estonia and Finland experienced substantial increases in their export shares. Despite minimal contributions, countries like Malta and Luxembourg exhibited notable percentage growth.
Looking ahead, Spain and Portugal are expected to maintain a strong position given their positive growth trends. The rise in smaller markets such as Estonia, Luxembourg, and Malta signals potential emerging markets. Watch for potential interest from northern European countries given their recent growth, and sustainability trends may influence Italy's recovering export performance.
Top countries in Export of Virgin Olive Oil Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 59.28 | 2023 | +6.13% | +3.22% | View data |
| 2 | 2 Italy | 33.01 | 2023 | +3.76% | -13.89% | View data |
| 3 | 3 Portugal | 6.92 | 2023 | +7% | +10.26% | View data |
| 4 | 4 Greece | 2.78 | 2023 | +13.77% | +19.77% | View data |
| 5 | 5 Belgium | 0.17 | 2023 | +16.32% | +10.66% | View data |
| 6 | 6 Germany | 0.14 | 2023 | -2.19% | -4.76% | View data |
| 7 | 7 France | 0.096 | 2023 | +0.89% | View data | |
| 8 | 8 Netherlands | 0.088 | 2023 | -3.54% | -9.92% | View data |
| 9 | 9 Austria | 0.074 | 2023 | +6.02% | +8.18% | View data |
| 10 | 10 Estonia | 0.013 | 2023 | +19.56% | +47.51% | View data |
