In 2023, Spain dominates the European olive oil market with a harvested area share of 51.73 thousand hectares, followed by Italy and Greece at 21.96 and 16.64 thousand hectares, respectively. Portugal is positioned next with 7.77 thousand hectares. Notable year-on-year variations in 2023 include a 0.55% increase in Spain and declines of 1.05% and 1.46% in Italy and Greece, respectively. Portugal saw an increase of 0.83%, while Albania experienced the highest growth at 1.72%. The five-year CAGR indicates increasing trends in smaller share nations, such as Slovenia and Montenegro, suggesting potential growth in niche markets.
Looking ahead, the European olive oil sector will likely see continued dominance by Spain, with potential growth in strategic expansions and technological advancements. Italy and Greece may focus on quality and sustainability to differentiate their products. Smaller markets like Slovenia and Montenegro could become more significant players, driven by innovation and niche market catering. Observing climatic impacts on yield and emerging market demands will be crucial for stakeholders.
Top countries in Olives for Olive Oil Harvested Area Share by Country (Thousand Hectares)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 51.73 | 2023 | 0% | +0.55% | View data |
| 2 | 2 Italy | 21.96 | 2023 | +1% | -1.05% | View data |
| 3 | 3 Greece | 16.64 | 2023 | +6.45% | -1.46% | View data |
| 4 | 4 Portugal | 7.77 | 2023 | 0% | +0.83% | View data |
| 5 | 5 Albania | 0.89 | 2023 | +0.94% | +1.72% | View data |
| 6 | 6 Croatia | 0.42 | 2023 | +0.5% | +1.35% | View data |
| 7 | 7 France | 0.35 | 2023 | +0.06% | -0.33% | View data |
| 8 | 8 Cyprus | 0.2 | 2023 | -0.41% | -1.53% | View data |
| 9 | 9 Slovenia | 0.034 | 2023 | +3.18% | +4.5% | View data |
| 10 | 10 Bosnia and Herzegovina | 0.004 | 2023 | -100% | View data |
