The European Olive Oil Price Index highlights significant variations across countries in 2024. Cyprus leads with the highest index value, followed by Croatia and Italy, each reflecting a strong market. Spain experienced the largest increase in 2023, indicative of rising prices due to demand or production costs. Portugal and Greece exhibited moderate growth, aligning with recent trends. Slovenia, while having the lowest index, showed stability in its growth rate. Over the past five years, a compounding annual growth rate reveals consistent upward pressure on prices.
Future trends to watch include the impact of climate change on olive harvests, potential changes in consumer preferences towards healthier oils, and geopolitical factors influencing trade dynamics. These factors could further affect price disparities across European nations.
Top countries in Olive Oil Price Index by Country
| # | 7 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Cyprus | 117.15 | 2022 | +12.06% | +2.75% | View data |
| 2 | 2 Croatia | 114.62 | 2022 | +8.59% | +7.89% | View data |
| 3 | 3 Italy | 114.4 | 2022 | +11.07% | +4.94% | View data |
| 4 | 4 Spain | 112.64 | 2022 | +28.03% | +18.09% | View data |
| 5 | 5 Portugal | 111.26 | 2022 | +21.08% | +10.12% | View data |
| 6 | 6 Greece | 109.86 | 2022 | +23.56% | +6.94% | View data |
| 7 | 7 Slovenia | 101.66 | 2022 | -0.47% | +3.51% | View data |
