The European import market of olive oil in 2024 shows varied growth trends among countries. Italy leads with the highest import volume at 59.206 million kilograms, but showed a slight decline of 1.98% in 2023. The United Kingdom, registering an 8.51% increase, reflects a growing demand within its market. Portugal demonstrated a modest rise of 0.56%, while the Netherlands saw a notable 5.28% growth. In contrast, Spain experienced a significant decrease by 4.52%. Likewise, France and Germany also showed minor shifts. Countries like Greece and Slovenia witnessed remarkable growths of 5.48% and 6.03% respectively, suggesting evolving market dynamics.
Future trends to watch in the European olive oil import market include the potential impact of economic changes on consumption patterns and the increasing preference for healthier diets across Europe. Furthermore, fluctuations in production due to climate change could influence import volumes significantly. The increasing environmental awareness may also push for more sustainably sourced olive oil, which could shift trade preferences among European countries.
Top countries in Import of Olive Oil by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 59,206,000 | 2023 | -1.72% | -1.98% | View data |
| 2 | 2 United Kingdom | 46,162,000 | 2023 | +3.36% | +8.51% | View data |
| 3 | 3 Portugal | 36,023,000 | 2023 | +1.5% | +0.56% | View data |
| 4 | 4 Netherlands | 16,890,000 | 2023 | +15.68% | +5.28% | View data |
| 5 | 5 Spain | 14,845,000 | 2023 | -0.56% | -4.52% | View data |
| 6 | 6 Germany | 11,481,000 | 2023 | +0.71% | +0.98% | View data |
| 7 | 7 France | 6,260,900 | 2023 | -1.76% | -2.42% | View data |
| 8 | 8 Greece | 4,667,700 | 2023 | +10.52% | +5.48% | View data |
| 9 | 9 Belgium | 4,559,400 | 2023 | +0.72% | -0.3% | View data |
| 10 | 10 Austria | 4,223,900 | 2023 | +7.31% | -0.77% | View data |
