Global Olive Oil Production by Country

In 2024, Spain remains the leader in global olive oil production with an output of 2.08 million metric tons, reflecting consistent growth from 1.97 million metric tons in 2023. Greece and Italy follow, producing 0.393 and 0.248 million metric tons respectively, also showing positive growth. Tunisia, on the other hand, experienced a decline from 0.36 to 0.277 million metric tons. Portugal's production surged by 4.92% year-on-year, making it a notable player. The United States also saw a significant increase of 4.56%, while other countries like Egypt, Australia, and Chile showed steady growth between 2% to 2.59%. Conversely, Jordan, Tunisia, and Albania experienced negative or zero growth rates.

Future Trends to Watch:

• Technological advancements and sustainable farming practices in Spain could further boost its production.
• Greece and Italy may continue to grow if they can overcome challenges related to climate change.
• Emerging players like the United States and Portugal are likely to increase their market share.
• Monitoring geopolitical stability and environmental conditions in North Africa will be essential to understanding future production trends in Tunisia and Morocco.
• The impact of global economic conditions on investment in olive oil production infrastructure and innovations.