In 2023, Spain leads European olive oil production with 3.92 million metric tons, indicating a significant decrease of 15.79% from the previous year. Italy and Greece follow with 2.05 and 1.03 million metric tons, experiencing modest increases of 1.61% and 1.91%, respectively. Portugal's production rose by 4.2% to 0.89096 million metric tons. Among other countries, Montenegro shows the highest growth at 10.4%, despite its modest output of 0.00041 million metric tons.
Over the past five years, trends exhibit varied growth, with notable increases in emerging markets like Portugal and more modest growth or decline in traditional markets such as Spain and Italy. Future trends to watch include potential impacts of climate change on yield, technological innovations improving productivity, and increasing consumer demand for sustainable production practices. Additionally, geopolitical factors and European Union agricultural policies could further influence market dynamics and competitive positioning.
- Spain: Decline in production despite leading position.
- Italy & Greece: Stable with slight growth.
- Portugal: Notable increase indicating growth potential.
- Montenegro: Highest growth rate among smaller producers.
Top countries in Olives for Olive Oil Harvested Production by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 3,920 | 2023 | +6.65% | -15.79% | View data |
| 2 | 2 Italy | 2,050 | 2023 | -1.32% | +1.61% | View data |
| 3 | 3 Greece | 1,030 | 2023 | +9.02% | +1.91% | View data |
| 4 | 4 Portugal | 890.96 | 2023 | +15% | +4.2% | View data |
| 5 | 5 Albania | 120.4 | 2023 | -6.59% | +5.19% | View data |
| 6 | 6 Croatia | 34 | 2023 | -15.28% | +3.65% | View data |
| 7 | 7 France | 26 | 2023 | +21.38% | +0.35% | View data |
| 8 | 8 Cyprus | 16.5 | 2023 | -10.28% | +0.64% | View data |
| 9 | 9 Slovenia | 2.16 | 2023 | -11.48% | -11.42% | View data |
| 10 | 10 Bosnia and Herzegovina | 0.66 | 2023 | -100% | View data |
