Global virgin olive oil production in 2024 remains dominated by Spain with a substantial share of 49.51%. Greece, although showing a slight decline, still holds a significant share of 8.59%. Tunisia, Italy, and Morocco follow with respective shares of 7.63%, 5.79%, and 5.04%. Portugal and Syria maintain moderate shares at 3.67% and 3.16%, while Algeria and Lebanon show smaller but notable shares of 2.88% and 1.53%. Other significant producers include Egypt, Argentina, Chile, and Australia with shares ranging from 1% to 0.71%. Lesser contributing countries include the United States, Israel, Libya, and several others with shares under 1%.
Notably, between 2022 and 2023, Portugal and Lebanon exhibited remarkable growth in their production shares with variations of 4.74% and 24.4% respectively. Conversely, Italy saw a notable decline of -4.76%. Future trends indicate potential growth in emerging producers like Lebanon, Cyprus, and Azerbaijan due to favorable production changes, while traditionally strong producers such as Italy may continue to face challenges. Watch for fluctuations in production shares from countries in the Middle East and North Africa as market dynamics evolve.
Top countries in Virgin Olive Oil Production Share by Country (Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 49.51 | 2023 | +2.41% | +0.79% | View data |
| 2 | 2 Greece | 8.59 | 2023 | -0.023% | -0.28% | View data |
| 3 | 3 Tunisia | 7.63 | 2023 | +2.46% | +0.62% | View data |
| 4 | 4 Italy | 5.79 | 2023 | -7.23% | -4.76% | View data |
| 5 | 5 Morocco | 5.04 | 2023 | +2.78% | +1.69% | View data |
| 6 | 6 Portugal | 3.67 | 2023 | +2.99% | +4.74% | View data |
| 7 | 7 Syria | 3.16 | 2023 | -1.52% | +0.089% | View data |
| 8 | 8 Algeria | 2.88 | 2023 | +3.42% | +2.32% | View data |
| 9 | 9 Lebanon | 1.53 | 2023 | -2.14% | +24.4% | View data |
| 10 | 10 Egypt | 1 | 2023 | +4.26% | +5.45% | View data |
