In 2023, Spain led global exports of olive oil and fractions blends, reaching $384.45 million, followed by Italy with $113.8 million. Greece, Portugal, and Morocco were also significant contributors, despite Greece seeing a downturn of 14.31%. Notable growth was observed in the US (8.56%) and Switzerland (45.77%), while Canada and Sweden registered declines. Luxembourg experienced exceptional growth at 59%. The compounded annual growth rate over the past five years varied significantly, indicating dynamic market changes.
Looking ahead, increasing demand in emerging markets, shifts towards premium products, and potential impacts of climate change on production hubs are key trends to monitor in the global olive oil market. Additionally, evolving consumer preferences and trade policies may significantly influence future export patterns.
Top countries in Export of Olive Oil and Fractions Blends by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 384,450,000 | 2023 | +3.9% | +3.98% | View data |
| 2 | 2 Italy | 113,800,000 | 2023 | +1.75% | +2.16% | View data |
| 3 | 3 Greece | 38,551,000 | 2023 | -0.98% | -14.31% | View data |
| 4 | 4 Portugal | 34,374,000 | 2023 | +4.54% | +2.82% | View data |
| 5 | 5 Morocco | 34,219,000 | 2023 | +5.16% | +4.53% | View data |
| 6 | 6 United Arab Emirates | 5,150,900 | 2023 | +5.83% | +0.7% | View data |
| 7 | 7 Austria | 2,874,200 | 2023 | +6.76% | +0.95% | View data |
| 8 | 8 Germany | 2,597,400 | 2023 | +4.56% | +3.25% | View data |
| 9 | 9 United States | 2,426,800 | 2023 | +3.2% | +8.56% | View data |
| 10 | 10 Lithuania | 2,235,600 | 2023 | +3.32% | +5.36% | View data |
