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World Olive Oil Production and Market

The olive oil tree flourishes in Mediterranean-type climates (between 30-45th latitudes) with hot dry summers and cool winters. The trees are sensitive to the cold during the growing season, but are able to tolerate drought and heat. Olive oil production is still mostly centered in the Mediterranean region, although in recent years we are beginning to see olive oils from regions throughout the world.

Spain with over 320 million olive trees is the number one producer of olive oil at 37% of world production, with 75% of that coming from Andalusia.  The types of olives grown in Spain are the arbequina and verdial varieties of Catalonia, and the hojiblanca, piqual, cornicabra, and lechin varieties of the south. The piqual variety of the south accounts for 40% of all olive trees in Spain.

The second largest producer with 24% of worldwide production is Italy. The types of olives grown in Italia are the coratina in Puglia (Bari) , Ogliarola Barese in Puglia and Basilicata , Carolea in Calabria , Leccino in Toscana and Umbria , Frantoio and Moraiolo in the centre of Italia , Taggiasca in Liguria.
Italians who consume 10 quarts of olive oil per person per year do not produce enough oil for their domestic consumption, yet they are one of the largest exporters of olive oil in the world. Much of their oil is imported, bottled and exported as an Italian product. Spain Greece and Tunisia are their major suppliers.

Greece is the third largest producer with 22% of the world production. And Tunisia the fourth producer with 9% of the world production , the types of olives grown in Tunisia are essantialy represented ( 95%) by two types : Chemlali and Chitoui .

Other countries that produce significant amounts of olive oil are Turkey (7%)  , Syria (7%) and Morocco (2%) .

These seven countries alone account for 90% of world production

Consumption

Olive oil represents 3% of all fats and oils consumed in the world.

The main olive oil producers are also the main consuming countries. European Union accounts for 82% of world consumption. Mediterranean basin countries represent 90% of world consumption. Other consuming countries are United States, Canada, Australia and Japan.

Production Cost and Market Price

Olive oil is a relatively expensive oil compared to other kinds of oil since it needs a special production treatment: olive crop is a long process (olives are produced only after the maturity of the tree; that means after five years). Harvest is still made by hand in most of the regions. Finally, processing needs an advanced technology, particularly in large producing areas(see technology).

Prices paid to producers are quite unstable, mainly due to the change in the quantities produced from one year to another and the level of stocks. However, it is difficult to assess the price formation mechanism. Refined olive oils are generally less expensive than virgin oils.  A possible explanation would be an insufficent amount of lampante oil to meet demand of refining industry given the good quality of produced virgin oil and as a result an increase in lampante oil prices.

 The producer prices paid on three representative markets of the Europeen Country – Bari (Italy), Heraklion/Messinia (Greece) and Jaén (Spain). And also market of Sfax (Tunisia); their movements influence the prices paid in other regions of the European Community and have an impact on pricing in other producing countries, especially of exports.

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Olive oil News
28-04-2015: Spain: El sector oleícola pide a la UE que no rebaje los límites de ésteres etílicos la próxima campaña (sorry only in spanish)
28-04-2015: Tunisia hoping to boost olive oil exports
28-04-2015: Tunisia: PM Learns About Tunisian-Japanese Olive Oil Products Valorisation Project
28-04-2015: Tunisia:olio d'oliva,savoir-faire italiano in vetrina a Sfax (sorry only in italian)
27-04-2015: Spain: Andalucía se prepara contra la ‘Xylella Fastidiosa’ (sorry only in spanish)
27-04-2015: New Technology to Recycle Wastewater
27-04-2015: Italy: Il crollo della produzione italiana di olio d’oliva: -35% nel 2014 (sorry only in italian)
27-04-2015: Tracking the Quality of Moroccan Olive Oils
27-04-2015: Spain: Aceite de oliva, el precio marca la compra (sorry only in spanish)
27-04-2015: Faut-il s'inquiéter de la bactérie tueuse d'oliviers ? (sorry only in french)
24-04-2015: Spain: Deoleo: Jaime Carbó dimite (sorry only in spanish)
24-04-2015: Italy: Assitol chiede un rafforzamento del Sian contro le frodi nel mondo dell'olio d'oliva (sorry only in italian)
22-04-2015: Italy: 2° Convegno Nazionale degli Olive Oil Experts (sorry only in italian)
22-04-2015: Tunisia: Un inventeur tunisien met au point un système d’irrigation très économe en eau pour l’oléiculture (sorry only in french)
21-04-2015: Huevos libres de colesterol gracias al aceite virgen extra (sorry only in spanish)
21-04-2015: Third NYIOOC Conference ‘Resounding Success’
21-04-2015: Italy: Xylella, Martelli contro l’Europa «In California è un flagello» (sorry only in italian)
21-04-2015: Strong Showing for Italy at NYIOOC
21-04-2015: Spain: Infaoliva calcula en unas 600.000 toneladas las existencias actuales de aceite de oliva (sorry only in spanish)
21-04-2015: ‘Diffuser’ System Irrigates Tunisian Olive Trees from the Bottom Up
21-04-2015: Tunisia looks to tap into its history and push its olive oil front and center
21-04-2015: Spain: Ya se han vendido más de 600.000 toneladas de aceite de oliva esta temporada (sorry only in spanish)
21-04-2015: Spain Finishes at the Top Again in New York
21-04-2015: Tunisians look to boost olive oil production
21-04-2015: Spain: Se calientan los precios del aceite de oliva (sorry only in spanish)
21-04-2015: Regolare il mercato dell'olio d'oliva attraverso i prezzi (sorry only in italian)
21-04-2015: Tunisia: Le «Prix de la meilleure huile d'olive conditionnée» décerné à trois entreprises tunisiennes (sorry only in french)
16-04-2015: New York International Olive Oil Competition Announces Best Olive Oils in the World
16-04-2015: Spain: "Solo vía precios se podrá regular el mercado del aceite de oliva" (sorry only in spanish)
16-04-2015: Making the EU’s olives greener…for the environment
16-04-2015: Tunisia: L’huile d’olive tunisienne conditionnée représente 15% du marché américain (sorry only in french)
16-04-2015: Fastidiosa, la bactérie «tueuse d’oliviers», identifiée en France (sorry only in french)
14-04-2015: Italian officials begin cutting down first olive trees hit by deadly bacteria in bid to stop spread of disease
14-04-2015: Tunisia: Huile d’olive: Les exportations ont rapporté 756 MD (sorry only in french)
10-04-2015: Italy: Diminuiscono le vendite di olio d'oliva a dicembre e gennaio (sorry only in italian)
10-04-2015: Tunisia: Une excellente saison pour l’huile d’olive tunisienne…et l’UE tente d’en résorber le flux. (sorry only in french)
10-04-2015: Recent research into the olive oil market: India industry analysis and opportunity assessment 2014 to 2020
10-04-2015: La UE suspende las solicitudes de importación de aceite tunecino para el mes de abril (sorry only in spanish)
10-04-2015: Tales of Two Olive Oil Producers
10-04-2015: EE.UU, Canadá y China reducen sus compras de aceite de oliva un 4% (sorry only in spanish)
08-04-2015: How EVOO Helps Prevent Colon Cancer
07-04-2015: Italy: Boom dell’import di olio di oliva spagnolo, scivola l’export italiano (sorry only in italian)
 
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