Extra Virgin Olive Oil
Supply
Olive Oil - Top Suppliers
Global trade analysis for Virgin Olive Oil shows a total trade value of $43.68M USD, representing 4.97M Kilograms.
The market is dominated by Israel, contributing 23.5% of global trade value, followed by Spain (23.5%), Italy (19.6%), Turkey (9.5%) and Tunisia (6.1%).
Notably, the top 5 producing countries account for 82.2% of the global trade value, indicating a highly concentrated market.
Production & Supply Trends
Oil, Olive - Beginning Stocks
Beginning Stocks for Oil, Olive decreased by 28.0% from 461 1000 MT in 2023 to 332 1000 MT in 2024. Over the 2021-2024 period, there has been a net decrease of 43.8%.
Oil, Olive - Ending Stocks
Ending Stocks for Oil, Olive increased by 51.8% from 332 1000 MT in 2023 to 504 1000 MT in 2024. Over the 2021-2024 period, there has been a net decrease of 29.4%.
Oil, Olive - Exports
Exports for Oil, Olive increased by 5.0% from 1,167 1000 MT in 2023 to 1,225 1000 MT in 2024. Over the 2021-2024 period, there has been a net decrease of 13.9%.
Oil, Olive - Imports
Imports for Oil, Olive increased by 8.5% from 1,074 1000 MT in 2023 to 1,165 1000 MT in 2024. Over the 2021-2024 period, there has been a net decrease of 9.0%.
Oil, Olive - Production
Production for Oil, Olive increased by 27.0% from 2,417 1000 MT in 2023 to 3,070 1000 MT in 2024. Over the 2021-2024 period, there has been a net decrease of 7.1%.
Oil, Olive - Total Distribution
Total Distribution for Oil, Olive increased by 15.6% from 3,952 1000 MT in 2023 to 4,567 1000 MT in 2024. Over the 2021-2024 period, there has been a net decrease of 11.7%.
Oil, Olive - Total Supply
Total Supply for Oil, Olive increased by 15.6% from 3,952 1000 MT in 2023 to 4,567 1000 MT in 2024. Over the 2021-2024 period, there has been a net decrease of 11.7%.
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