On-the-Ground Update

World's Olive Oil production has tripled

Olive Oil
Algeria
Innovation & Technology
Greece
Italy
Ricardo Lopes
Published Jan 4, 2021
Olive oil production has tripled in the last 60 years, reaching 3,262,000 MT in the last campaign of 2018/19. The 2019/20 season, although still with provisional data, shows world production of 3,207,000 MT. This is a decrease of 1.7% (55,000 MT) compared to the previous season, consumption of around 3,234,000 MT (+5.8%) and imports and exports of 1,156,000 and 1,205,000 MT respectively.

IOC member countries would have produced 3,008,500 MT, or 93.8% of the world total, in the 2019/20 season. The production of the group of European countries would have reached 1,924,100 MT, a decrease of 15% compared to the previous campaign. In Spain, production would have been 1,125,300 MT (-37.1%), in Italy 366,000 MT (+110.8%), in Greece 275,000 MT (+48.6%) and in Portugal 140,500 MT (+40.1%).

The production of the other IOC member countries would have increased by 32.9%, reaching a total of 1,084,500 MT. Tunisia stands out with 350,000 MT (+150%), followed by Turkey with 225,000 MT(+16.3%), Morocco with 145,000 MT (-27.5%) and Algeria with 125,500 MT (+29.4%).

Consumption in IOC member countries would have reached 2,204,000 MT, an increase of 3.4%, while in non-IOC member countries consumption would have been around 1,030,000 MT, an increase of 11.4% compared to the previous campaign.

Olive oil – estimate for the 2020/21 crop year
According to official country data and estimates by the IOC Executive Secretariat, world production in the 2020/21 campaign could reach 3,197,000 MT, which implies a decrease of 0.3% compared to the previous campaign. Imports and exports would amount to more than 950,000 MT respectively.


Evolution of olive oil production.
The total production of the IOC member countries in 2020/21 would be 2,999,500 MT, or 93.8% of the world total, a decrease of 0.3% compared to the previous campaign. The EU producer countries are forecasting production of 2,232,500 MT, an increase of 16%. The other IOC member countries are estimated to produce a total of 767,000 MT, a decrease of 317,500 MT (29.3%) compared to the previous year. World consumption could reach 3,185,500 MT, a decrease of 1.5% compared to the previous campaign.
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