New EU estimates for olive oil consumption and production

Published 2021년 12월 10일

Tridge summary

The European Commission has released projections on the future of olive oil consumption and production. There is expected to be a rise in demand in non-producing countries, from 21% in 2020 to 32% in 2031, while per capita consumption in main EU-producing countries may drop. However, consumption in other EU countries is projected to increase, reaching 1.5 kg per capita by 2031. The pandemic has caused a labor shortage and introduced uncertainty, but diseases and weather conditions are the main threats to production increases. Spain and Portugal are expected to grow their export positions, while Italy's reliance on imports is set to decrease. Spain is anticipated to remain a key player in the global market, with potential for expansion in Asia-Pacific and Brazil.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Olimerca.- The European Commission has just made a new estimate about the evolution of olive oil consumption and production at the community and world level. Thus, the most significant data is that if we take into account the current evolution of consumption in the community environment and in other non-producing countries, it is expected that demand growth will be higher in non-producing countries, going from a share of 21% in 2020 to 32% in 2031, as the historically high per capita consumption in the main EU producing countries could fall further (-0.6% per annum, compared to -3% in 2010-2021). If we talk about consumption around the producing countries, the EC projects a slight decrease in per capita consumption of olive oil for all the main producing countries in the EU, with annual decreases ranging between -0.4% and -0.6%. This decline reflects the maturity of the market and the different consumption styles of the younger generations. As for other EU countries, a still ...

Source: OliMerca