The rise in the average olive oil price in 2021/22 triggered the value of Spanish exports

Published 2022년 12월 14일

Tridge summary

In the 2021/22 campaign, Spain experienced a slight decrease in olive oil exports but a substantial 25% increase in the value of foreign sales, which reached around 4,000 million euros. This was largely due to a 27% rise in the average export price. The price of exported oil also hit a high of 399 euros/100 kilos in September. The destination with the highest volume of exports was Italy, followed by the United States, China, and South Korea, while shipments to Portugal and France saw a decrease. The campaign also saw a notable increase in olive oil imports, both in volume and value, due to the increased price.

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

Original content

Spain exported a slightly lower volume of olive oil in the 2021/22 campaign (October-September) than in the previous campaign; however, the value of foreign sales grew by 25%, to approximately 4,000 million euros, due to the significant rise in the average export price, which grew by 27% compared to the previous season, to 354 euros/100 kilos. According to the foreign trade report for olive oil from the past campaign published by the Ministry of Agriculture, the price of exported oil was higher than in the previous campaign in all months. In the last one, September, it reached 399 euros/100 kilos on average, compared to 339 euros in September 2021. The campaign average reached 400 euros/100 kilos in the case of exports outside the EU and 338.13 euros in shipments to other Member States of the Union; in both cases the increase was close to 30% compared to the previous season. Frame By destination, the volume exported to Italy increased (where it reached 327,572 tons), as well as to ...

Source: Agropopular