Spain leads the olive oil market in Slovakia with a share of 43.7%

Published 2024년 7월 31일

Tridge summary

The olive oil market in Slovakia is expanding, primarily driven by imports from Spain, which dominates with a 43.7% share in quantity and 44.28% in value as of 2023. Slovakia has no local production and relies entirely on imports, with Italy and the Czech Republic also being key suppliers. Despite competition from cheaper vegetable oils and traditional fats, the growing interest in healthy eating offers opportunities for olive oil, especially extra virgin. Spanish olive oil is commonly found in supermarkets and is considered medium-high quality, though Italian and Greek oils are viewed as superior. To sustain its market leadership, Spain must focus on marketing and consumer education about the benefits of its olive oil.

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

Original content

The olive oil market in Slovakia, although small, has shown a growing trend in recent years, driven by imports mostly from the European Union. A recent market study carried out by the Economic and Commercial Office of the Spanish Embassy in Bratislava reveals that Spain is consolidating itself as the main supplier of olive oil in Slovakia, with a share of 43.7% in quantity and 44.28% % in value in 2023. Increase in olive oil imports With a population of 5.42 million inhabitants and non-existent local production, Slovakia depends entirely on imports to cover its olive oil consumption. Acquisitions of this product have followed a growing trend, although starting from a reduced base. Spain stands out as the main supplier, followed by Italy, the only significant competitor in terms of quantity. The Czech Republic, although it is not a producer of olive oil, is positioned in third place due to re-export. Challenges and competition in the market Spanish olive oil faces competition from ...

Source: Oleorevista