Challenges and growth prospects for Spanish olive oil consumption in the Czech Republic

Although the Czech Republic does not produce olive oil due to its climatic and soil conditions, the country has become a stable importer of this product, with Spain, Italy, Greece and Germany as its main suppliers. Even though olive oil consumption is significantly lower compared to Mediterranean countries, health trends and the known benefits of this product are driving its demand. Currently, Czechs consume around 5,115 tons of olive oil per year, which represents only 0.9% of consumption in Spain, mainly due to cultural and gastronomic differences, according to the recent market study conducted by the Economic and Commercial Office of the Spanish Embassy in Prague. The Czech diet is still heavily influenced by the use of substitute oils such as sunflower, rapeseed, butter and margarine, which remain more popular and cheaper options. A growing market, but with challenges The Czech market is highly competitive, with numerous companies competing for small market shares. However, ...