In three years, Spain managed to double the value of its sales of olive oils in Germany

Published 2024년 6월 5일

Tridge summary

The Olive Oil World Tour initiative, a collaboration between Olive Oils from Spain and the European Union, was launched in Germany in 2021 to combat a potential demand drop due to rising olive oil prices. The campaign, which concluded with a cooking event in Munich, was successful in increasing consumer awareness about the benefits and quality of European olive oils, despite a 24% reduction in total imports and a 100% price increase over three years. Spain saw a significant increase in its market share, with one in three oils consumed in the German market being Spanish. The campaign also highlighted the unique characteristics of various extra virgin olive oils and their versatility in cooking.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In 2021, Olive Oils from Spain and the European Union launched the Olive Oil World Tour initiative in the German market, under the motto “Let's cook together! With European olive oil everything is better.” After three years of enormous promotional work carried out throughout the country, the campaign comes to an end and to celebrate it a special event has been held in Munich. Now, seen with perspective, the moment chosen to launch this campaign could not have been more appropriate, as explained by the manager of the Spanish Olive Oil Interprofessional, Teresa Pérez, at the event held in the Bavarian capital: “This campaign was in march when it was needed most, when olive oil prices skyrocketed in world markets. A circumstance that made us fear a collapse in demand in this and other large markets.” In July 2021, the price of olive oil in European markets stood at an average of 4.4 euros per kilo, while in these first months of 2024 it has exceeded 9 euros per kilo. "This campaign ...
Source: Oleorevista

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