The historical record for Italian oil exports increased by 59%, never so high

Published 2024년 11월 26일

Tridge summary

Italian olive oil exports have reached a record high of over 2 billion euros in the first eight months of 2024, marking a 59% increase from the same period last year and surpassing the entire 2023 exports. The United States is the primary market, followed by Germany and France. This success is largely due to the growing demand for 100% Italian certified olive oil, which makes up almost four in ten bottles produced. However, the sector faces risks such as speculative maneuvers, unjustified imports from other countries, and the spread of Xylella, a bacterium that has infected over 21 million plants in Italy. To address these challenges, the article suggests the need for strict controls, fair value recognition for producers, and efforts to contain Xylella through grafting, replanting, and research into resistant varieties.

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Original content

It is a historic record in value for exports of Italian olive oil which in the first eight months of 2024 have already exceeded 2 billion euros "invoiced" in all of 2023 thanks to a 59% increase compared to the same period last year. This is the Coldiretti/Unaprol analysis on Istat data on foreign trade relating to January-August released on the occasion of World Olive Day, launched by UNESCO and promoted by the IOC on November 26 to celebrate a fundamental product for the Mediterranean diet and for health. About a third of the total exported in value ends up in the United States which represents the first market for Italian olive oil - notes Coldiretti - ahead of Germany and France. A success driven by the new sensitivity towards the 100% Italian certified product which in recent years has now come to represent almost four out of ten bottles of those produced, according to an Ismea analysis. In terms of consumption, Made in Italy extra virgin olive oil has not, in fact, recorded ...

Source: Agricolae