Sales of olive pomace oil grow by 42% in Spain and are close to 11 million liters

Published May 31, 2022

Tridge summary

Olive Pomace Oil sales in Spain have seen a significant increase of 42.5% in the first seven months of the 2021-2022 campaign, with total sales reaching nearly 11 million liters. This growth is largely due to the recovery of the HORECA channel in the domestic market, which began in 2021. The hotel and restaurant sector has been the primary driver of this growth. Additionally, there has been a notable increase in commercial distribution to households, attributed to a reduction in the import of sunflower oil from Ukraine. Spain is the world's leading producer of Olive Pomace Oil, with an average annual production of 120,000 tons, of which 85% is exported. The industry employs 18,000 people and has an average turnover of 306 million euros.

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

Original content

Olive Pomace Oil maintains the positive evolution in the national market with an increase in sales of 42.5% in the first seven months of the 21/22 campaign, close to 11 million liters, according to data offered by the Interprofessional Olive Pomace Oil (Oriva) According to the Industrial Association of Edible Oil Refiners and Bottlers (ANIERAC), 10.89 million liters of Olive Pomace Oil have been sold in this period. It is one of the categories of oil that experiences the greatest growth in the accumulated of the campaign, together with virgin olive oil whose sales grew by 11.6%. THE INCREASE IN SALES IS GREATLY DUE TO THE RECOVERY OF THE HORECA CHANNEL In this way, in the month of April, 1.91 million liters of Olive Pomace Oil were placed on the market, which represents an annual accumulated during these first four months of 2022 of 6.43 million liters, 40 .6% more than in the same period as in 2021. The data points to a consolidation in the recovery of the domestic market that ...

Source: Agroinformacion