Sunflower oil consumption increases by 40% in Spanish households but without overtaking olive oil

Published 2024년 7월 10일

Tridge summary

Spanish household consumption of sunflower oil has seen a significant increase of 38% in the past year, reaching 158.3 million liters, while olive oil consumption has decreased by 10.8% to 274 million liters. Despite the higher price of olive oil, it still remains the preferred choice in Spanish households. The rise in sunflower oil consumption is attributed to its lower price, particularly appealing to households facing economic challenges. The Spanish Sunflower Association predicts this trend to persist, linked to the recovery of the hospitality industry's demand. The supply of sunflower oil in Spain is secured through imports, as the national production cannot meet the demand.

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

Original content

The consumption of sunflower oil has increased by close to 40% in Spanish households in the last year, but without displacing olive oil, which continues to be the "king of the house" despite its high price. According to the latest data from the Ministry of Agriculture, Fisheries and Food (MAPA), household consumption of sunflower oil has increased 38% in the last twelve months until March, totaling 158.3 million liters, compared to the fall of the 10.8% experienced by olive oil, with 274 million. Each Spaniard consumes 3.4 liters of sunflower oil and 5.9 liters of olive oil per year, according to the food consumption panel, which reflects a 4.9% decrease in spending on sunflower oil (271 million euros) and an increase of 32.7% in olive oil (1,874 million). Although olive oil prices are expected to begin to fall with the new harvest, towards the last quarter of the year, its price has remained at high levels so far in 2024, increasing by 62.8% annually in May, in comparison with ...

Source: Agroinformacion