News

The IOC estimates the drop in olive oil consumption in Spain at 27.6%

Olive Oil
Spain
Published Mar 1, 2023

Tridge summary

The data provided by the International Olive Council (IOC) reveals that world consumption in the 2022/2023 campaign stands at 5.7% less compared to the previous campaign and Spain is at the top of the list of countries in the European Union that have seen their consumption drop, with 27.6% less than the previous campaign. Quite a distance away are other producers such as France or Portugal, whose consumption has fallen by 5.1% and 3.2% respectively.

Original content

These figures have been exposed during the presentation "X-ray of the olive oil sector in the world", by Juan Luis Vicente, head of the Department of Economic Studies and Statistics of the International Olive Oil Council (IOC), at the World Congress of Olive Oil (OOWC), which began this Tuesday. Vicente highlighted that in the countries of the European Union the production compared to the previous season has fallen by 33.8%. In the case of Spain, during the past campaign production amounted to a total of 1,412,000 tons to go to 780,000 tons in the 2022/2023 campaign, a decrease of 47.7%. The same has happened in Italy and Portugal, where it has fallen by 28.6% and 39.4% respectively. In the case of Greece, production for this campaign has increased by 50.9%. Likewise, the expert pointed out that worldwide, according to IOC estimates, olive oil production has decreased compared to the previous campaign and that is that "during the 2021/2022 campaign, production stood at 3,724,000 ...
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