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Olive Oil from Greece

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About this market

About

Greece is the world’s third-largest producer of olive oil and the top producer of extra virgin olive oil (EVOO) as a percentage of total output. Over 80% of its olive oil production qualifies as EVOO, renowned for high polyphenol content and strong sensory quality.

History

Olive oil has been a staple of Greek culture for over 4,000 years. Ancient Minoan and Classical civilizations cultivated olives extensively, and the crop remains deeply tied to Greek identity, rural livelihoods, and cuisine.

Production Regions

  • Crete: Largest producing region, known for Koroneiki olive and organic farming.
  • Peloponnese (Messinia, Lakonia, Ilia): High-volume traditional groves with premium EVOO.
  • Central Greece (Etoloakarnania, Phthiotis): Mix of traditional and semi-intensive systems.
  • Lesvos & Chios Islands: Aromatic oils from local varieties like Kolovi and Adramytini.
  • Thassos & Halkidiki: Northern coastal regions with unique microclimates.

Growing Conditions

  • Climate: Typical Mediterranean – mild, wet winters and hot, dry summers.
  • Rainfall: 400 to 700 mm/year, mostly in autumn and winter.
  • Soil: Loamy or calcareous soils; well-drained, often terraced.
  • Irrigation: Predominantly rain-fed; some drip systems for intensive groves.

Harvesting Process

  • Timing: October to January depending on the region.
  • Methods: Manual picking with hand rakes; mechanical shakers in newer groves.
  • Processing: Cold-pressed within hours in local family-owned or cooperative mills.
  • Storage: Stainless steel tanks; inert gas atmosphere for high-grade oils.

Cultivation Methods

  • Traditional Groves: Low-density planting with minimal inputs.
  • Organic Farming: Expanding sector, especially in Crete and Lesvos.
  • Modernization: Precision agriculture and small mechanization in progressive areas.
  • PDO/PGI Designation: Strong EU geographical protection for quality and traceability.

Supply Chain

  • Flow: Farmers → Local Mills → Exporters or Cooperatives → Bottlers.
  • Exporters: Based in Athens, Kalamata, Heraklion.
  • Bottling: Many small-scale exporters offer premium and niche-label EVOO.

Local Logistics

  • Transport: Small trucks from groves to nearby mills.
  • Export Ports: Piraeus, Thessaloniki, Heraklion.
  • Packaging Units: Located close to production zones and ports.

Regulations and Certifications

  • Oversight: Hellenic Ministry of Rural Development & Food.
  • Certifications: EU PDO/PGI, Organic, ISO 22000, HACCP.
  • Testing: Focus on acidity, peroxide index, and sensory panels for EVOO.

Quality Standards

  • Free Acidity: ≤ 0.8% for extra virgin; often 0.2–0.5% in premium labels.
  • Sensory Profile: Fruity, grassy, mildly bitter and peppery with strong aroma.
  • Polyphenols: Often high, especially from Koroneiki variety.

Trade Terms

  • Exports (2023 est.): 140,000–160,000 MT; about 60% sold in bulk.
  • HS Code: 150910 (virgin), 150990 (refined).
  • Key Buyers: Italy (for blending), Germany, US, UK, Australia, China.
  • Export Formats: Bulk (flexitanks, IBCs), bottled (glass, tin).
  • Pricing: Premium for organic and PDO oils; competitive for bulk.

Environmental Impact

  • Terraced Landscapes: Prevent erosion and preserve biodiversity.
  • Low Input Use: Particularly in dryland and organic groves.
  • Agrobiodiversity: Hundreds of small farms maintain old cultivars.

Social Impact

  • Rural Economy: Provides income for over 300,000 farming families.
  • Cultural Link: Central to diet, health, and national pride.
  • Cooperative Role: Key in promoting quality and branding globally.

Uses

  • Domestic Consumption: Among the highest per capita globally.
  • Culinary: Used raw and cooked in salads, stews, and baked goods.
  • Cosmetic & Medicinal: Widely used in soaps, balms, and supplements.

Variation

Koroneiki

Most dominant; small fruit, high oil yield, very aromatic and rich in antioxidants.

Manaki

Grown in eastern Peloponnese; smooth, light, and buttery flavor.

Athinolia

Found in Lakonia; delicate, slightly sweet profile.

Tsounati

Traditional Cretan variety; balanced, fruity oil with late harvest.

Kolovi

Grown in Lesvos; green, nutty flavor, often blended.

Adramytini

Native to Aegean islands; intense aroma, used in premium blends.

Export of Olive Oil from Greece

Olive Oil is categorized under HS code 150910 - Vegetable oils; olive oil and its fractions, virgin, whether or not refined, but not chemically modified, and the data is presented accordingly.

Export overview

As of 2021, Greece ranked #4 in global exports of Olive Oil. Greece accounts for approximately 9.01% of the total global export value of Olive Oil, with an export value of 637,088,820 USD.
The top countries importing Olive Oil from Greece include World, Italy, Germany, United States, Canada.

Export trend

Greece's export value of Olive Oil has increased by 36.74% over the past 5 years, rising from 465,922,239 USD in 2017 to 637,088,820 USD in 2021.
The export data for Greece Olive Oil is sourced from UN Comtrade and official Customs databases of various countries. The data is categorized under the Harmonized System (HS) code 150910 - Vegetable oils; olive oil and its fractions, virgin, whether or not refined, but not chemically modified, which covers a specific classification for Olive Oil and related products in international trade.
It's important to note that the HS code classification may not always perfectly match the definition of Olive Oil in certain markets, as HS codes often encompass a broader range of similar products.

Export transactions from 2024

Transactions in this market
290
Exporters
89
Importers
105

Major exporters of Greece Olive Oil in 2024

DAMOURA BROS
GR flag
Greece
AGRICULTURAL COOPERATIVES UNION
GR flag
Greece
ALFA EXPORT LEONIDIS DIMITRIOS
GR flag
Greece
ASTIR SINGLE MEMBER
GR flag
Greece
KONSTANTOPOULOS SAOLYMP
GR flag
Greece

Major importers of Greece Olive Oil in 2024

CORFU FOODS
US flag
United States
JULIUS SILVERT
US flag
United States
EVROS
RU flag
Russia
AN DERINGER
US flag
United States
GRIK KESH END KERRI
RU flag
Russia

Historical export price trends

The export price of Olive Oil from Greece has fluctuated over the past 2 years. In 2023, the price varied between 1.09 USD per kg and 45.28 USD per kg. In 2024, the prices continued to fluctuate, ranging from 2.46 USD per kg to 44.86 USD per kg.
Year
Year
Low price
Low price
High price
High price
2022
$0.96/kg
$44.48/kg
2023
$1.09/kg
$45.28/kg
2024
$2.46/kg
$44.86/kg
The export transaction data for Greece Olive Oil is sourced from Bill of Lading (B/L) documents and customs reports. Tridge ensures data accuracy through human oversight and AI, handling missing values, outliers, and standardizing currencies and units. Note that price trends may vary based on country, product variety, or timeframe.

Verified manufacturers

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Olive Oil
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Olive Oil, Other Cheese, Apple Juice, Yoghurt, Feta Cheese, Deli Spread, Pomegranate Juice, Other Snacks
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Olive Oil
Export History: Africa, Asia, Europe, North America, Oceania
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Olive Oil, Fresh Apple, Fresh Kiwifruit, Fresh Pear, Chicken Egg, Dried Chickpea, Microgreen, Walnut Kernel, Raw Pistachio
Export History: Asia, Europe

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