Latin America Olive Oil Market Growth and Forecast (2022 - 2027): The Latin America Olive Oil Market was worth USD xx billion in 2021 and estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2026.. Market Overview: Olive Oil is a liquid fat which is obtained from olives which is a crop typically grown in the Mediterranean basin. Nevertheless, olive oil remains a tiny share in U.S. consumption of all vegetable oils, which was more than 12 million tons in 2012.2 While consumption has grown, the U.S. production of olive oil has remained low. Consumption in IOC member countries would have reached 2,204,000 t, an increase of 3.4%, while in non-IOOC member countries consumption would have been around 1,030,000 t, an increase of 11.4% com- pared to the previous campaign. . We aimed to examine the association between olive oil intake and cortical and trabecular bone microarchitecture. Lebanon 9. Turkey 3. Others Production - Global Olive Oil Volume breakup of 12 Countries 1. 1990. Deoleo is a Spanish multinational company and is a world leader in sales of bottled olive oil. End-User - Global Olive Oil Market breakup from 3 viewpoints 1. Olive oil - estimate for the 2020/21 crop year Jordan 10. France 8. Olive oil in the EU. Trends in world olive oil consumption - IOC report. World consumption of olive oil increased 1.8 fold in volume between 1990/00 and 2015/16. In the year 2020, Vegetable Oil Industry was at USD 238.30 Billion, and it has grown from there year on year. Olive oil tastes different in every part of the world - it's also a great keepsake! Syrian 6. Morocco 4. Trends in Olive Oil Production in Mediterranean Countries. Country/Region. Oil statistics 2019, World oil supply and demand, 1971-2018. Results: Mean consumption of olive oil increased from 1.30 g/d in 1990 to 4.2 g/d in 2010, with decrease in margarines. US Oil Consumption data is updated yearly, averaging 17,609.969 Barrel/Day th from Dec 1965 to 2020, with 56 observations. The data reached an all-time high of 20,531.482 Barrel/Day th in 2005 and a record low of 11,512.436 Barrel/Day th in 1965. The main olive oil producing countries. Deoleo. During 24 years of follow-up, there were 9,797 incident cases of CVD, including 6,034 CHD and 3,802 stroke cases. License: All the material produced by Our World in Data, including interactive visualizations and code, are completely open access under the Creative Commons . Following is a list showing the top ten olive oil producing countries. The country is projected to maintain the high per capita vegetable oil consumption with a growth rate of 3.1% per annum. See Also: Olive Oil and Table Olive Imports Slip In January 2022, prices reached €3.20 per kilo­gram com­pared to €3.40 per kilo­gram reported in Spain. That growth bal­anced out the reduc­tion in Tunisian export vol­umes, which fell to 59,400 thou­sand tons com­pared with the 62,000 tons of the pre­vi­ous year. Olive Oil Market Global Forecast By Type, Industry, End-User, Consumption, Production, Import, Export Countries, Company Analysis Olive oil forms a different and tasty substitute to conventional edible oils. Morocco 4. Jordan 10. The robust growth of the olive fruit oil market in Europe is mainly attributed to the highest production of olive fruit oil in the region. In 2015/16, the volume of olive oil consumed at world level looks set to be around 4.6 pc higher than in 2014/15. 10. Following is the list of Top 10 Countries By Olive Oil Consumption as per US Department of Agriculture, 2011: S.No. And by a long way. Moroccan olive oil even won a 3rd place award for its taste in the International Olive Oil Council's tasting competition. Greeks consume more olive oil per capita than anyone else in the world—almost 13 kilograms annually in 2013-14 according to the International Olive Council (IOC), and even more in certain regions.. Americans, on the other hand, consume less than 1 . Demand for extra virgin olive oil has led the way. However, olive oil has been at the heart of the Mediterranean diet for centuries, which is why the countries that are bathed by this body of water, such as Spain, Italy . A Lebanese now consumes an average of 7.1 grams of olive oil daily compared to 43 grams of other vegetable oils (corn and sunflower oil). Turkey 3. Greece exports most of its olive oil to Italy and other countries such as the US, Canada, Japan, Australia, and China. Description: The map displayed here shows how Oil - consumption varies by country. The data is . Olive growing is Tunisia's main agricultural activity and contributes to more to the country's economy. As can be seen from Chart 1, this upward movement has been located primarily in non-IOC member countries whose share of world consumption climbed from 11 pc to 24 pc between the start and end years of the reporting period. Ans : the answer is Spain , It is used throughout the world but there are some countries where it is consumed more than rest of the world. Food Service 2. In 2015/16, the volume of olive oil consumed at world level looks set to be around 4 . 7. The report pointed out to a decrease in the consumption of olive oil in Lebanon. Syrian 6. CHANGES IN TABLE OLIVE CONSUMPTION. Even with Greece's high consumption rate, because their country is so small, they consume only 7%. Palm kernel oil is succeeded by Palm Oil, Soybean Oil and Olive Oil. The United States is the largest volume importer of olive oil globally, accounting for about 35 to 40% of world imports annually. After adjusting for major diet and lifestyle factors, compared with nonconsumers, those with higher olive oil . MADRID / 14.03.2022. Production Jun. Spain was the leading country in terms of per capita consumption, among the main consumers of virgin olive oil, followed by Tunisia (X kg/year), Greece (X kg/year), Morocco (X kg/year) and Italy (X kg/year). Turkey 3. Though not apparent in these figures, I have shown elsewhere that there is a marked variation between individual European countries. Recently, as noted, there was significant interest in Greek olive oil and its exports increased faster than the increase in consumption of the product, resulting in an increase in our market share, which remains limited (2.4% compared to 1, 7% in 2018). The U.S. olive industry only supplied 4,000 tons of olive oil in 2012, about 1.3 percent of olive oil marketed in the United . Greek olive oil exports to Korea began in the early 2000s and were on the rise. in the rest of the eu members per capita consumption is split between the countries that consume between 1 kg and 0.5 kg per year (in descending order: estonia, czech republic, finland latvia, germany, netherlands, sweden, slovenia, austria and the united kingdom) and those where it is below 0.4 kg (romania, poland, hungary, … Although olive oil consumption has been traditionally based in the Mediterranean countries, such as Spain, Italy, Morocco, Tunisia, and others, the burgeoning middle-income families and affluent consumers in countries, such as China, Brazil, and India, have begun including refined and virgin olive oil in their regular diet. The two main flavor profiles that almost everyone can distinguish are 1) Fruity/Sweet (like the banana peel, green apple, ripe tomato) and 2) Green/Grassy (wheatgrass, green tea leaf, mint, and herbs)," says Emil Merdzhanov, Owner of Georgetown Olive Oil Co. Chile 11. . End-User - Global Olive Oil Market 10.1 Food Service 10.2 Food Processing 10.3 Retail 11. The countries with the highest volumes of virgin olive oil consumption in 2021 were Italy (645K tonnes), Spain (516K tonnes) and United States (284K tonnes), with a combined 43% share of global consumption. EU-27 2. Publication types Review Of all of the oil that is produced and available in the world, the US devours about 9% of it each year. Morocco 4. Olive Oil Market will be US$ 17.73 Billion by 2027. Italy and Spain are the primary countries producing and supplying olive fruit oil to various countries in other regions. Typically, Italy and Greece are the next two largest producing countries. In that year, Turkey was the third largest consumer of olive oil, with an annual consumption that. The discrepancy between the amount of oil produced and/or imported and the amount consumed and/or exported is due to the omission of stock changes, refinery gains, and other complicating factors. Of the 3,200,000 tons produced annually, our . Olive Oil Market Trends in China : October 2021 $ 3000 2021 Olive Oil Market Outlook and Opportunities in the Post COVID recovery- What's next for companies, demand, Olive Oil market size, strategies, and countries to 2028 : July 2021 $ 4250 Europe Olive Oil Market Forecast 2021-2027, Industry Trends, Share, Insight, Growth, Impact of COVID-19, Opportunity Company Analysis Algeria 8 . This key economic indicator for the Olive Oil sector has been recently updated. , Feb 11, 2022 This statistic shows the leading consumers of olive oil worldwide in 2021/2022. Approximately 65% of olive oil production in the country is done in the Peloponnese region followed by Crete and the Aegean and Ionian Islands. Chile 11. The company sells its product in over 60 countries and has a product portfolio with 40 brands including Carbonell, Carapelli, Bertolli, And Sasso. The information below is based on the HS code 1509 (Olive oil and its fractions; whether or not refined, but not chemically modified). 4. Arab Republic 7. EU-27 2. Olive oil is a liquid fat obtained from olives (the fruit of Olea europaea; family Oleaceae), a traditional tree crop of the Mediterranean Basin, produced by pressing whole olives and extracting the oil.It is commonly used in cooking: for frying foods or as a salad dressing.It can be found in some cosmetics, pharmaceuticals, soaps, and fuels for traditional oil lamps. Algeria 7. Moroccan olive oil even won a 3rd place award for its taste in the International Olive Oil Council's tasting competition. Over the last decade there has been an important expansion in global olive oil production, which has increased by 35% from 1990-1991 to 2004-2005 (Figure 72.2), with a 3-year average production of 2.7 million tonnes in 2004-2006 (Figure 72.2).The greatest increases in production have occurred in the largest producing . Tunisia - 159,990 Coming fourth on our list is Tunisia with an average of 159,990 tons of olive oil produced from 1993-2014. Retail Consumption - Global Olive Oil Market & Volume breakup of 11 Countries 1. In Finland the intake of milk, potatoes, edible fats, and sugar products was very high. Global Forecast By Type, Industry, End-User, Consumption, Production, Import, Export Countries, Company Overviews, Recent Developments, Revenue Analysis. But consider this. Tunisia 5. Country : Domestic Consumption (1000 MT) 1: EU-27: 2,050.00: 2: United States . Oilseeds: World Markets and Trade. Morocco 4. It's the country which produces more than half of the olive oil produced in the world. olive oil, oil extracted from the fleshy part of the ripened fruit of the olive tree, Olea europaea. We're sure to see this country remaining on top, with olive oil that has distinctive flavours and textures. Food Processing 3. Around 4 million hectares, mainly in the EU Mediterranean countries, are dedicated to the cultivation of olives trees, combining traditional, intensive and super intensive groves. There is no doubt that it's Spain at number one. The Korone area in Messenia, Peloponnese, produces the highly sought olive, Koroneiki which is famed for its top aromatic qualities. Top Olive Consuming Countries in the World X. Spain (X Tonnes) X. Olive oil varies in colour from clear yellow to golden; some varieties obtained from unripe fruit have a greenish tinge. Algeria 8 . Table olives - provisional 2020/21 crop year and estimate 2021/22 crop year. Olive Oil Consumption in Spain Continues to Grow A new report from the country's Ministry of Agriculture, Food and Fisheries said olive oil consumption grew by more than three percent for the second straight year. Some examples for 2007 are cited: rapeseed oil represented 26% of European consumption, but ranged from 50% in Germany to 1% in Spain, palm oil represented 16% of European consumption, but ranged from 34% in UK to 10% in Spain, olive oil represented 7% of . Consumption - Global Olive Oil Market & Volume breakup of 11 Countries 1. China Of the total olive oil production in Greece, about 80% produced is . Greece typically produces the third largest amount of olive oil in the world, after Spain and Italy—around 300,000 metric tons per year. Get export value, price data, trends, and more. We analyzed 523 women aged 50 (9) year . the Mediterranean countries are reported to have highest consumption rates than all other nations in the world. By May 29, 2021 No Comments. Select a different HS code for other data. As can be seen from Chart 1, this upward movement has been located primarily in non-IOC member countries whose share of world consumption climbed from 11 pc to 24 pc between the start and end years of the reporting period. 5, 2020 USDA Predicts Global Olive Oil Production To Decrease Again In 2015/16, the volume of olive oil consumed at world level looks set to be around 4 . We're sure to see this country remaining on top, with olive oil that has distinctive flavours and textures. The most salient aspect of this trend is the regular growth of consumption in non-IOC member countries whose share of world consumption expanded from 11 pc to 24 pc between the starting and closing seasons of the . EU-27 2. In 2020 total worldwide oil consumption is expected to drop by 9% year over year compared to 2019 due to the COVID-19 pandemic according to the International Energy Agency (IEA). EU-27 2. World consumption of olive oil increased 1.8 fold in volume between 1990/00 and 2015/16. However, in terms of consumption by country, the United States is actually the third largest consumer of olive oil in the world, consuming about 9% of global olive oil production. List of world countries by Oil Consumption in million cubic feet (MMcf) and per capita. The olive oil market in Europe was USD 6.67 billion in 2019. Arab Republic 7. Olive Oil Consumption and Weight Change: The SUN Prospective Cohort Study M. Bes-Rastrolloa, A. Sánchez-Villegasa,b, C. de la Fuentea, J. de Iralaa, J.A. Oils of varying characteristics and qualities are produced by almost every country that grows olives, the variations depending on the district and the ripeness of the fruit. Because people there buy directly oil from farmers and as you know there are no invoices etc, the transactions aren't registered and this fakes the statistics. Global oil consumption per capita is 5 barrels of oil (199 gallons) per person yearly (based on the 2016 world population of 7,464,022,049 people) or 0.5 gallons per capita per day. Around 4 million hectares, mainly in the EU Mediterranean countries, are dedicated to the cultivation of olives trees, combining traditional, intensive and super intensive groves. The 7 Best Avocado Oils of 2022. oil consumption per capita by country. Olive oil tastes different in every part of the world - it's also a great keepsake! This is a list of countries by oil consumption. Table 39: World 14-Year Perspective for Olive Oil by Geographic Region/Country - Percentage Breakdown of Volume Consumption for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle . Turkey Domestic Consumption of Olive Oil increased 13.5% in 2019, compared to the previous year. Some saw their production and consequently. 72.2.2. The European Union is the leading producer, consumer and exporter of olive oil. In relation to per capita consumption, Greece ranks at the top, followed by Spain, Italy and Syria. In South East Asia (Brunei, Burma, Cambodia, Laos, Malaysia, Indonesia, Singapore, Thailand, and Vietnam) in 2011/12, consumption of palm oil (12.95 million tonnes) was divided between food use (7.14 mt, 55.2%), industrial use (5.54 mt, 42.8%), and other uses (0.27 mt, 2.1%). Rank. Top 5 Global Olive Oil Manufacturers. Others Production - Global Olive Oil Volume breakup of 12 Countries 1. The article presents an overview of olive oil consumption in Japan, Asia's largest per capita consumer and at present 14th in the world. olive oil falls when the average price of olive oil increases, but the percentage effect is small. Argentina 8. Since the early 1990s, total purchases have increased . (link is external) This monthly report includes data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade in oilseeds. Olive oil is possibly the single globally consumed and traded product most closely linked to the Mediterranean; non-Mediterranean countries account for less than 2.5 per cent of world production. See Also: Olive Oil and Table Olive Imports Slip In January 2022, prices reached €3.20 per kilo­gram com­pared to €3.40 per kilo­gram reported in Spain. The shade of the country corresponds to the magnitude of the indicator. See also: List of countries by Oil Consumption. The EU produces roughly 67% of the world's olive oil. Figure 2019-2024 Southeast Asia Extra Virgin Olive Oil Country-wise Consumption Share Table 2019-2024 Southeast Asia Extra Virgin Olive Oil Capacity Production Cost Profit and Gross Margin List Table Southeast Asia Extra Virgin Olive Oil Raw Material Suppliers Table Key End Users List Daily oil consumption by region from 1980 to 2006. The EU produces roughly 67% of the world's olive oil. Italy comes second with 1,877,222 tonnes yearly production. Since 2014 Brazil Domestic Consumption of Olive Oil rose 7.9% year on year at 85 Thousand Metric Tons. Heading the consumption line-up is Spain, followed by Italy and the United States. That growth bal­anced out the reduc­tion in Tunisian export vol­umes, which fell to 59,400 thou­sand tons com­pared with the 62,000 tons of the pre­vi­ous year. Consumption - Global Olive Oil Market & Volume breakup of 11 Countries 1. 8. The UK now consumes 28m litres of olive oil per annum, all of which is imported, and sales . According to Mallah7, this decrease is largely due to the rising prices of olive oil compared to those of other vegetable oils. Tunisia 5. 64 countries produce olive oil in the world, whereas 180 countries —out the approximately 200 existing countries— consume it. Martínezc, M.A. Olive oil consumption in the European Union countries moved in an upward direction until 2004/05, when it topped 2 000 000 t, then dropping gradually to 1996/97 levels (approximately 1 600 000 t). Argentina 8. Current proof of the high risk factors among the Greeks for coronary heart disease is not easy to find because most of the studies are old, but we found one that's recent enough to lead us to conclude that while the Mediterranean Diet is a factor, high olive oil consumption is the main driver of the historically low rates of CHD in the region and especially in Greece. However, to our knowledge, the association between olive oil intake and cortical and trabecular bone microarchitecture has never been evaluated in Spanish women. This statistic shows the consumption of olive oil worldwide from 2012/13 to 2021/22. Covers oilseeds (copra, cottonseed, palm kernel, peanut, rapeseed, soybean and sunflower seed), meal (copra, cottonseed, fish . In 2021/22, the global consumption volume of olive oil amounted to just under 3.2 million metric tons.. The wide range of benefits associated with olive oil consumption could contribute to explaining the low rate of cardiovascular mortality found in southern European-Mediterranean countries, in comparison with other westernized countries, despite a high prevalence of coronary heart disease risk factors. A 10% increase in the price of all olive oil would reduce U.S. total consumption of olive oil by about 2%. edited 1y. Request a Demo. Turkey . In Spain, per capita virgin olive oil consumption has grown noticably (+X% per year) in recent years. In 2019 Morocco was number 3 in Domestic Consumption of Olive Oil. Considering its nutritional value and taste, olive oil is being consumed by a huge pool of the global population. Countries by Olive Production. The UK share of the world consumption of olive oil has risen from 1.9% to 2.9% between 1990 and 2009. The world consumes 35,442,913,090 barrels of oil as of the year 2016, equivalent to 97,103,871 barrels per day. Syrian Arab Republic 6. It is further projected to achieve 15 kg per capita consumption by the end of 2028. Olive oil in the EU. Algeria 7. Figure-05: Global . Consumption - Global Olive Oil Market & Volume 11.1 EU-27 11.1.1 Market 11.1.2 Volume 11.2 Turkey 11.3 . The West Coast, specifically California, is number one in terms of olive farming and therefore of olive oil and extra virgin olive oil production, which has spiked since 2015. Turkey 3. Continue to 9 of 9 below. Tunisia 5. EU-27 2. Turkey (X Tonnes) X. Morocco (X Tonnes) X. Italy (X Tonnes) X. Greece (X Tonnes) Global Olives Consumption With nearly X thousand tonnes, Spain became the world's leading olive consuming country, mixed up X% of global consumption. The European Union is the leading producer, consumer and exporter of olive oil. World Olive Production by Country. The biggest rise in consumption is seen in the main producing member countries of the IOC. Although the bulk of production is still centered in the Mediterranean, consumption is growing all over the world. Olive oil has been demonstrated to enhance various cardiometabolic risk factors. Syrian Arab Republic 6. With 1,561,465 tonnes of production per year, Morocco is the third largest producer of olive. Interestingly though, because the US is so large, our consumuption of olive oil based on total world volumes is actually pretty high. Spain is the largest olive producer in the world with 9,819,569 tonnes production per year. Because of substitution among olive oils, the price elasticity of demand for each individual olive oil type is larger. Interestingly, each country and even each region within the same country had different food consumption patterns. Discover global export markets of Virgin Olive Oil. 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