Olive oil stocked in Italy. Update of 31 October 2022

The Report is drawn up by the Icqrf on data recorded in the olive oil computerized registers (Rto), which at 31 October 2022 are 21,770. Olive oils: 216,388 tons in stocks. Compared to 30 September 2022 a 0.5% increase was recorded (215,327 tons). Stocks are 11.1% higher than the stocks recorded the same period of last year.

Mon 14 November 2022 | Knowledge > Economy

Olio Officina

The stock of olive oil in Italy on 31 October 2022 is 216,388 tons. Extra Virgin Olive Oil (Evo) represents the 77.0% of the stock. In the category of Evo oil, stocks of olive oil of Italian origin (96,194 t) represent the 57.7%, followed by those of Eu origin 35.2%. The extra-Eu olive oil stocks and blend olive oils are marginal.

Olive oil stocked in Italy

Where is physically stocked the olive oil in Italy?

Almost half of the national olive oil (49%) is stocked in the regions of southern Italy, with the significant contribution of the regions Puglia and Calabria (32.5% and 8.8%, respectively). At the provincial level, 16.4% of olive oil is stocked in the province of Bari, and 7.1% in Barletta-Andria- Trani.

[1] The allocation of the Regions in the geographical areas follows the ISTAT scheme: North: Piedmont, Valle d’Aosta, Liguria, Lombardy, Trentino-Alto Adige, Veneto, Friuli – Venezia Giulia, Emilia-Romagna; Center: Tuscany, Umbria, Marche, Lazio; South: Abruzzo, Molise, Campania, Puglia, Basilicata, Calabria; Islands: Sicily, Sardinia

At the regional level, the top 4 regions (Puglia, Tuscany, Sicilia, and Calabria) hold the 69.5% of the total national stock.

At provincial level, it is clear a significant concentration of olive oil stocks: in the top 10 provinces is stocked the 63.6% of the Italian olive oil.

Which olive oil in the olive mill Italy?

Despite the large number of Gis present (49), out of a total of 13.7 million litres of GI olive oil in stock, higher than the stocks recorded the 31 October 2021 (10.2 million litres), the Pdo Terra di Bari represent the 30.3% and the first 20 names 95.7% of the total GIs olive oil stocked in Italy.
Overall, the Pdo / Pgi olive oil in stock is equal to 5.8% of the total olive oil stocked in Italy and represents 7.6% of the stored Evo oil.

The total stock of “extra virgin olive oil” and “virgin olive oil” from organic farming amounts to 32,744 tons (+40.1% of the value recorded the same period of last year), almost exclusively Evo (99.9%), equal to 19.6% of the overall Evo stocked in Italy. The olive oil Bio is mainly stocked in Puglia, Sicily, Tuscany, and Calabria.

Olive oil stocks 31 October 2022 vs. 31 October 2021

Olive oil stocks are higher (+11.1%) compared to 31 October 2021. This is related to the increase of Evo (+20.5%), partially counterbalanced by the reduction in lampante olive oil (-31.2%) and olive oil and refined olive oil (-15.3%).
On regard of Evo oil, it is important to remark that Italian Evo oil stocked are 49.0% higher than the same period of 2021.

Olive oil stocks 31 October 2022 vs. 30 September 2022

Compared to 30 September 2022, a 0.5% increase of olive oil stocks is recorded. This is related to the increase of Evo oil (+0.9%) and olive oil to be classified (+53.8%), partially counterbalanced by the reduction of olive oil and refined olive oil (-10.8%) and pomace olive oil (-4.3%).
The increase recorded in Evo is due to the increase of Italian (+9,011 t) higher than the reduction of Eu (-7,526 t) Evo oil stocks.