Olive oil stock. Update of 30 September 2023

The stock of olive oil in Italy on 30 September 2023 is 153,970 tons. Extra Virgin Olive Oil (EVO) represents the 68.4% of the stock. In the category of EVO oil, stocks of olive oil of Italian origin (38,681 t) represent the 36.7%, followed by those of EU origin 45.8%. Virgin olive oil represents just 1.8% of the stock.

Olive oil stocked in Italy

Where is physically stocked the olive oil in Italy?

The 44.4% of the national olive oil is stocked in the regions of southern Italy, with the significant contribution of the regions Puglia and Calabria (23.5% and 10.4%, respectively). At the provincial level, 14.2% of olive oil is stocked in the province of Bari, and 10.2% in Perugia.

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, Umbria, and Calabria) hold the 66.4% 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 65.7% of the Italian olive oil.

Which olive oil in the olive mill Italy?

Despite the large number of GIs present (50), out of a total of 5.4 million litres of GI olive oil in stock, lower than the stocks recorded the 30 September 2022 (10.6 million litres), the PDO Terra di Bari represent the 23.0% and the first 20 names 96.6% of the total GIs olive oil stocked in Italy.

Overall, the PDO / PGI olive oil in stock is equal to 3.2% of the total olive oil stocked in Italy and represents 4.7% of the stored EVO oil.

The total stock of “extra virgin olive oil” and “virgin olive oil” from organic farming amounts to 21,302 tons (-31.8% of the value recorded the same period of last year), almost exclusively EVO (99.1%), equal to 20.0% of the overall EVO stocked in Italy. The olive oil BIO is mainly stocked in Puglia, Tuscany, Sicily, and Liguria.

Olive oil stocks 30 September 2023 vs. 30 September 2022

Olive oil stocks are lower (-28.5%) compared to 30 September 2022. This is mainly related to the decrease of EVO (-36.3%) and pomace olive oil (-24.9%), partially counterbalanced by the increase of lampante olive oil (+37.2%).

On regard of EVO oil, it is important to remark that Italian EVO oil stocked (38,681 t) are lower than the stock of 30 September 2022 (-55.6%).

Olive oil stocks 30 September 2023 vs. 31 July 2023

Compared to 31 July 2023, a 23.6% decrease of olive oil stocks is recorded. This is related to the decrease of all categories of olive oil and, primarily, of EVO oil (-27.3%), mainly of Italian (- 22,298 t) and EU origin (-16,560 t), pomace olive oil (-25.2%) and olive oil and refined olive oil (- 14,6%).

Photo Olio Officina©

Olio Officina