Economy

Olive oil performance in 2017/18

The group of experts who are responsible for monitoring olive oil statistics for the IOC met on 1 October at headquarters in Madrid. According to the provisional data provided by the countries, global production reached 3 315 000 t in the 2017/2018 crop year, although the data is only provisional.

International Olive Council

Olive oil performance in 2017/18

Olive oil: provisional data for 2017/18. This indicates a 28% increase, 723 500 t more than the previous crop year. Consumption stands at around 2 958 000 t (+9%), and imports and exports total 889 000 t and 925 000 t respectively. The member countries of the IOC produced a total of 3 133 500 t, or 94.5% of the total world production for 2017/18.

EU countries accounted for 2 183 000 t, an increase of 25%. In Spain, production fell by 2.7% to 1 256 200 t, while increases were seen in Italy, with 428 900 t (+135.3%); Greece, with 346 000 t (+77.4%); and Portugal, with 134 800 t (+94.2%). Figures for other EU producer countries came to 17 100 t. In the other IOC member countries, production increased by 46.2% overall, with a total of 950 500 t.

This was led by Tunisia, with 280 000 t (+180%), followed by Turkey, with 263 000 t (+47.8%); Morocco, with 140 000 (+27.3%); Algeria, with 82 500 t (-31%); Argentina, with 43 500 t (+81.3%). Other member countries amount to 141 500 t.

Consumption in member countries totalled 2 958 000 t, an increase of 8.1% on the previous crop year. In other member countries, consumption is set to come in at around 2 103 000 t for a 9.7% year-on- year increase. In non-member countries, consumption will stay around 855 000 t (+4.2%) compared to the previous crop year.

Photo by Olio Officina

International Olive Council

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