Economy

Olive oil stocked in Italy. Update f 31 December 2021

The Report is drawn up by the Icqrf on data recorded in the olive oil computerized registers, which at 31 December 2021 are almost 23,000. Olive oils: 299,075 tons in stocks. Compared to 30 November 2021 a 30.0% increase was recorded (230,138 tons). Stocks are 11.1% lower than the stocks recorded the same period of last year

Olio Officina

Olive oil stocked in Italy. Update f 31 December 2021

Summary

The stock of olive oil in Italy on 31 December 2021 is 299,075 tons. Extra Virgin Olive Oil (Evo) represents the 75.4% of the stock. In the category of Evo oil, stocks of olive oil of Italian origin (146,591 t) represent the 65.0%, followed by those of Eu origin 29.6%. The extra-Eu olive oil stocks and blend olive oils are marginal.

Where is physically stocked the olive oil in Italy?

More than half of the national olive oil (55%) is stocked in the regions of southern Italy, with the significant contribution of the regions Puglia and Calabria (37.5% and 10.1%, respectively). At the provincial level, 16.8% of olive oil is stocked in the province of Bari, 9.4% in Barletta-Andria- Trani, and 7.8% in Perugia province.

[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 3 regions (Puglia, Tuscany, and Calabria) hold the 62.7% 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 65.4% 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 24.9 million litres of Gi olive oil in stock, higher than the stocks recorded the 30 November 2021 (16.8 million litres), the Pdo Terra di Bari represent the 42.1% and the first 20 names 96.5% of the total GIs olive oil stocked in Italy.

Overall, the Pdo/ Pgi olive oil in stock is equal to 7.7% of the total olive oil stocked in Italy and represents 10.2% of the stored Evo oil.

The total stock of extra virgin olive oiland virgin olive oilfrom organic farming amounts to 39,449 tons, almost exclusively Evo (99.6%), equal to 17.4% of the overall Evostocked in Italy. The olive oil Bio is mainly stocked in Puglia, Calabria, Sicily, and Tuscany.

Olive oil stocks 31 December 2021 vs. 31 December 2020

Compared to 31 December 2020, olive oil stocks are 11.1% lower. This is related mainly to the reduction of Evo oil (-6.5%), pomace olive oil (-29.2%), and lampante olive oil (-24.2%). Anyway, a reduction in stocks of all categories of olive oils is recorded.

On regard of Evo oil, it is important to remark the reduction of the gap of Italian Evo oil stocked (-2.6% vs. -27.8% of 30 November, -30.5% del 31 October e -31.8% del 30 September).

Olive oil stocks 31 December 2021 vs. 30 November 2021

Compared to 30 November 2021, a 30.0% increase of olive oil stocks is recorded. This is related mainly to the increase of Evo oil (+35.3%), mainly of Italian origin (+53.0%), but also to pomace olive oil (+20.9%), and lampante olive oil (+15.0%).

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Olio Officina

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