Economy

Olive oil stocked in Italy. Update of 30 June 2022

The Report is drawn up by the Icqrf on data recorded in the olive oil computerized registers (Rto), which at 30 June 2022 are 21,851. Olive oils: 288,053 tons in stocks. Compared to 31 May 2022 an 8.2% decrease was recorded (313,783 tons). Stocks are 2.1% lower than the stocks recorded the same period of last year.

Olio Officina

Olive oil stocked in Italy. Update of 30 June 2022

The stock of olive oil in Italy on 30 June 2022 is 288,053 tons. Extra Virgin Olive Oil (Evo) represents the 75.5% of the stock. In the category of Evo oil, stocks of olive oil of Italian origin (122,356 t) represent the 56.3%, followed by those of Eu origin 37.3%. 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?

More than half of the national olive oil (53%) is stocked in the regions of southern Italy, with the significant contribution of the regions Puglia and Calabria (35.7% and 9.4%, respectively). At the provincial level, 18.5% of olive oil is stocked in the province of Bari, 9.6% in Perugia provinces and 8.2% 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, Umbria, and Calabria) hold the 71.3% 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 66.3% 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 17.8 million litres of Gi olive oil in stock, higher than the stocks recorded the 30 June 2021 (14.3 million litres), the Pdo Terra di Bari represent the 49.6% and the first 20 names 97.3% of the total Gis olive oil stocked in Italy. Overall, the Pdo / Pgi olive oil in stock is equal to 5.7% of the total olive oil stocked in Italy and represents 7.5% of the stored Evo oil.

The total stock of “extra virgin olive oil” and “virgin olive oil” from organic farming amounts to 39,876 tons (+18.9% of the value recorded the same period of last year), almost exclusively Evo (99.9%), equal to 18.3% of the overall Evo stocked in Italy. The olive oil Bio is mainly stocked in Puglia, Calabria, Sicily, and Tuscany.

Olive oil stocks 30 June 2022 vs. 30 June 2021

Olive oil stocks are 2.1% lower compared to 30 June 2021. This is related to the decrease lampante olive oil (-38.8%) and pomace olive oil (-11.7%). An increase was recorded for stocks of Evo oil (+2.3%) and virgin olive oil (+32.5%). On regard of Evo oil, it is important to remark that Italian Evo oil stocked are 22.8% higher than the same period of 2021.

Olive oil stocks 30 June 2022 vs. 31 May 2022

Compared to 31 May 2022, an 8.2% reduction of olive oil stocks is recorded. This is related to the decrease of all olive oil categories, but mainly of Evo (-7.7%), pomace olive oil (-10.1%) and lampante olive oil (-12.9%). The reduction recorded in Evo is due to the reduction of Italian (-9,5%) and Eu (-5,9%) Evo oil stocks.

Photo Olio Officina©

Olio Officina

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