Economy

Olive oil stocked in Italy. Update of 30 November 2022

The Report is drawn up by the Icqrf on data recorded in the olive oil computerized registers (Rto), which at 30 November 2022 are 21,928. Olive oils: 269,012 tons in stocks. Compared to 31 October 2022 a 24.3% increase was recorded (216,388 tons). Stocks are 16.9% higher than the stocks recorded the same period of last year

Olio Officina

Olive oil stocked in Italy. Update of 30 November 2022

The stock of olive oil in Italy on 30 November 2022 is 269,012 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 (133,704 t) represent the 64.5%, followed by those of Eu origin 30.4%. 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 (54%) is stocked in the regions of southern Italy, with the significant contribution of the regions Puglia and Calabria (37.5% and 8.1%, respectively). At the provincial level, 17.9% of olive oil is stocked in the province of Bari, and 9.6% 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, Sicily, and Calabria) hold the 70.9% 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 65.5% 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 22.9 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 33.0% 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 7.8% of the total olive oil stocked in Italy and represents 10.2% of the stored Evo oil.

The total stock of “extra virgin olive oil” and “virgin olive oil” from organic farming amounts to 36,794 tons (+28.3% of the value recorded the same period of last year), almost exclusively Evo (99.9%), equal to 17.7% of the overall Evo stocked in Italy. The olive oil Bio is mainly stocked in Puglia, Sicily, Tuscany, and Calabria.

Olive oil stocks 30 November 2022 vs. 30 November 2021

Olive oil stocks are higher (+16.9%) compared to 30 November 2021. This is mainly related to the increase of Evo (+24.4%). In slight reduction the lampante olive oil (-8.2%) stocks.

On regard of Evo oil, it is important to remark that Italian Evo oil stocked are 39.6% higher than the same period of 2021.

Olive oil stocks 30 November 2022 vs. 31 October 2022

Compared to 31 October 2022, a 24.3% increase of olive oil stocks is recorded. This is related to the increase of all categories of olive oil, except for olive oil and refined olive oil, which stocks unchanged.

The total increase is mainly due to the Evo oil (+24.3%) either of Italian (+37,510 t) and Eu origin (+4,396 t).

Moreover, deserve to be mentioned the increase recorded for lampante (+42.2%) and pomace olive oil (+29.8%).

Photo Olio Officina©

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