Economy

Olive oil stocked in Italy. Update of 30 September 2022

The Report is drawn up by the Icqrf on data recorded in the olive oil computerized registers (Rto), which at 30 September 2022 are 21,328. Olive oils: 215,327 tons in stocks. Compared to 31 July 2022 a 19.6% decrease was recorded (267,848 tons). Stocks are 2.2% higher than the stocks recorded the same period of last year

Olio Officina

Olive oil stocked in Italy. Update of 30 September 2022

The stock of olive oil in Italy on 30 September 2022 is 215,327 tons. Extra Virgin Olive Oil (Evo) represents the 76.8% of the stock. In the category of Evo oil, stocks of olive oil of Italian origin (87,183 t) represent the 52.7%, followed by those of Eu origin 40.1%. 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?

Almost half of the national olive oil (49%) is stocked in the regions of southern Italy, with the significant contribution of the regions Puglia and Calabria (32.0% and 9.1%, respectively). At the provincial level, 16.8% of olive oil is stocked in the province of Bari, 8.2% in Perugia provinces and 7.3% 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, Calabria, and Umbria) hold the 69.6% 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 66.6% 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 10.6 million litres of Gi olive oil in stock, higher than the stocks recorded the 30 September 2021 (8.7 million litres), the Pdo Terra di Bari represent the 48.1% and the first 20 names 97.4% of the total GIs olive oil stocked in Italy.
Overall, the Pdo / Pgi olive oil in stock is equal to 4.5% of the total olive oil stocked in Italy and represents 5.9% of the stored Evo oil.

The total stock of “extra virgin olive oil” and “virgin olive oil” from organic farming amounts to 31,244 tons (+34.6% of the value recorded the same period of last year), almost exclusively Evo (99.8%), equal to 18.9% of the overall Evo stocked in Italy. The olive oil Bio is mainly stocked in Puglia, Sicily, Tuscany, and Calabria.

Olive oil stocks 30 September 2022 vs. 30 September 2021

Olive oil stocks are slightly higher (+2.2%) compared to 30 September 2021. This is related to the increase of Evo (+9.8%), partially counterbalanced by the reduction in lampante olive oil (-44.1%) and pomace olive oil (-6.5%). On regard of Evo oil, it is important to remark that Italian Evo oil stocked are 34.4% higher than the same period of 2021.

Olive oil stocks 30 September 2022 vs. 31 July 2022

Compared to 31 July 2022, a 19.6% reduction of olive oil stocks is recorded. This is related to the decrease of all olive oil categories, but mainly of Evo (-19.6%), lampante olive oil (-28.3%) and pomace olive oil (-17.8%). The reduction recorded in Evo is due to the reduction of Italian (-21.6%) and Eu (-16.1%) Evo oil stocks.

 

Photo Olio Officina©

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