Economy

Olive Oil stocked in Italy. Update of 31 December 2020

The Report is drawn up by the Icqrf on data recorded in the olive oil computerized registers (RTO), which at 31 December 2020 numbered 20,626. Olive oils: 336,404 tons in stocks. Compared to 30 November 2020 a 14.9% increase was recorded (292,797 tons). Stocks keep being higher than the stocks recorded the same period of last year (+12,4%)

Olio Officina

Olive Oil stocked in Italy. Update of 31 December 2020

The stock of olive oil in Italy on 31 December 2020 is 336,404 tons. Extra Virgin Olive Oil (EVO) represents the 71.7% of the stock. Among the EVO oil, the 62.4% (150,558 tons) is of Italian origin and the 32.1% is of EU origin. 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 (36.6% and 9.4%, respectively). At the provincial level, 17.2% of olive oil is stocked in the province of Bari, 9.5% in Perugia and 8.6% in Barletta-Andria-Trani 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 4 regions (Puglia, Tuscany, Umbria, and Calabria) hold the 70.0% 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 66.2% of the Italian olive oil.

Which olive oil in the olive mill Italy?

Despite the large number of GIs present (48), out of a total of 26.0 million litres of GI olive oil in stock, the PDO Terra di Bari represent itself the 40.2% and the first 20 names 96.7% of the total GIs olive oil stocked in Italy.

Overall, the PDO / PGI olive oil in stock is equal to 7.1% of the total olive oil stocked in Italy and represents 9.9% of the stored EVO oil.

The total stock of extra virgin olive oiland virgin olive oilfrom organic farming amounts to 37,136 tons, almost exclusively EVO (99.8%), equal to 15.4% of the overall EVO stocked in Italy. The olive oil BIO is mainly stocked in Puglia, Sicily, Calabria and Tuscany.

Olive oil stocks 31 December 2020 vs. 31 December 2019

Compared to 31 December 2019, olive oil stocks are 12.4% higher. This data is mainly justified by the changes in EVO oil stock (+16.3%), either Italian (+11.8%) and EU (+20.9%).

The lower quantities of virgin olive oil (-30.4%) and the higher quantities of olive oil and refined olive oil (+28.5%), and pomace olive oil (+10.1%) stocks deserve to be mentioned.

Olive oil stocks 31 December 2020 vs. 30 November 2020

Compared to 30 November 2020, a 14.9% increase of olive oil stocks was recorded. This is mainly related to the increase of EVO oil (+13.9%) and, in particular, of Italian EVO oil (+13.4%) and EU EVO oil (+18.9%).

Anyway, the increase is linked to the trend of all olive oil categories: lampante olive oil (+22.1%), pomace olive oil (+16.7%), olive oil and refined olive oil (+7.8%), virgin olive oil (+22.2%) and olive oil to be classified (+24.0%).

Photo by Olio Officina

Olio Officina

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