Olive oil stocked in Italy. Update of 31 January 2022

The Report is drawn up by the Icqrf on data recorded in the olive oil computerized registers, which at 31 January 2022 are 22,613. Olive oils: 353,767 tons in stocks. Compared to 31 December 2021 a 18.3% increase was recorded (299,075 tons). Stocks are 1.5% higher than the stocks recorded the same period of last year.

Tue 15 February 2022 | Knowledge > Economy

Olio Officina

The stock of olive oil in Italy on 31 January 2022 is 353,767 tons. Extra Virgin Olive Oil, Evo, represents the 76.5% of the stock. In the category of Evo oil, stocks of olive oil of Italian origin (173,927 t) represent the 64.3%, followed by those of Eu origin 30.8%. 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 (57%) is stocked in the regions of southern Italy, with the significant contribution of the regions Puglia and Calabria (39.4% and 9.6%, respectively). At the provincial level, 18.0% of olive oil is stocked in the province of Bari, 10.3% in Barletta-Andria- Trani, and 9.0% 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 4 regions (Puglia, Tuscany, Calabria, and Umbria) hold the 71.7% 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 66.9% 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 27.3 million litres of Gi olive oil in stock, higher than the stocks recorded the 31 December 2021 (24.9 million litres), the Pdo Terra di Bari represent the 46.4% and the first 20 names 96.9% 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 9.3% of the stored Evo oil.

The total stock of “extra virgin olive oil” and “virgin olive oil” from organic farming amounts to 48,544 tons (+28.7% of the value recorded the same period of last year), almost exclusively Evo (99.8%), equal to 17.9% of the overall Evo stocked in Italy. The olive oil Bio is mainly stocked in Puglia, Calabria, Sicily, and Tuscany.

Olive oil stocks 31 January 2022 vs. 31 January 2021

Compared to 31 January 2021, olive oil stocks are 1.5% higher. This is related mainly to the increase of Evo oil (+8.4%), that partially counterbalance the reduction in lampante olive oil (- 28.7%), pomace olive oil (-10.5%), olive oil and refined olive oil (-13.4%), and virgin olive oil (- 27.8%).

On regard of Evo oil, it is important to remark the value of Italian Evo oil stocked (+17.0% vs. – 2.6% of 31 December, -27.8% of 30 November, -30.5% del 31 October e -31.8% del 30 September). This value almost reached the level recorded in January 2020 (175.000 t).

Olive oil stocks 31 January 2022 vs. 31 December 2021

Compared to 31 December 2021, a 18.3% increase of olive oil stocks is recorded. This is related mainly to the increase of Evo oil (+19.9%), either of Italian origin (+18.6%) or Eu origin (+24.8%), but also to pomace olive oil (+21.7%), and lampante olive oil (+14.7%).