Olive Oil stocked in Italy. Update of 31 July 2021
The Report is drawn up by the ICQRF on data recorded in the olive oil computerized registers (RTO), which at 31 July 2021 are almost 23,000. Olive oils: 265,391 tons in stocks. Compared to 30 June 2021 an 9.8% decrease was recorded (294,357 tons). Stocks are 10.8% lower than the stocks recorded the same period of last year
The stock of olive oil in Italy on 31 July 2021 is 265.391 tons. Extra Virgin Olive Oil (EVO) represents the 72.4% of the stock. In the category of EVO oil, it should be noted that stocks of oil of EU origin (46.4%) overtook those of Italian origin 45.9% (88,270 t). 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 (33.6% and 8.1%, respectively). At the provincial level, 17.8% of olive oil is stocked in the province of Bari, 10.5% in Perugia and 6.8% in Barletta-Andria-Trani province.
 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 69.9% 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 68.4% 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 12.4 million litres of GI olive oil in stock, the PDO Terra di Bari represent the 36.5% and the first 20 names 95.6% of the total GIs olive oil stocked in Italy.
Overall, the PDO / PGI olive oil in stock is equal to 4.3% 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 30,494 tons, almost exclusively EVO (98.9%), equal to 15.7% of the overall EVO stocked in Italy. The olive oil BIO is mainly stocked in Puglia, Tuscany, Sicily, and Calabria.
Olive oil stocks 31 July 2021 vs. 29 July 2020
Compared to 29 July 2020, olive oil stocks are 10.8% lower. This is related mainly to the reduction of EVO oil (-8.5%), pomace olive oil (-25.9%) and lampante olive oil (-8.7%). Anyway, a reduction in stocks of all categories of olive oils is recorded.
On regard of EVO oil, it is important to remark the strong reduction of Italian EVO oil (-26.0%), partially counterbalanced by the increase of EU EVO oil (+16.6%).
Olive oil stocks 31 July 2021 vs. 30 June 2021
Compared to 30 June 2021, an 9.8% decrease of olive oil stocks is recorded. This is related mainly to the reduction of EVO oil (-9.7%), lampante olive oil (-16.8%) and pomace olive oil (-13.1%). Anyway, a reduction in stocks of other categories of olive oils is recorded. Keep going the reduction of Italian EVOO (-11.4%).
Photo by Olio Officina
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