Olive oil stocked. Update of 31 January 2023

The Report is drawn up by the Icqrf on data recorded in the olive oil computerized registers (Rto), which on 31 January 2023 are 22,073. Olive oils: 315,445 tons in stock. Compared to 31 December 2022 a 1.5% increase was recorded (310,751 tons). Stocks are 10.8% lower than the stocks recorded the same period of last year

Thu 16 February 2023 | Knowledge > Economy

Olio Officina

Olive oil stocked. Update of 31 January 2023

The stock of olive oil in Italy on 31 January 2023 is 315,445 tons. Extra Virgin Olive Oil (EVO) represents the 75.0% of the stock. In the category of EVO oil, stocks of olive oil of Italian origin (138,087 t) represent the 58.4%, followed by those of EU origin 34.8%. 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 (52%) is stocked in the regions of southern Italy, with the significant contribution of the regions Puglia and Calabria (35.9% and 8.5%, respectively). At the provincial level, 19.2% of olive oil is stocked in the province of Bari, and 9.3% in Perugia.

[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 70.5% 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 67.7% 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 23.2 million litres of GI olive oil in stock, lower than the stocks recorded the 31 January 2022 (27.3 million litres), the PDO Terra di Bari represent the 34.7% and the first 20 names 97.2% of the total GIs olive oil stocked in Italy.

Overall, the PDO / PGI olive oil in stock is equal to 6.8% of the total olive oil stocked in Italy and represents 9.0% of the stored EVO oil.

The total stock of “extra virgin olive oil” and “virgin olive oil” from organic farming amounts to 41,215 tons (-15.1% of the value recorded the same period of last year), almost exclusively EVO (99.8%), equal to 17.4% of the overall EVO stocked in Italy. The olive oil BIO is mainly stocked in Puglia, Sicily, Tuscany, and Calabria.

Olive oil stocks 31 January 2023 vs. 31 January 2022

Olive oil stocks are lower (-10.8%) compared to 31 January 2022. This is mainly related to the reduction of EVO (-12.6%) and pomace olive oil (-7.0%).

On regard of EVO oil, it is important to remark that Italian EVO oil stocked (138,087 t) are 20.6% lower than the stock of January 2022.

Olive oil stocks 31 January 2023 vs. 31 December 2022

Compared to 31 December 2022, a 1.5% increase of olive oil stocks is recorded. This is related to the increase of all categories of olive oil.

The total increase is mainly due to the lampante olive oil (+11.2%). EVO oil is slightly higher (+0.8%) thanks to the increased stocks of products of EU origin (+8,002 t) and extra-EU origin (+2,939 t) that counterbalance the reduction of Italian EVO (-8,126 t).