The stock of olive oil in Italy on 31 March 2023 is 299,179 tons. Extra Virgin Olive Oil (EVO) represents the 73.6% of the stock. In the category of EVO oil, stocks of olive oil of Italian origin (116,965 t) represent the 53.1%, followed by those of EU origin 39.1%. 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?
More than half of the national olive oil (50.2%) is stocked in the regions of southern Italy, with the significant contribution of the regions Puglia and Calabria (33.5% and 8.5%, respectively). At the provincial level, 19.0% of olive oil is stocked in the province of Bari, and 9.7% 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 70.1% 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 67.3% 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 19.0 million litres of GI olive oil in stock, lower than the stocks recorded the 31 March 2022 (23.3 million litres), the PDO Terra di Bari represent the 33.9% and the first 20 names 97.1% of the total GIs olive oil stocked in Italy.
Overall, the PDO / PGI olive oil in stock is equal to 5.8% of the total olive oil stocked in Italy and represents 7.9% of the stored EVO oil.
The total stock of “extra virgin olive oil” and “virgin olive oil” from organic farming amounts to 37,602 tons (-18.1% of the value recorded the same period of last year), almost exclusively EVO (99.9%), equal to 17.0% of the overall EVO stocked in Italy. The olive oil BIO is mainly stocked in Puglia, Tuscany, Sicily, and Calabria.
Olive oil stocks 31 March 2023 vs. 31 March 2022
Olive oil stocks are lower (-11.7%) compared to 31 March 2022. This is mainly related to the decrease of EVO (-14.2%) and pomace olive oil (-11.5%). A stock increase is recorded for olive oil and refined olive oil (+12.1%), lampante olive oil (+5.6%) and for virgin olive oil (+29.9%).
On regard of EVO oil, it is important to remark that Italian EVO oil stocked (116,965 t) are lower than the stock of 31 March 2022 (-26.0%).
Olive oil stocks 31 March 2023 vs. 28 February 2023
Compared to 28 February 2023, a 4.5% decrease of olive oil stocks is recorded. This is related to the decrease of all categories of olive oil and, primarily, of EVO oil (-4.5%), mainly of Italian origin (-12,226 t), partially counterbalanced by EU and Extra EU EVO oils.
Photo Olio Officina©