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World - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

World - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: Jun 23, 2023

Top Import Markets for Virgin Olive Oil Around the Globe

Virgin olive oil is a highly sought-after product worldwide, known for its numerous health benefits and culinary uses. It is produced primarily in countries bordering the Mediterranean Sea, including Italy, Spain, and Greece. However, while these countries are major producers, they also have a significant demand for imported virgin olive oil. In this article, we will explore the top import markets for virgin olive oil and provide key statistics to highlight their significance in the global market.

1. Italy

Italy is not only the largest producer of virgin olive oil but also the leading importer. In 2022, Italy imported a staggering $1,634 million of virgin olive oil, making it the world's top import market. The demand for imported olive oil in Italy is driven by its robust culinary culture and high consumption of olive oil in various dishes. Italian consumers are known for their discerning taste and preference for high-quality olive oil, which often leads them to import from other countries.

2. United States

The United States is the second-largest import market for virgin olive oil, with an import value of $1,091 million in 2022. The popularity of Mediterranean cuisine and the increasing awareness of the health benefits of olive oil have contributed to the growing demand for imported virgin olive oil in the US. Additionally, the domestic production of olive oil in the US is not sufficient to meet the rising demand, making imports a crucial source to fulfill the market needs.

3. Spain

Spain is renowned for its olive oil production, but it also imports a significant amount of virgin olive oil. In 2022, Spain imported $534 million of virgin olive oil, making it the third-largest import market globally. The demand for imported olive oil in Spain is driven by the country's thriving culinary industry and its preference for a diverse range of olive oil flavors. Spanish consumers appreciate the unique characteristics of virgin olive oil from different regions and often import to cater to their specific taste preferences.

4. France

France is not only a major olive oil producer but also an important import market. In 2022, France imported $505 million of virgin olive oil, placing it fourth on the list of top import markets. The French have a rich culinary heritage and a strong emphasis on quality ingredients, making imported virgin olive oil a popular choice among consumers. French chefs and home cooks alike value the distinct flavors and aromas that different varieties of virgin olive oil bring to their dishes, leading to a significant import demand.

5. Brazil

Brazil, despite being a non-Mediterranean country, has emerged as a key import market for virgin olive oil. In 2022, Brazil imported $396 million of virgin olive oil, making it the fifth-largest importer globally. The Brazilian market's growth can be attributed to changing dietary preferences, increasing health consciousness, and a growing interest in Mediterranean cuisine. The demand for imported virgin olive oil in Brazil is expected to continue to rise as consumers become more aware of its nutritional value and culinary benefits.

These top import markets for virgin olive oil play a crucial role in the global olive oil trade. The demand from these countries drives the international market and provides opportunities for olive oil exporters worldwide. The import values mentioned above are based on the latest data available and highlight the significance of these markets in the industry.

It is important for olive oil producers and exporters to understand these key import markets and tailor their marketing and distribution strategies accordingly. By focusing on meeting the specific preferences and requirements of these countries, exporters can maximize their market share and capitalize on the growing demand for high-quality virgin olive oil.

As mentioned in the IndexBox market report, the import values mentioned above are subject to change over time due to various factors such as fluctuations in consumer demand, changes in trade policies, and shifts in global supply chains. Therefore, it is crucial for industry players to stay updated with the latest market trends and adapt their strategies accordingly.

In conclusion, Italy, the United States, Spain, France, and Brazil are the world's best import markets for virgin olive oil. These countries have robust demand for imported olive oil, driven by factors such as culinary culture, consumer preferences, and health consciousness. Olive oil producers and exporters should closely monitor these markets and capitalize on the opportunities they offer to expand their global presence and increase their export volumes.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global virgin olive oil market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 261 - Oil of Olives, Virgin

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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