IOC

DG AGRI DASHBOARD: OLIVE OIL Last update: 29.01.2019

EXTRA VIRGIN max. 0.8° Evolution since Evolution since Evolution since VIRGIN max. 2° Evolution since Evolution since LAMPANTE > 2° Evolution since Evolution since
Dec-2018 last month last year Dec-2018
251,9 Dec-2018
-21% last month last year
last month last year

SPAIN 283,5 €/100 kg 3% SPAIN €/100 kg 2% -27% SPAIN 235,2 €/100 kg 0%
ITALY ITALY 202,5
GREECE GREECE 221,3 -31%

EU Prices ITALY 579,3 €/100 kg 2% 32% 362,0 €/100 kg 7% 5% €/100 kg -1% -37%
267,7 €/100 kg 1% -16%
GREECE 283,2 €/100 kg -1% -18% €/100 kg 2% -20%

Monthly prices of extra virgin olive oil (national averages) Monthly prices of virgin olive oil (national averages) Monthly prices of lampante olive oil (national averages)
€/100kg
€/100kg Italy €/100kg Italy
400 Italy
650 Spain Spain 400
550 Greece
350 Greece 350 Spain
300
300 Greece
250
450 250
200
350 200
150
250

150 150

non-EU OLIVE OIL PRODUCTION (1000t) Other EU (-3%) EU OLIVE OIL PRODUCTION (1000t) Others non-EU (-10%) non-EU OLIVE OIL PRODUCTION (1000t)
EU Portugal (-20%) Sy rian Arab Republic (0%) va ri a tion 2018/19 vs 2017/18
Morocco (43%)
Production Greece (-42%) va ri a tion 2018/19 vs 2017/18 EU monthly production Turkey (-30%)
Italy (-57%) (MS’s communications) Tuni sia (-57%)
WORLD Spain (27%) Tot al non-EU (-19%)
Av erage 2013/14-2017/18
Average world 2013/14-2017/18 3.000 EU (-4%)
2.500
3500 3.252 3.177 3.314 2.000 Av erage 2013/14-2017/18
1.500
3.020 1.000 2.483 2.324 1.200 1128
912 19322 1.000
3000 770 2.458 2.562 464 109 2.186 2.108 1024 912
2500 1.024 810 320 108 800
2000 853 1.128 475 1.752 135 200 600 853 810 345 309
1500 346 185 400 100 100
1.435 69 770 299 323 312 140 200
195 429 105 263 183
61 182 255 120 110 110 120
300 160 130 110 280
1000 180 150 178 2018/19 (est.)
222 130 340 140 100 2017/18 (prov.)
17305
500 1.435 2.324 1.752 2.186 2.108 500 200 2014/15 2015/16 2016/17 (fin.)
2.483 2014/15 2015/16 0 2013/14
2016/17 (fin.) 2017/18 (prov.) 2018/19 (est.) 1.782 842 1.403 1.291 1.260 1.599
0 0 2014/15 2015/16

2013/14 2013/14

excl. pomace oil excl. pomace oil 2016/17 (fin.) 2017/18 (prov.) 2018/19 (est.)

30.000 Extra EU olive oil IMPORTS per CATEGORY (t)

200000 Extra EU olive oil EXPORTS per CATEGORY (t) EU Structure of olive oil tra de 2007-2017 wi th EXTRA-EU28
150000 (Mi o Eur)
25.000 100000 80.000 700000 2800
50000 70.000 600000 2400 ma rketing years october-september
0 60.000 500000 2000
20.000 50.000 400000 1600 2 263 2 428
40.000 300000 1200
EU Trade 30.000 200000 1 957 2 102
20.000 100000 800
15.000 10.000 0 400 1 552

10.000 0 0
-400
5.000 -800

0

2013/14 2014/15 2015/16 2016/17 2017/18 Oct-Nov 18

Cumulative quanti ties (permarketing year) Pomance oil (CN 1510) Cumulative quanti ties (permarketing year) Pomace oil (CN 1510) Export virgin lampant e Export pomace
"Olive oil" (CN 15099000) Virgin lampante ol ive oil (15091010) "Olive oil" (CN 15099000) Vir gin lampante ol ive oil (15091010) Export "olive oil" Export extra virgin+vi rgin other t han lampante
Vir gin other than lampante (CN 15091080) Extra virgin (CN15091020) Vir gin other than lam pante (CN 15091080) Extra virgin (CN 15091020) Import virgin lampante Import "olive oil"
Extra virgin + v irgi n other that l ampante (CN 15091090) Av erage previous 3 marketing y ears Extra virgin + v irgi n other than lampant e (CN 15091090) Av er age previous 3 marketing y ears Import extra virgin+v irgi n other than lampant e Import pomace
TRADE B ALANCE

3.400 3.076 OLIVE OIL CONSUMPTION (1000t)
3.000
1000 894 EU Olive oil ending stocks enging stocks Consumption2.600 1.726 2.916 2.980 3.003 2.950 EU olive oil balance sheet (1000t)
800 (1000t) EU Balance2.2001.350
600 Average last 5 years 1.800 2.726 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19
400 548 471 Sheet1.4002013/14 (fi na l ) (fi na l ) (fi na l ) (fi na l ) (prov.) (es t.)
EU Stocks 200 688 631 1.000
0 632 322 548
455 433 2.186 2.108
Sta rti ng s tocks 455 631 211 433
322 1.605 1.660 1.402 1.578 1.528 Producti on 2.483 1.435 2.324 1.752 180 109
211 1.324 1.425 1.422 Imports extra -EU 563 573
1.312 1.320 Exports extra -EU 53 225 98 91 1.578 1.528
2014/15 2015/16 Cons umpti on 601 508 574 558
Endi ng s tocks 1.726 1.605 1.660 1.402 548 471

2016/17 (fin.) 2017/18 (prov.) 2018/19 (est.) 631 211 433 322

WORLD EU non-EU Average world 2013/14-2017/18 excl. pomace olive oil
excl. pomace oil
Ending stocks on 30.9.; excl. olive pomace oil; FR & PT data updated September 2018

Sources: International Olive Council (IOC), MS declarations, Eurostat/Comext©, DG Agri estimations

EXTRA VIRGIN max. 0.8° Evolution since Evolution since
last month last year
Dec-2018
-21%
SPAIN 283,5 €/100 kg 3%
32%
ITALY 579,3 €/100 kg 2%
-18%
GREECE 283,2 €/100 kg -1%

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VIRGIN max. 2° Evolution since Evolution since
nce Dec-2018

last month last year

SPAIN 251,9 €/100 kg 2% -27%

ITALY 362,0 €/100 kg 7% 5%
GREECE 267,7 €/100 kg 1% -16%

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LAMPANTE > 2° Evolution since Evolution since
last month
Dec-2018 last year

SPAIN 235,2 €/100 kg 0% -31%
ITALY 202,5
GREECE 221,3 €/100 kg -1% -37%

€/100 kg 2% -20%

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Monthly prices of extra virgin olive oil (national averages)

€/100kg Italy

650 Spain
550 Greece

450

350

250

150

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Monthly prices of virgin olive oil (national averages)
€/100kg

400 Italy
Spain

350 Greece

300

250

200

150

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Monthly prices of lampante olive oil (national averages)

400 €/100kg Italy

350 Spain

300 Greece

250

200

150

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non-EU OLIVE OIL PRODUCTION (1000t)
EU

WORLD

Average world 2013/14-2017/18

3500 3.252 3.177 3.314

3000 770 2.458 853 2.562 3.020
2500 1.024 810 912
2000 1.128
1500

1000

500 1.435 2.324 1.752 2.186 2.108
2.483
2014/15 2015/16 2016/17 (fin.) 2017/18 (prov.) 2018/19 (est.)
0

2013/14

excl. pomace oil

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Other EU (-3%) EU OLIVE OIL PRODUCTION (1000t)
Portugal (-20%)

Greece (-42%) va ri a tion 2018/19 vs 2017/18 EU monthly production
Italy (-57%) (MS' communications
Spain (27%) R826/2008)

3.000 EU (-4%)
2.500
2.000 Av erage 2013/14-2017/18 2.324 1.752 2.186 2.108
1.500 2.483 108
1.000 19322 109 69 135 200
464 320 195 346 185
475 182
1.435 429

61
300

222

500 842 1.403 1.291 1.260 1.599

1.782 2014/15 2015/16 2016/17 (fin.) 2017/18 (prov.) 2018/19 (est.)
0

2013/14

excl. pomace oil

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Others non-EU (-10%) non-EU OLIVE OIL PRODUCTION (1000t)
Sy rian Arab Republic (0%) va ri a tion 2018/19 vs 2017/18
Morocco (43%)
Turkey (-30%)
Tuni sia (-57%)
Tot al non-EU (-19%)
Av erage 2013/14-2017/18

1.200 1128
1.000
1024 912
800
600 770 299 853 810 345 309
400 105 100 100
200 255 120 323 312 140 200
160 263 183
0 180 110 110 120
130 340 130 110 280
17305 150 178 2018/19 (est.)
2014/15 140 100 2017/18 (prov.)
2013/14
2015/16 2016/17 (fin.)

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30.000 Extra EU olive oil IMPORTS per CATEGORY (t)
25.000
20.000 200000
15.000 150000
10.000 100000
5.000 50000
0
0

Cumulative quanti ties (permarketing year) Pomance oil (CN 1510)
"Olive oil" (CN 15099000) Virgin lampante ol ive oil (15091010)
Virgin other than lampante (CN 15091080) Extra virgin (CN15091020)
Extra virgin + v irgi n other that l ampante (CN 15091090) Av erage previous 3 marketing y ears

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Extra EU olive oil EXPORTS per CATEGORY (t)

80.000 700000
70.000 600000
60.000 500000
50.000 400000
40.000 300000
30.000 200000
20.000 100000
10.000 0

0

Cumulative quantities (permarketing year) Pomace oil (CN 1510)
"Olive oil" (CN 15099000) Virgin lampante ol ive oil (15091010)
Virgin other than lampante (CN 15091080) Extra virgin (CN 15091020)
Extra virgin + v irgi n other than lampant e (CN 15091090) Av erage previous 3 marketing y ears

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2800 EU Structure of olive oil tra de 2007-2017 wi th EXTRA-EU28
2400 (Mi o Eur)
2000
1600 ma rketing years october-september
1200
800 2 263 2 428
400
1 957 2 102
0
-400 1 552
-800
2013/14 2014/15 2015/16 2016/17 2017/18 Oct-Nov 18

Export virgin lampant e Export pomace
Export "olive oil" Export extra virgin+vi rgin other t han lampante
Import virgin lampante Import "olive oil"
Import extra virgin+v irgi n other than lampant e Import pomace
TRADE B ALANCE

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1000 894 EU Olive oil ending stocks enging stocks
800 (1000t)
600 Average last 5 years
688 631 548 471
632 455

433

400

200 322
211

0

Ending stocks on 30.9.; excl. olive pomace oil; FR & PT data updated September 2018

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3.400 3.076 OLIVE OIL CONSUMPTION (1000t)
3.000
2.916 2.980 3.003 2.950

2.726

2.600

2.200 1.726 1.605 1.660 1.578
1.800 1.320 1.425
1.402 1.528
1.400 1.350 1.312 1.324 1.422
1.000
2013/14 2014/15
2015/16 2016/17 (fin.) 2017/18 (prov.) 2018/19 (est.)

WORLD EU non-EU Average world 2013/14-2017/18

excl. pomace oil

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EU olive oil balance sheet (1000t)

2013/14 2014/15 2015/16 2016/17 2017/18 2018/19
(fi na l ) (fi na l ) (fi na l ) (fi na l ) (prov.) (es t.)

Sta rti ng s tocks 455 631 211 433 322 548
Producti on 2.483 1.435 2.324 1.752 2.186 2.108
Imports extra -EU
Exports extra -EU 53 225 98 91 180 109
Cons umpti on 601 508 574 558 563 573
Endi ng s tocks 1.726 1.605 1.660 1.402 1.578 1.528

excl. pomace olive oil 631 211 433 322 548 471

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