• Analysis and Studies
• Olive Oil: a look at the market!

Olive oil is a premium and traditional product mostly from the Mediterranean basin. With its golden yellow color and rich taste, olive oil is often praised for its quality and cardiovascular health benefits. It is a key element of the Mediterranean diet, which is to say, the diet of countries like Italy, Spain, Greece, and Tunisia. Yet, it is also produced in California and Argentina. It is obtained by mechanical or physical processes, and the differences in the product are dependent on the area and the freshness of the fruit.

Olive oil is classified into 4 categories: extra virgin, virgin, pure, and refined. The difference is in the fatty acidic content, and extra virgin is the most premium one with a delicate taste.

Let’s take a look at the olive oil market: the total world trade is worth 7.77 billion dollars, and it represents 0.046% of world trade. Not surprisingly, the top olive oil exporters in 2020 were major Mediterranean countries such as Spain ($3.26 billion), Italy ($1.61 billion), Tunisia ($861 million), Portugal ($677 million), and Greece ($583 million). The United States ($1.47 billion), Italy ($1.46 billion), Spain ($560 million), France ($476 million), and Brazil ($425 million) were the top importers in 2020.

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