Analysis and Studies - Products analysis
Pure olive oil: an overview
November 21st 2023
Olive oil is a liquid fat got by pressing whole, and extracting the oil.
It’s typically used in cooking for frying foods or as a salad dressing. It can also be stumble on some cosmetics, pharmaceuticals and soaps
The olive is one of three essence food plants in Mediterranean cuisine, together with wheat and grapes. Spain is the world's largest raiser, manufacturing almost half of the world's olive oil.
Other large producers are Italy, Greece, Tunisia, Turkey and Morocco.
The composition of olive oil differs with the cultivar, altitude, time of harvest, and extraction process. Extra virgin olive oil is necessitated have no more than 0.8% free acidity and is contemplate to have favorable flavor characteristics.
It’s not clear where olive trees were first grown, but may have originated in Persia and Mesopotamia and spread later to North Africa.
Who introduced olive trees? Olive trees were introduced firstly to the Americas in the 16th century when sharecropping began on areas that take pleasure in climate similar to the Mediterranean such as Chile, Argentina and California.
In 2021 Pure olive oil was the world’s traded product, with a trade pf $9.22 billion.
To talk about imports and exports, the main exporters of this product were Spain, with exports valued at $3.93 billion, Italy whose exports amounted to $1.76 billion, Greece exports valued at $1.12 billion and Portugal and Tunisia, with exports valued respectively at $830 million and $690 million.
On the other hand the main importers of Pure olive were Italy with imports valued at $2.03 billion , United States with $1.52 billion, Spain with imports valued at $596 million, France, whose imports amounted to $580 million, and Germany with imports valued at $505 million.
About global consumption, Greece has by far the largest per capita consumption of olive oil worldwide, with around 24 liters per year. Nevertheless, also in Spain consumption of this product is 15 liters, in Italy 13 liters and in Canada consumption amounted at 1.5 liters per year.
Moreover there are some potential health effects about consumption of olive oil: in the United States the FDA (Food and Drug Administration, a federal agency of the Department of Health and Human Services) allows producers to place the following qualified health claim on product labels.
A 2014 meta-analysis ended that increased consumption of olive oil was associated with reduced risk of all-cause mortality, cardiovascular events.
Another meta-analysis in 2018 found high-polyphenol olive oil intake was connected with improved measures of total cholesterol and HDL cholesterol.
Fonti:
https://oec.world/en
https://data.worldbank.org/
https://www.trademap.org/