`Global Olive Oil Consumption Continues to Outpace Production - Olive Oil Times

Global Olive Oil Consumption Continues to Outpace Production

Mar. 23, 2022
Paolo DeAndreis

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New data gath­ered by the International Olive Council (IOC) show that global olive oil con­sump­tion has exceeded olive oil pro­duc­tion dur­ing the last three crop years.

The IOC also empha­sized how it is the first time that such a trend has been reported for three con­sec­u­tive years.

(The data) shows how con­sump­tion reflects changes in con­sumer lifestyles. Covid-19 has changed our behav­ior, and con­sumers have shifted to pur­chas­ing bet­ter qual­ity prod­ucts.- Abdellatif Ghedira, exec­u­tive direc­tor, IOC

According to the IOC fore­casts for pro­duc­tion and con­sump­tion in mem­ber coun­tries, global olive oil con­sump­tion in the cur­rent sea­son should reach 3.215 mil­lion tons com­pared with a total pro­duc­tion of 3.1 mil­lion tons.

IOC fig­ures show that in the 2019/20 crop year, olive oil pro­duc­tion also stopped slightly short of con­sump­tion, with 3.266 mil­lion tons pro­duced com­pared with 3.268 mil­lion tons con­sumed.

See Also:Pakistan Set to Become Olive Council Member

Production fell to 3.010 mil­lion tons the fol­low­ing sea­son com­pared with the 3.125 mil­lion tons con­sumed.

Although glob­ally sta­ble dur­ing the last two crop years, con­sump­tion has not been affected by this slight drop in pro­duc­tion,” the IOC said.

According to Abdellatif Ghedira, the IOC exec­u­tive direc­tor, the fig­ures demon­strate an emerg­ing trend.

It shows how con­sump­tion reflects changes in con­sumer lifestyles,” Ghedira said. Covid-19 has changed our behav­ior, and con­sumers have shifted to pur­chas­ing bet­ter qual­ity prod­ucts, which has also led to an increase in the value of trade glob­ally.”

Looking at global con­sump­tion trends over a longer period, IOC data shows a sig­nif­i­cant increase in the last 20 years. In 2001/02, global con­sump­tion hit 2.606 mil­lion and steadily increased to 3.215 mil­lion tons.

The IOC data also show the steady growth in olive oil con­sump­tion in non-mem­ber coun­tries.

For exam­ple, between 1990/91 and 2019/20, olive oil con­sump­tion in the United States grew from 88,000 tons to 400,000 tons. Currently, the U.S. is the largest olive oil importer out­side of Europe, with more than 400,000 tons expected in the cur­rent sea­son.

The IOC also reported a slight increase in imports in 2021/22, up to 1.211 mil­lion tons. An increase was also recorded for exports, up to 1.189 mil­lion tons com­pared with the 1.1 mil­lion tons reported in the pre­vi­ous year.



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