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Asia

Russian Olive Oil Imports Slip

By Olive Oil Times Staff
May. 12, 2015 13:46 UTC
Summary Summary

In terms of olive oil con­sump­tion, Russia’s usage is rel­a­tively high com­pared to China and India, with the aver­age Russian con­sum­ing 250ml of olive oil per year while the aver­age per­son in China con­sumes less than 2 table­spoons annu­ally. Despite a ten-fold increase in Russian olive oil imports since 2001, recent data shows a 30 per­cent drop in imports com­pared to the pre­vi­ous year, while China’s olive oil imports have sig­nif­i­cantly decreased since peak­ing in the 2011/2012 sea­son.

When it comes to olive oil usage among the big Asian coun­tries, Russians con­sump­tion seems prac­ti­cally Greek when com­pared with China and India.

While Russia and China both imported about 35,000 tons of olive oil last year, accord­ing to the lat­est report by the International Olive Council (IOC), Russia has about one-tenth of China’s pop­u­la­tion.

The aver­age Russian con­sumed a respectable 250ml of olive oil last year while the aver­age per­son in China con­sumed less than 2 table­spoons all year. Adoption in India is even more minis­cule.

Since 2001, the IOC reported, Russian olive oil imports grew by ten-fold to nearly 35,000 tons. Spain pro­vided most of the sup­ply (56 per­cent), fol­lowed by Italy (30 per­cent) and Greece (9 per­cent).

However, if you look at this year-to-date, the IOC fig­ures show, the trend has shifted with imports drop­ping 30 per­cent in the last three months of data over the same period last year.

As for China, after peak­ing in the 2011/2012 sea­son at 46,000 tons, olive oil imports in the world’s most pop­u­lous coun­try have been sharply lower.

The IOC also reported that the price for Italian olive oil has sta­bi­lized at €5.94/kg as of the end of April. Prices for Spanish, Tunisian and Greek extra vir­gin olive oils have all shown an upward trend over the past 12 months.


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