`Imports Into Italy of European Olive Oil Soar - Olive Oil Times

Imports Into Italy of European Olive Oil Soar

Feb. 9, 2012
Julie Butler

Recent News

Imports into Italy of olive oil from Spain, Greece and other EU coun­tries have soared 40 per­cent in the last three years to reach 537,503 tons in 2010/11.

Italy remains by far the main des­ti­na­tion for intra-EU olive oil exports, tak­ing just over half of the total, accord­ing to the International Olive Council’s mar­ket newslet­ter for January (PDF).

Focusing this month on intra-EU olive oil trade, the newslet­ter reports France is the next biggest importer, with 12 per­cent, Portugal 9 per­cent, the UK and Germany 7 per­cent each, Spain 3 per­cent, and Belgium and the Netherlands 2 per­cent each.
See Also:IOC Newsletter
Of the non-pro­ducer EU coun­tries, Germany and the UK topped the import rank­ing with 63,542 tons and 61,999 tons respec­tively in 2010/11, up 12 per­cent and 4 per­cent respec­tively on 2007/08. Poland has dou­bled its import vol­ume over the same period to reach 9,831 tons. Notable increases also occurred in Denmark, up 33 per­cent to 5964 tons, Romania up 119 per­cent to 5810t and Finland up 60 per­cent to 2597 tons.

Intra-EU exports

Spain is the lead­ing exporter, account­ing for 72 per­cent of the intra-EU total. In 2010/11, it shifted 627,043t within the EU, the vast major­ity, 65 per­cent, to Italy, fol­lowed by Portugal, 13 per­cent, France, 10 per­cent, and the UK, 6 per­cent.

Italy was the sec­ond biggest exporter in 2010/11, with 16 per­cent of the total. It sends a third of its intra-EU exports to Germany, fol­lowed by France, 23 per­cent, and the UK, 13 per­cent.


The third biggest exporter, Greece, accounts for 9 per­cent of total EU exports. In 2010/11 it exported 79,575 tons — 84 per­cent of which went to Italy.

While total intra-EU imports in 2010/11 were 974,456 tons — up 23 per­cent over 2007/08 — exports totaled just 882,735 tons. As observed in the newslet­ter, Notably, the gap between intra-EU imports and exports has shot up from 41,021 tons in 2007/08 to 172,165 tons in 2010/11.” No expla­na­tion was offered, how­ever.

The IOC said the intra-EU trade data came from the EUROSTAT data­base and the 2010/11 fig­ures were pro­vi­sional and likely to change.

World olive oil trade

International trade fig­ures for October and November, the first two months in the 2011/12 crop year, show imports are up 41 per­cent in China, 12 per­cent in the US, 11 per­cent in Japan and 6 per­cent in Brazil but down 7 per­cent in Australia and 1 per­cent in Canada.

Producer prices

Compared with the same period a year ago, prices for extra vir­gin olive oil have slipped 13 per­cent in Spain (€1.74/kg), 5 per­cent in Greece (€1.84/kg) and 23 per­cent in Italy (€2.35/kg).

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