` Chile Bets On Russia As Emerging Olive Oil Market - Olive Oil Times

Chile Bets On Russia As Emerging Olive Oil Market

Jan. 13, 2014
Charlie Higgins

Recent News

Chilean olive oil exporters have their sights set on an Asian giant: Russia.

Moscow’s Metropol lux­ury hotel was recently cho­sen as the loca­tion for the First Chilean Olive Oil Exhibition, where atten­dants had a chance to sam­ple a range of Chilean olive oil prod­ucts and learn about the South American country’s grow­ing indus­try. The event fea­tured seven of Chile’s top pro­duc­ers and was attended by Russian importers, dis­trib­u­tors and journalists.

It’s the first inter­na­tional exhi­bi­tion ded­i­cated to this prod­uct and demon­strates the impor­tance of Russia for the Chilean mar­ket,” said Efe Sebastian Pillado, direc­tor of ProChile’s com­mer­cial office in Moscow.

The Russian mar­ket for Chilean olive oil is still very new, with the first exports begin­ning in late 2011. By the end of 2012, exports were four times greater and val­ued at $153,000. Although in terms of quan­tity Chile is low on the list of coun­tries that export olive oil to Russia, the poten­tial is there, and Chilean pro­duc­ers feel strongly that they can com­pete on quality.

The Russian olive oil mar­ket grew by 10 per­cent between 2011 and 2012. It is a new, emerg­ing mar­ket that has great poten­tial for growth,” said Pillado.

Matin Foster, direc­tor of exports for Senzo Aceites de Oliva, one of the seven com­pa­nies rep­re­sented at the event, says he’s eager to place his prod­ucts in the Russian market.

Quality matters.
Find the world's best olive oils near you.

We’re cur­rently in talks with an importer to enter the Russian mar­ket. Olive oil is pen­e­trat­ing very strong in Russia and has grown con­sid­er­ably in recent years,” he said.

Russia is the fifth largest export mar­ket for Chilean food and bev­er­ages. In 2012, the coun­try rep­re­sented 0.55% of total exports, which included a wide range of prod­ucts like fruit, nuts, meat, fish and wine. In 2012, exports to Russia were val­ued at $435,174,138, accord­ing to Rusia Hoy.

Chile’s olive oil indus­try has been grow­ing steadly in recent years. In 2012, the coun­try exported 10,000 MT, gen­er­at­ing upwards of $36 mil­lion. Chilean olive oils have been awarded first prizes at inter­na­tional com­pe­ti­tions in the United States (L.A County Fair), Canada (Olive d’Or), Argentina (Olivinus), Italy (L’extravergine, BIOL Internacional, L’Orciolo d’Oro, Armonia) and China (Sial China).


Related News

Feedback / Suggestions