`Olive Council: Production Expected to Rebound in 2021/22 Crop Year - Olive Oil Times
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Olive Council: Production Expected to Rebound in 2021/22 Crop Year

By Paolo DeAndreis
Jan. 19, 2022 09:50 UTC

Global olive oil pro­duc­tion reached 3,010,000 tons in the 2020/21 crop year, accord­ing to the lat­est data from the International Olive Council (IOC).

The final total for the pre­vi­ous crop year was about eight per­cent below the 3,266,500 tons reported in 2019/20.

However, the annual fig­ures pub­lished by the IOC show a par­tial rebound is expected in the 2021/22 crop year, with pro­duc­tion reach­ing 3,098,500 tons, about three per­cent more than the pre­vi­ous sea­son.

See Also:Global Olive Oil Imports Slip

The chal­leng­ing cli­mate in many parts of the world may have played a role in stress­ing olive groves and reduc­ing over­all pro­duc­tion in the cur­rent crop year.

An unusual and severe spring frost through­out Europe, heat­waves and drought across the Mediterranean basin and extra­or­di­nary cli­matic events, such as vio­lent hail­storms and large wild­fires, con­tributed to a com­plex sea­son for many pro­duc­ing coun­tries.

The IOC reported that 93 per­cent of the over­all olive oil pro­duc­tion – 2,809,500 tons – came from its 16 mem­ber coun­tries and the European Union.

Back in the 2020/21 crop year, the European Union out­per­formed the pre­vi­ous crop year’s results by 6.8 per­cent, pri­mar­ily due to the higher yields reported in Spain.

The world’s largest olive oil pro­ducer reported a 23-per­cent increase, reach­ing 1,389,000 tons. Meanwhile, pro­duc­tion in Greece was sta­ble at 275,000 tons, Italian yields fell 25 per­cent to 273,500 tons and Portugal saw its pro­duc­tion drop by 29 per­cent to 100,000 tons.

Outside the E.U., IOC data show an 8.7‑percent drop in Turkey, whose pro­duc­tion reached 210,000 tons and an increase of 10 per­cent in Morocco to 160,000 tons. Meanwhile, Algeria saw its pro­duc­tion drop 44 per­cent to 70,500 tons.

However, the biggest fall in pro­duc­tion in north­ern Africa was reported by Tunisia, whose yield dropped by 68 per­cent to 140,000 tons.

According to the IOC, olive oil con­sump­tion fell by more than four per­cent to 3,125,000 tons in the 2020/21 crop year. Of this total, IOC mem­ber coun­tries con­sumed 2,054,000 tons of olive oil.

The IOC fore­casts that world olive oil con­sump­tion will grow nearly three per­cent in the 2021/22 crop year to reach 3,214,500 tons.

The E.U. is expected to pro­duce 1,974,100 tons of olive oil in the same period, 3.8 per­cent less than the pre­vi­ous sea­son. Overall, the IOC expects mem­ber coun­tries will pro­duce 2,910,500 tons of olive oil.

The IOC has also esti­mated a 10-per­cent decrease in table olive pro­duc­tion in the 2020/21 crop year, with the total yield falling to 2,661,000 tons.

Spain expe­ri­enced 19-per­cent growth and pro­duced slightly more than 20 per­cent of table olives glob­ally. However, Egypt saw its table olive pro­duc­tion drop 23 per­cent.

For the 2021/22 crop year, the IOC expects to see a seven-per­cent pro­duc­tion increase to 2,486,500 tons, with con­sump­tion grow­ing 1.2 per­cent com­pared with the pre­vi­ous year.

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