`Olive Council Projects Slight Decrease in Olive Oil Consumption - Olive Oil Times

Olive Council Projects Slight Decrease in Olive Oil Consumption

By Costas Vasilopoulos
Mar. 17, 2021 07:31 UTC

Preliminary data released by the International Olive Council (IOC) indi­cate that global olive oil con­sump­tion will reach 3,185,500 tons in the 2020/21 crop year.

The fore­cast rep­re­sents a 1.5‑percent reduc­tion com­pared with the pre­vi­ous crop year when olive oil con­sump­tion reached a record-high 3,234,000 tons.

The pro­jected decrease fol­lows an increase of 5.8 per­cent in the 2019/20 year com­pared with the pre­vi­ous one, the IOC report said.

See Also:Olive Council Sets Out to Study Global Consumption Trends

Overall, global olive oil con­sump­tion has increased by 91 per­cent from the 1990/91 crop year to the 2018/19 crop year, ris­ing from 1,666,500 tons to slightly more than 3,057,000 tons.

In the 2019/20 sea­son, the largest con­sumer was the European Union, account­ing for almost half of global con­sump­tion. Other major con­sumers were the United States and Turkey, rep­re­sent­ing 12.4 per­cent and 5.4 per­cent of total con­sump­tion, respec­tively.

The lead­ing E.U. pro­duc­ers also demon­strated an increased appetite for olive oil in terms of per capita con­sump­tion: the Greeks remain the world’s top olive oil con­sumers, tak­ing in 11.5 kilo­grams of olive oil per year, while Spain and Italy rank sec­ond and third with 10.6 kilo­grams and 7.5 kilo­grams per capita per annum.

Outside of the European Union, Albania and Syria top the list with a per capita con­sump­tion of 4.7 kilo­grams and 4.4 kilo­grams, respec­tively.

In terms of world trade, large con­sumer mar­kets such as the U.S., Japan and Canada have increased their imports of olive oil and olive pomace oil by 12 per­cent, eight per­cent and 28 per­cent over the first two months of the cur­rent crop year – October and November 2020 – com­pared to the same period last year.

In China, on the other hand, imports fell by 55 per­cent dur­ing the same period, but con­sump­tion is expected to con­tinue grow­ing in the world’s most pop­u­lous nation.

The United States remains the world’s top importer of olive oil, bring­ing in an aver­age of 36 per­cent of all global olive oil imports in the last six crop years, the IOC said.


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