EU

Pric

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Pro

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EU

Trad

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Sto

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Con

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EU

Bala

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EU monthly production (MS’s communications)

DG AGRI DASHBOARD: OLIVE OIL Last update:

100

200

300

400

500

600

Monthly prices of extra virgin olive oil (national averages)€/100kg

Italy

Spain

Greece

100

150

200

250

300

350

400

Monthly prices of virgin olive oil (national averages)€/100kg

Italy

Spain

Greece

100

150

200

250

Monthly prices of lampante olive oil (national averages) €/100kg

Italy

Spain

Greece

1 435 2 324 1 752 2 188 2 264 1 918

1 024

853

810

1 185 955

1 133

2 458

3 177

2 562

3 373 3 2193 051

0

500

1 000

1 500

2 000

2 500

3 000

3 500

4 000

2014/15 2015/16 2016/17 2017/18 (fin.) 2018/19 (prov.) 2019/20 (for.)

OLIVE OIL PRODUCTION (1000t)non-EU

EU

WORLD

Average world 2014/15-2018/19

excl. pomace oil842 1 403 1 291 1 262 1 790 1 120

222

475

182429

174

365300

320

195

346

185

275

61

109

69

135100

1411 435

2 324

1 752

2 188 2 264

1 918

0

500

1 000

1 500

2 000

2 500

2014/15 2015/16 2016/17 2017/18 (fin.) 2018/19 (prov.) 2019/20 (for.)

EU OLIVE OIL PRODUCTION (1000t)variation 2019/20 vs 2018/19

Other EU (+18%)Portugal (+40%)Greece (+49%)Italy (+110%)Spain (-37%)EU (-15%)

excl. pomace oil

340140 100

325140

300

160

150 178

263

193.5

225120

130 110

140

200

145105

110 110

100

100

120

299

323 312

357

322

343

1024

853 810

1185

955

1133

0

200

400

600

800

1 000

1 200

1 400

2014/15 2015/16 2016/17 2017/18 (fin.) 2018/19 (prov.) 2019/20 (for.)

non-EU OLIVE OIL PRODUCTION (1000t)variation 2019/20 vs 2018/19

Others non-EU (7%)Syrian Arab Republic (+20%)Morocco (-28%)Turkey (+16%)Tunisia (+114%)Total non-EU (19%)Average 2014/15-2018/19

1 743

2 475

1 236

2 338 2 439

-800

-400

0

400

800

1 200

1 600

2 000

2 400

2 800

2014/15 2015/16 2016/17 2017/18 2018/19 Oct 19- Apr 20

EU Structure of olive oil trade 2013-2017 with EXTRA-EU28 (Mio Eur)

marketing years october-september

Export virgin lampante Export pomaceExport "olive oil" Export extra virgin+virgin other than lampanteImport virgin lampante Import "olive oil"Import extra virgin+virgin other than lampante Import pomaceTRADE BALANCE

688

894

455

631

211

433322

531

783607

0

200

400

600

800

1 000 EU Olive oil ending stocks(1000t) enging stocks

Average last 5 years

Ending stocks on 30.9.; excl. olive pomace oil.

2 857 2 915

2 654

2 9572 863

3 059

1 545 1 596

1 3301 532 1 442

1 544

1 3121 320 1 324 1 425 1 422

1 516

1 000

1 400

1 800

2 200

2 600

3 000

3 400

2014/15 2015/16 2016/17 (fin.) 2017/18 (prov.) 2018/19 (est.) 2019/20 (for.)

OLIVE OIL CONSUMPTION (1000t)

WORLD EU non-EU Average world 2014/15-2018/19excl. pomace oil

29.06.2020

Sources: International Olive Council (IOC), MS declarations, Eurostat/Comext©, DG Agri estimations

0

50 000

100 000

150 000

200 000

0

5 000

10 000

15 000

20 000

25 000

30 000

35 000

40 000

oct. 2015 oct. 2016 oct. 2017 oct. 2018 oct. 2019

Extra EU olive oil IMPORTS per CATEGORY (t)

Cumulative quantities (permarketing year) Pomance oil (CN 1510)

"Olive oil" (CN 15099000) Virgin lampante olive oil (15091010)

Virgin other than lampante (CN 15091080) Extra virgin (CN15091020)

Extra virgin + virgin other that lampante (CN 15091090) Average previous 3 marketing years

0

100 000

200 000

300 000

400 000

500 000

600 000

700 000

0

10 000

20 000

30 000

40 000

50 000

60 000

70 000

80 000

90 000

oct. 2015 oct. 2016 oct. 2017 oct. 2018 oct. 2019

Extra EU olive oil EXPORTS per CATEGORY (t)

Cumulative quantities (permarketing year) Pomace oil (CN 1510)

"Olive oil" (CN 15099000) Virgin lampante olive oil (15091010)

Virgin other than lampante (CN 15091080) Extra virgin (CN 15091020)

Extra virgin + virgin other than lampante (CN 15091090) Average previous 3 marketing years

2014/15

(final)

2015/16

(final)

2016/17

(final)

2017/18

(prov.)

2018/19

(est.)

2019/20

(for.)

Starting stocks 631 211 433 322 531 783

Production 1 435 2 324 1 752 2 188 2 264 1 918

Imports extra-EU 261 140 88 182 171 200

Exports extra-EU 563 630 616 624 709 750

Consumption 1 545 1 596 1 330 1 532 1 442 1 544

Ending stocks 211 433 322 531 783 607

excl. pomace olive oil

EU olive oil balance sheet (1000t)

205.9

345.8

217.5

EXTRA VIRGIN max. 0.8°

SPAIN €/100 kg

ITALY

GREECE

Evolution since last month

-2%

2%

Evolution since last year

-12%

-33%

3% -19%€/100 kg

€/100 kg

May-2020

164.1

150.8

118.1

€/100 kg

€/100 kg

€/100 kg

Evolution since last month

-5%

-2%

Evolution since last year

-14%

-6%

0% -37%

LAMPANTE > 2°

SPAIN

ITALY

GREECE

May-2020Evolution since

175.0

191.5

146.5

€/100 kg

€/100 kg

€/100 kg

Evolution since last month

-4%

2%

Evolution since last year

-15%

-45%

8% -42%

VIRGIN max. 2°

SPAIN

ITALY

GREECE

May-2020

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205.9

345.8

217.5

EXTRA VIRGIN max. 0.8°

SPAIN €/100 kg

ITALY

GREECE

Evolution since last month

-2%

2%

Evolution since last year

-12%

-33%

3% -19%€/100 kg

€/100 kg

May-2020

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Evolution since

175.0

191.5

146.5

€/100 kg

€/100 kg

€/100 kg

Evolution since last month

-4%

2%

Evolution since last year

-15%

-45%

8% -42%

VIRGIN max. 2°

SPAIN

ITALY

GREECE

May-2020

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164.1

150.8

118.1

€/100 kg

€/100 kg

€/100 kg

Evolution since last month

-5%

-2%

Evolution since last year

-14%

-6%

0% -37%

LAMPANTE > 2°

SPAIN

ITALY

GREECE

May-2020

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100

200

300

400

500

600

Monthly prices of extra virgin olive oil (national averages)€/100kg

Italy

Spain

Greece

back to DashboardPrevious

PageNext

100

150

200

250

300

350

400

Monthly prices of virgin olive oil (national averages)€/100kg

Italy

Spain

Greece

back to DashboardPrevious

PageNext

100

150

200

250

Monthly prices of lampante olive oil (national averages) €/100kg

Italy

Spain

Greece

back to DashboardPrevious

PageNext

1 435 2 324 1 752 2 188 2 264 1 918

1 024

853

810

1 185 955

1 133

2 458

3 177

2 562

3 373 3 2193 051

0

500

1 000

1 500

2 000

2 500

3 000

3 500

4 000

2014/15 2015/16 2016/17 2017/18 (fin.) 2018/19 (prov.) 2019/20 (for.)

OLIVE OIL PRODUCTION (1000t)non-EU

EU

WORLD

Average world 2014/15-2018/19

excl. pomace oil

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EU monthly production (MS' communications R826/2008)

842 1 403 1 291 1 262 1 790 1 120

222

475

182429

174

365300

320

195

346

185

275

61

109

69

135100

1411 435

2 324

1 752

2 188 2 264

1 918

0

500

1 000

1 500

2 000

2 500

2014/15 2015/16 2016/17 2017/18 (fin.) 2018/19 (prov.) 2019/20 (for.)

EU OLIVE OIL PRODUCTION (1000t)variation 2019/20 vs 2018/19

Other EU (+18%)Portugal (+40%)Greece (+49%)Italy (+110%)Spain (-37%)EU (-15%)

excl. pomace oil

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340140 100

325140

300

160

150 178

263

193.5

225120

130 110

140

200

145105

110 110

100

100

120

299

323 312

357

322

343

1024

853 810

1185

955

1133

0

200

400

600

800

1 000

1 200

1 400

2014/15 2015/16 2016/17 2017/18 (fin.) 2018/19 (prov.) 2019/20 (for.)

non-EU OLIVE OIL PRODUCTION (1000t)variation 2019/20 vs 2018/19

Others non-EU (7%)Syrian Arab Republic (+20%)Morocco (-28%)Turkey (+16%)Tunisia (+114%)Total non-EU (19%)Average 2014/15-2018/19

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0

50 000

100 000

150 000

200 000

0

5 000

10 000

15 000

20 000

25 000

30 000

35 000

40 000

oct. 2015 oct. 2016 oct. 2017 oct. 2018 oct. 2019

Extra EU olive oil IMPORTS per CATEGORY (t)

Cumulative quantities (permarketing year) Pomance oil (CN 1510)

"Olive oil" (CN 15099000) Virgin lampante olive oil (15091010)

Virgin other than lampante (CN 15091080) Extra virgin (CN15091020)

Extra virgin + virgin other that lampante (CN 15091090) Average previous 3 marketing years

back to DashboardPrevious

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0

100 000

200 000

300 000

400 000

500 000

600 000

700 000

0

10 000

20 000

30 000

40 000

50 000

60 000

70 000

80 000

90 000

oct. 2015 oct. 2016 oct. 2017 oct. 2018 oct. 2019

Extra EU olive oil EXPORTS per CATEGORY (t)

Cumulative quantities (permarketing year) Pomace oil (CN 1510)

"Olive oil" (CN 15099000) Virgin lampante olive oil (15091010)

Virgin other than lampante (CN 15091080) Extra virgin (CN 15091020)

Extra virgin + virgin other than lampante (CN 15091090) Average previous 3 marketing years

back to DashboardPrevious

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1 743

2 475

1 236

2 338 2 439

-800

-400

0

400

800

1 200

1 600

2 000

2 400

2 800

2014/15 2015/16 2016/17 2017/18 2018/19 Oct 19- Apr 20

EU Structure of olive oil trade 2013-2017 with EXTRA-EU28 (Mio Eur)

marketing years october-september

Export virgin lampante Export pomaceExport "olive oil" Export extra virgin+virgin other than lampanteImport virgin lampante Import "olive oil"Import extra virgin+virgin other than lampante Import pomaceTRADE BALANCE

back to DashboardPrevious

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688

894

455

631

211

433322

531

783607

0

200

400

600

800

1 000 EU Olive oil ending stocks(1000t) enging stocks

Average last 5 years

Ending stocks on 30.9.; excl. olive pomace oil.

back to DashboardPrevious

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2 857 2 915

2 654

2 9572 863

3 059

1 545 1 596

1 3301 532 1 442

1 544

1 3121 320 1 324 1 425 1 422

1 516

1 000

1 400

1 800

2 200

2 600

3 000

3 400

2014/15 2015/16 2016/17 (fin.) 2017/18 (prov.) 2018/19 (est.) 2019/20 (for.)

OLIVE OIL CONSUMPTION (1000t)

WORLD EU non-EU Average world 2014/15-2018/19excl. pomace oil

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2014/15

(final)

2015/16

(final)

2016/17

(final)

2017/18

(prov.)

2018/19

(est.)

2019/20

(for.)

Starting stocks 631 211 433 322 531 783

Production 1 435 2 324 1 752 2 188 2 264 1 918

Imports extra-EU 261 140 88 182 171 200

Exports extra-EU 563 630 616 624 709 750

Consumption 1 545 1 596 1 330 1 532 1 442 1 544

Ending stocks 211 433 322 531 783 607

excl. pomace olive oil

EU olive oil balance sheet (1000t)