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World - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Aug 1, 2024

World - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: Jul 23, 2024

Top Import Markets for Virgin Olive Oil

Virgin olive oil is one of the most popular and sought-after cooking oils in the world. Known for its health benefits and unique flavor profile, this versatile oil is a staple in many households and restaurants around the globe. With the increasing demand for high-quality olive oil, the import market for virgin olive oil has been growing steadily in recent years. In this article, we will take a closer look at the world's top import markets for virgin olive oil, based on the latest data from the IndexBox market intelligence platform.

1. Italy

Italy is the world's largest importer of virgin olive oil, with an import value of 2.3 billion USD in 2023. Known for its rich culinary tradition and high-quality olive oil production, Italy has a strong demand for virgin olive oil from other countries. The country imports olive oil from various regions, including Spain, Greece, and Tunisia, to meet the needs of its domestic market.

2. United States

The United States is the second-largest importer of virgin olive oil, with an import value of 1.6 billion USD in 2023. The growing awareness of the health benefits of olive oil has driven the demand for virgin olive oil in the US market. The country imports olive oil primarily from Mediterranean countries such as Spain, Italy, and Greece.

3. Spain

Spain is another major player in the global virgin olive oil import market, with an import value of 1.0 billion USD in 2023. As one of the largest producers of olive oil in the world, Spain also imports a significant amount of olive oil to meet the demand of its domestic market. The country imports olive oil from both neighboring Mediterranean countries and non-Mediterranean countries.

4. France

France is a key player in the virgin olive oil import market, with an import value of 732.0 million USD in 2023. Known for its culinary expertise and gourmet food culture, France has a strong demand for high-quality olive oil from around the world. The country imports olive oil from various countries, including Italy, Spain, and Greece.

5. Brazil

Brazil is one of the fastest-growing import markets for virgin olive oil, with an import value of 516.8 million USD in 2023. The increasing disposable incomes and changing dietary habits of Brazilian consumers have fueled the demand for olive oil in the country. Brazil imports olive oil from various regions, including Europe, North Africa, and South America.

6. Portugal

Portugal is a significant importer of virgin olive oil, with an import value of 440.4 million USD in 2023. Despite being a major producer of olive oil, Portugal still imports a considerable amount of olive oil to meet the needs of its domestic market. The country imports olive oil from neighboring countries such as Spain and Italy.

7. Germany

Germany is a major player in the global virgin olive oil import market, with an import value of 409.3 million USD in 2023. The growing popularity of Mediterranean cuisine and the increasing awareness of the health benefits of olive oil have driven the demand for olive oil in Germany. The country imports olive oil from various regions, including Spain, Italy, and Greece.

8. United Kingdom

The United Kingdom is a significant importer of virgin olive oil, with an import value of 279.8 million USD in 2023. Despite being a smaller market compared to other European countries, the UK has a growing demand for high-quality olive oil. The country imports olive oil primarily from Mediterranean countries such as Spain, Italy, and Greece.

9. Japan

Japan is an emerging import market for virgin olive oil, with an import value of 265.7 million USD in 2023. The increasing interest in Mediterranean cuisine and the health benefits of olive oil have driven the demand for olive oil in Japan. The country imports olive oil from various regions, including Spain, Italy, and Greece.

10. Canada

Canada is a significant importer of virgin olive oil, with an import value of 232.6 million USD in 2023. The growing awareness of the health benefits of olive oil and the increasing demand for gourmet food products have fueled the demand for olive oil in Canada. The country imports olive oil from various regions, including Europe, North Africa, and South America.

As the demand for high-quality olive oil continues to grow around the world, these top import markets play a crucial role in ensuring a steady supply of virgin olive oil to meet the needs of consumers. With the help of the IndexBox market intelligence platform, businesses and industry professionals can stay informed about the latest trends and developments in the global olive oil market, allowing them to make informed decisions and capitalize on emerging opportunities in this dynamic industry.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global virgin olive oil market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 261 - Oil of Olives, Virgin

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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