Trends in US olive oil imports: bulk and packaged

Home > News & Articles > Trends in US olive oil imports: bulk and packaged
USA olive oil import

Over the last two decades, US imports of olive oil and olive pomace oil have increased almost two and a half times, rising from 125 000 t in 1993/94 to 311 000 t in 2014/15 (Chart 1). In this month’s issue we will look at how imports have evolved over time in terms of the grades of olive oil imported and container type.

In 1993/94, product packaged in containers < 18 kg accounted for 88 pc of US imports but by 2014/15 this share was no more than 58.2 pc. Sales of packed oils have therefore lost 29.8 points to bulk oils. Italy was the source of 72 pc of the 125,000 t imported in 1993/94, with imports split between virgin olive oil (22 pc), olive oil (50 pc) and olive pomace oil (1 pc). The remainder came largely from Spain (9 pc), Greece (3 pc) and Turkey (2.5 pc).

In 2014/15, when US imports totalled more than 311 000 t, the trend had reversed and more olive oil was being imported in bulk than in bottles. Since 2000/01 there has also been a move towards quality among US consumers. This is shown by the fact that in 1993/94 virgin olive oil had a 32 pc share of total imports. In 2014/15 this share had expanded to 67 pc (Chart 2).

Trends_in_US_olive_oil_imports__bulk_and_packaged___1As mentioned above, 58.2 pc of the oil imported into the United States in 2014/15 was in containers 18 kg, of which 19 pc was from Spain, followed by Tunisia (13 pc), Morocco (3 pc), Argentina (2 pc), Italy (1.6 pc), Chile (1.5 pc) and the rest of the countries. Virgin olive oil was the most popular grade for imports in this category of container (24 pc of the total, of which 17 pc extra virgin, 5 pc organic extra virgin and 2 pc virgin).
2
Thirteen per cent belonged to the olive oil grade and 4 pc was olive pomace oil. Chart 4 plots the trend of US imports of the two chief categories of product – virgin olive oil (150910) and olive oil (150990) – by container size over the past 20 crop years. Notably, until 2001/02, packaged olive oil was in greatest demand (150990 < 18 kg) but this trend then switched and packaged virgin olive oil (150910 < 18 kg) is now predominant.
3
The five-season trend of US imports by country of origin and container size between 2010/11 and 2014/15 is reported in Table 1. The picture that emerges is a 17.9 pc increase in bulk imports, contrasting with a loss in bottled shared (−0.41 pc). The four top suppliers of packaged product by order of volume are Italy, then Spain, Tunisia, Greece and Turkey. In the bulk ranking, Spain is the leader, followed by Tunisia, Morocco, Argentina and Italy. Spain therefore clearly dominates the bulk market and is making inroads in packaged product, which is still led by Italy although it has lost ground in volume terms over the period reviewed.

Source: International Olive Council MARKET NEWSLETTER No 101 – January 2016

Trends in US olive oil imports: bulk and packaged, 3.6 out of 10 based on 231 ratings

Post Views


2,780
VN:F [1.9.22_1171]
Rating: 3.6/10 (231 votes cast)
VN:F [1.9.22_1171]
Rating: -5 (from 71 votes)

Leave a Reply

Your email address will not be published. Required fields are marked *

 


Get Website & Top Rank in Google

Get Website