Brazilian imports of olive oil and olive pomace oil continue upwards

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Brazilian imports of olive oil and olive pomace oil continue upwards, reaching 74 873.8 t in 2012/13 representing 5 pc growth on the previous season. EU countries accounted for 88 pc of this tonnage, with Portugal leading the way (57 pc), followed by Spain (25 pc), Italy (6 pc) and Greece (1 pc).

The remaining 12 pc came from Argentina (9 pc), Chile (2 pc) and miscellaneous other countries (1 pc). The figures for the latest five crop years in Table I show that as imports have increased in volume, Portugal – Brazil’s top supplier – has been gaining a stronger foothold in the market in both absolute and relative terms with its market share expanding from 52 to 57 pc.

Notably, more than 75 pc of Portugal’s non-EU exports go to Brazil. Between 2008/09 and 2012/13 (Table I), total imports climbed by 30 358 t (+70 pc). Growth has been continuous in recent years, as can be seen from Graph I, but has become more pronounced since 2006/07.

The monthly movements on the Brazilian market are reported in section II below:

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The trend of imports over the last 10 crop years is plotted by oil category in Graph II. This shows that in the 2002/03 crop year 39 pc of imports were virgin grade (customs heading 150910) while 61 pc was olive oil imported under heading 150990. By 2012/13 the tables had turned and 73 pc of imports were virgin, 25 pc were olive oil and 2 pc were olive pomace oil imported under customs heading 151000.

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Source latest market report from the International Olive Council

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