Greece’s domestic consumption of olive oil has been on a mild slide on recent years, as the recession has led to cutbacks even in basic foodstuffs. Total turnover fell 4 percent in 2012, to 409.77 million euros.
The fall mainly concerned labeled brands, as consumers mainly prefer buying in bulk. According to a study by Infobank Hellastat, consumption in the 2012-13 period stabilized at around 200,000 tons, when production rose 22 percent to 357,900 tons in a bumper season reports Kathimerini.
sourceGreece's domestic consumption of olive oil has been on a mild slide,