Olive Oil Market Newsletter by International Olive Council - January 2014

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Spanish exports (incl. intra-EU supplies) itemised by % share of oil type – 2012/13 crop year

In 2012/13, Italy exported a total of 392 000 t, which shows a drop of 5 pc versus the season before. EU countries took 40 pc of this tonnage, the main destinations being Germany, France, Spain, the United Kingdom and Belgium by volume ranking. Italian exports to non-EU countries, which accounted for 60 pc of its total exports, declined by 8 pc from their 2011/12 level. The chief buyers were the United States, which took more than 30 pc of Italy’s exports, followed by Japan, Canada, China and Switzerland. Italian imports from outside the EU were 8 pc higher in 2012/13 than a year earlier, totalling 79 800 t, most of which came from Tunisia (70 967 t), and then Turkey and Chile.

A look at Italian purchases of olive oil inside the EU shows that it bought the largest volume from Spain, although its acquisitions of Spanish olive oil did drop by 48 pc in 2012/13. The next source of Italy’s intra-EU acquisitions was Greece where Italian acquisitions increased by 67 726 t (+67 pc) as a result of the drop in Spain’s production in 2012/13.

(1) In EU terminology, ‘intra-EU supplies’ are the equivalent of exports in world trade and ‘intra-EU acquisitions’ are the equivalent of imports in world trade.

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Italian exports (incl. intra-EU supplies) itemised by % share of oil type – 2012/13 crop year

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