Spain has increases its extra-EU exports of olive oil and olive pomace oil by 20% in the first 11 months of 2015/16 (October 2015-August 2016), compared to the previous crop year.
The top five export destinations which post increases (by order of volume) are the United States, where Spain has taken the lead with a 43% year-on-year increase, followed by China (+30%), Japan (+4%), Australia (+41%) and Mexico (+8%).
It should be noted that intra-EU sales have also increased in exports to France (+10%), Germany (+49%), the United Kingdom (+2.5%), and Belgium (+10%).
The imports of olive oil and olive pomace oil by the United States, a month off the end of the crop year, are looking to set record highs. Over the first 11 months of the crop year (October 2015 – August 2016) it has recorded a total of 306 844.1 t.
Of these imports, 98% come from IOC member countries, of which 83% from EU countries and 15% from the other Members. Spain leads this market for the first time with a 32% increase compared to the same period the previous year, followed by Italy, Tunisia, Morocco and Greece.
One month before the end of the 2015/2016 crop year, imports of olive oil and olive pomace oil by China have increased by 11% compared to the same period the previous year. Graph II shows the monthly import rates of the last two campaigns.
European countries supplied 97% of these imports, with Spain leading the market, with a 19% year-on-year increase, followed by Italy, up by 5%, Greece, Australia, Morocco, Turkey, Tunisia and Portugal. In relation to oil categories, 77% consisted of virgin olive oil
(150910), 8% by olive oil (150990) and 15% by olive pomace oil (151000).
Source: International Olive Council MARKET NEWSLETTER No 108 – October 2016
Spain is the first global producer and exporter of olive oil and olive pomace,