EU Prices Production EU Trade EU Stocks DG AGRI DASHBOARD: OLIVE OIL Last update: 12.1.217 /1kg /1kg Consumption /1kg EU Balance Sheet Average monthly prices of virgin olive oil in the most representative EU markets 7 6 5 4 3 2 1 49 262 266 Average monthly prices of extra virgin olive oil in the most representative EU markets ITALY - BARI GREECE - CHANIA SPAIN - JAÉN Reference threshold 56 547 63 595 3 322 329 294 296 295 39 569 553 355 415 349 471 379 571 564 443 357 344 352 363 355 354 356 354 354 37 385 329 321 316 3 299 31 311 317 315 326 342 333 38 328 329 32 287 296 34 296 318 346 295 294 29 292 295 295 295 45 4 35 3 25 2 15 1 31 31 31 262 249 31 235 ITALY - BARI SPAIN - JAÉN GREECE - CHANIA Reference threshold 312 322 347 38 252 257 26 266 27 394 388 346 358 35 32 317 42 42 311 318 329 314 295 34 3 33 36 311 38 313 287 285 285 29 285 295 295 295 29 282 288 285 33 265 25 265 273 275 28 279 28 33 275 277 28 28 Average monthly prices of lampante olive oil in the most representative EU markets SPAIN - JAÉN ITALY - LECCE GREECE - CHANIA Reference threshold - Spain Reference threshold - Italy Reference threshold - Greece 4 382 35 326 319 298 35 34 299 36 34 37 289 287 268 276 29 348 295 282 3 281 297 31 249 274 239 263 267 229 238 24 273 252 249 253 268 268 268 268 268 25 254 268 227 271 28 29 225 2729 23 25 226 223 23 253 2 25 233 229 23 229 225 227 23 23 21 15 19195 1 35 3 25 2 15 1 5 3.317 excl. pomace oil 35. 3. 25. 2. 15. 1. 5. - WORLD EU OLIVE OIL PRODUCTION (1t) non-eu Average world 211/12-215/16 2.395 2.411 1.462 922 949 3.252 2.483 769 2.46 1.435 1.26 3.165 2.322 2.695 1.875 843 82 211/12 212/13 213/14 214/15(fin.) 215/16 (prov.) 216/17 (est.) Pomace oil (CN 151) "Olive oil" (CN 1599) Extra virgin+virgin (CN 15919) Lampante (CN 15911) Average last 3 campaigns Extra EU olive oil IMPORTS per CATEGORY (t) 3. 2.5 2. 1.5 1. 5 7. 6. 5. 4. 3. 2. 1. - 1.615 2.395 Spain (-6%) Italy (-49%) Greece (-31%) Portugal (-2%) Others EU (-18%) EU total (-19%) Average 211/12-215/16 EU OLIVE OIL PRODUCTION (1t) excl.pomace oil variation 216/17 vs 215/16 1.782 2.483 1.42 1.311 Link: MS communications - monthly production (R826/28) 1.462 842 618 399 416 464 475 295 358 222 32 243 132 3 22 76 1 59 11 92 14 61 1 19 17 87 14 211/12 212/13 213/14 214/15(fin.) 215/16 (prov.) 216/17 (est.) Pomace oil (CN 151) "Olive oil" (CN 1599) Lampante (CN 15911) Extra virgin+virgin (CN 15919) Average last 3 campaigns 1.435 2.322 1.875 Extra EU olive oil EXPORTS per CATEGORY (t) 1.2 1. 8 6 4 2 2 15 1 5-5 -1 non-eu OLIVE OIL PRODUCTION (1t) variation 216/17 vs 215/16 Total non-eu (-3%) Tunisia (-29%) Turkey (+24%) Morocco (%) Syrian Arab Republic (%) Others non-eu (-5%) Average 211/12-215/16 126 922 949 843 769 34 31 32 33 231 259 254 22 182 195 135 198 175 18 177 191 14143 13 16 13 13 1 1215 11 11 1 7 12 211/12 212/13 213/14 214/15(fin.) 215/16 (prov.) 216/17 (est.) EU Structure of olive oil trade 26-216 with EXTRA-EU28 (Mio Eur) periods October-September 82 Export virgin lampante Export pomace Export "olive oil" Export extra virgin+virgin Import virgin lampante Import "olive oil" Import extra virgin+virgin Import pomace TRADE BALANCE EU olive oil balance sheet (1t) 1 EU Olive oil ending stocks 894 8 (1t) 688 632 631 6 455 4 213 2 426 354 4. 3. 2. 1. - Olive oil consumption (1t) World 2.92 3.61 3.86 2.989 3.7 2.916 2.923 2.894 1.83 1.862 1.787 1.62 1.726 1.65 1.619 1.586 EU 212/13 213/14 214/15 215/16 216/17 (final) (final) (final) (prov.) (est.) Starting stocks 894 455 631 213 426 Production 1.462 2.483 1.435 2.322 1.875 Imports intra-eu 892 1.79 1.27 935 981 Imports extra-eu 153 53 225 119 128 Total imports 1.45 1.133 1.251 1.54 1.11 Total availabilities 3.41 4.7 3.317 3.59 3.411 Exports intra-eu 834 1.1 973 924 873 Exports extra-eu 491 61 58 61 587 Total exports 1.325 1.71 1.482 1.534 1.46 Consumption 1.62 1.726 1.65 1.619 1.586 Ending stocks 455 631 213 426 354 Ending stocks on 3.9. ; excl. olive pomace oil; incl.intra&extra trade IOC marketing years Oct-Sept; excl. pomace olive oil; Excl. pomace olive oil Intra-trade data based on MS declarations/eurostat
/1kg Average monthly prices of extra virgin olive oil in the most representative EU markets 7 6 5 4 3 2 49 262 266 ITALY - BARI GREECE - CHANIA SPAIN - JAÉN Reference threshold 56 547 63 595 3 322 329 294 296 295 39 569 553 355 415 349 571 564 471 443 379 357 344 352 363 355 354 356 354 354 37 385 329 321 316 3 299 31 311 317 315 326 342 333 38 328 329 32 346 287 296 34 296 318 295 294 29 292 295 295 295 1
/1kg Average monthly prices of virgin olive oil in the most representative EU markets 45 4 35 3 25 2 15 1 ITALY - BARI SPAIN - JAÉN GREECE - CHANIA Reference threshold 31 31 31 312 262 249 31 235 394 388 347 346 322 38 252 257 26 266 27 42 42 358 35 311 318 314 295 34 3 287 285 285 29 33 36 311 38 313 329 285 295 295 295 29 282 288 285 32 33 317 28 33 265 25 265 273 275 28 279 275 277 28 28
/1kg Average monthly prices of lampante olive oil in the most representative EU markets SPAIN - JAÉN ITALY - LECCE GREECE - CHANIA Reference threshold - Spain Reference threshold - Italy Reference threshold - Greece 4 382 35 3 25 2 15 239 249 29 225 19195 326 298 268 276 29 348 31 263 229 238 227 2729 23 25 271 25 35 34 289 287 295 282 299 36 34 37 319 281 297 274 267 24 273 252 249 253 268 268 268 268 268 254 268 28 226 223 23 253 233 229 23 229 225 227 23 23 21 1
WORLD EU OLIVE OIL PRODUCTION (1t) non-eu Average world 211/12-215/16 35 3.317 3.252 3.165 3 25 2 15 1 2.395 2.411 1.462 922 949 2.483 769 2.46 1.435 1.26 2.695 2.322 1.875 843 82 5 excl. pomace oil 211/12 212/13 213/14 214/15(fin.) 215/16 (prov.) 216/17 (est.)
3. 2.5 2. 1.5 1. 5 1.615 2.395 Spain (-6%) Italy (-49%) Greece (-31%) Portugal (-2%) Others EU (-18%) EU total (-19%) Av erage 211/12-215/16 EU OLIVE OIL PRODUCTION (1t) excl.pomace oil variation 216/17 vs 215/16 1.782 2.483 1.42 1.311 1.462 842 618 399 416 464 475 295 358 222 32 243 132 3 22 76 1 59 11 92 14 61 1 19 17 87 14 1.435 2.322 Link: MS communications - monthly production (R826/28) 211/12 212/13 213/14 214/15(fin.) 215/16 (prov.) 216/17 (est.) 1.875
1.2 1. 8 non-eu OLIVE OIL PRODUCTION (1t) variation 216/17 vs 215/16 Total non-eu (-3%) Tunisia (-29%) Turkey (+24%) Morocco (%) Syrian Arab Republic (%) Others non-eu (-5%) Average 211/12-215/16 922 949 769 126 843 82 6 4 2 34 31 32 33 231 259 182 22 254 195 191 198 175 135 18 16 14143 177 1 13 12 13 7 15 11 1 1311 12 211/12 212/13 213/14 214/15(fin.) 215/16 (prov.) 216/17 (est.)
35. 3. 25. 2. 15. 1. 5. - Pomace oil (CN 151) "Olive oil" (CN 1599) Extra virgin+vi rgin (CN 15919) Lampante (CN 15911) Av erage last 3 campaigns Extra EU olive oil IMPORTS per CATEGORY (t)
7. 6. 5. 4. 3. 2. 1. - Pomace oil (CN 151) "Olive oil" (CN 1599) Lampante (CN 15911) Extra virgin+vi rgin (CN 15919) Av erage last 3 campaigns Extra EU olive oil EXPORTS per CATEGORY (t)
2 15 1 5-5 -1 EU Structure of olive oil trade 26-216 with EXTRA-EU28 (Mio Eur) periods October-September Export virgin lampante Export pomace Export "olive oil" Export extra virgin+virgin Import virgin lampante Import "olive oil" Import extra virgin+virgin Import pomace TRADE BALANCE
1 EU Olive oil ending stocks 894 8 (1t) 688 632 631 6 455 4 213 2 426 354 Ending stocks on 3.9. ; excl. olive pomace oil; incl.intra&extra trade
4. 3. 2. 1. - Olive oil consumption (1t) World 2.92 3.61 3.86 2.989 3.7 2.916 2.923 2.894 1.83 1.862 1.787 1.62 1.726 1.65 1.619 1.586 EU IOC marketing years Oct-Sept; excl. pomace olive oil;