CHANGES IN WORLD OLIVE CROP AREA (ha)

Madrid, 12 June 2015

12.000 CHANGES IN WORLD OLIVE CROP AREA (ha) 11.500 11.000 Irrigated 2006 Dryfarmed Dryfarmed 20% 80% Irrigated 2014 22% 78% 10.756 10.664 11.112 11.009 11.205 11.382 10.500 10.000 9.500 9.000 9.168 10.314 10.179 10.075 9.847 9.953 9.705 9.553 9.422 10.436 8.500 8.000 7.787 7.895 8.263 8.302 8.111 8.520 8.565 7.500 7.000 1981 1982 1983 1984 1985 1986 1987 1998 1999 2000 2001 2002 2003 2004 2005 2006 2008 2009 2010 2011 2012 2013 2014

SURFACE (ha.) Producer countries 2014/15 Irrigated Rainfed Europe : EU/28 Cyprus (q) 13,100 10,100 3,000 Spain (Q) 2,593,523 740,511 1,853,012 Italy (q) 1,350,000 280,556 1,069,444 Greece (Q) 1,120,265 290,198 830,067 France (q) 55,000 20,900 34,100 Malta (q) 140 54 86 Portugal (Q) 352,350 80,500 271850 Slovenia (Q) 1,805 85 1,720 Croatia (Q) 19100 1,981 17119 Total EU/27 5,505,283 1,424,885 4,080,398 Non-Europe Albania (Q) 51000 11,600 39,400 Montenegro * 10,200 510 9,690 Total non-eu/27 Europe 61,200 12,110 49,090 Africa South Africa * 6,000 2,100 3,900 Algeria (Q) 498,196 149459 348,737 Angola* 450 450 Egypt (Q) 98,939 79,151 19,788 Libye (Q) 205000 12000 193,000 Morocco (Q) 998,000 369,260 628,740 Tunisia(Q) 1,839,600 73,800 1,765,800 Total Africa 3,646,185 685,770 2,960,415 Producer countries 2012/13 Irrigated Rainfed Middle East Iran(Q) 84,110 76,262 7,848 Iraq* 4,812 4,812 Israel(Q) 36000 11,000 25,000 Jordan(Q) 62,655 25,404 37,251 Lebanon (Q) 53,646 8,159 45,487 Palestine (Q) 96,686 42 96,644 Syria (Q) 697,000 35,000 662,000 Turkey (Q) 831,000 66,480 764,520 Total Middle East 1,865,909 227,159 1,638,750 America Argentina(Q) 90,100 63,070 27,030 Brazil (Q) 1,000 1,000 Chile (Q) 25,000 25,000 United States* 18,000 14,400 3,600 Mexico(Q) 8,762 7,776 986 Peru (Q) 17,207 13,594 3,613 Uruguay(Q) 10,600 300 10300 Total Americas 170,669 124,140 46,529 Asia Oceania Australia 35,000 24,500 10,500 China (Q) 86,337 36967 49370 New Zealand (Q) 2,900 2030 870 Total Asia Oceania 124,237 63,497 60,740 Other miscellaneous countries 8,900 5,500 3,400 Producer countries 2014/15 Irrigated Rainfed World Total 11,382,383 2,543,061 8,839,323

TOTAL CROP AREA DISTRIBUTION (%) 2014/15 Regions % Details EU 27 49 23% Spain, 12% Italy and 10% Greece Africa 31 16.5% Tunisia and 8% Morocco Middle East 16.5 7.5% Turkey and 6% Syria Rest of the world 3.5 America, rest of Europe and Asia+ Oceania Total 100 11,382,383 ha

COMPARATIVE INDEX-BASED TREND OF OLIVE OIL PRODUCTION AND CROP AREA 300 250 200 150 100 PRODUCTION (tonnes) CROP AREA (ha) 50 0

OLIVE OIL PRODUCTION AND CONSUMPTION WORLD TREND 1990/91 2016/17 1,000 tm 4000 3500 3000 2500 2000 1500 1000 % change between crop years Production: 4.5% Consumption: 2.4% 500 2016/ 17 1990/ 91 1991/ 92 1992/ 93 1993/ 94 1994/ 95 1995/ 96 1996/ 97 1997/ 98 1998/ 9 1999/ 0 2000/ 1 2001/ 2 2002/ 3 2003/ 4 2004/ 5 2005/ 6 2006/ 7 2007/ 8 2008/ 9 2009/ 10 2010/ 11 2011/ 12 2012/ 13 2013/ 14 2014/ 15 2015/ 16 (est.) Product ion 1453 2206 1812 1825 1846 1736 2595 2466 2403 2375 2566 2826 2496 3174 3013 2573 2767 2713 2670 2974 3075 3321 2401.5 3252 2458 3159.5 2713.5 Consumpt ion 1667 1857 1904 1985 1995 1889 2242 2382 2413 2443 2591 2607 2678 2883 2924 2691 2799 2754.5 2832 2902 3061 3085.5 2989 3078.5 2916 2945.5 2904

EVOLUTION OF WORLD CONSUMPTION OVER THE LAST 25 YEARS (10 3 t) 3.500,0 WORLD Total 3.000,0 2.500,0 EU Non IOC Members IOC-member countries 2.000,0 1.500,0 1.000,0 500,0 0,0

PROSPECTS OLIVE OIL BALANCES 2014/15-2016/17 (thousand tonnes) 2014/15 2015/16 2016/17 (est.) Starting stocks 743.5 277.0 484.0 Production 2458.0 3159.5 2713.5 Imports 920.5 822.5 791.5 Consumption 2916.0 2945.5 2904.0 Exports 929.0 829.5 771.5 Ending stocks 277.0 484.0 313.5 Stocks / Exports-Imports -466.0 /+8.5 +207.0 /+7.0-170.5 /-20.0

WORLD RESOURCES MOVEMENTS IN PRODUCER PRICES Extra virgin olive oil Average prices by crop year /100 kg 585 560 535 510 485 460 435 410 385 360 335 310 285 260 235 210 185 160 3205 225 170 176 World resources Bari (Italia) Herakl. Grecia) Jaén (España) 3893 4028 Sfax (Tunisia) 3455 3387 244 211 184 270 207 214 253 294 261 288 240 264 3405 369 335 358 3559 3493 3509 3643 282 282 250 250 262 249 228 264 211,7 204 204 208,1 3822 331 4096 3537 306 3824 332 255,5 270,9 250 248,2 235,9249,8 202,7 222,1 188,7 192,6 196,4 187,6 557 3437 3202 3198 367 339 320,6 326,6 324 304 (thousand tonnes) 2000/ 01 2002/ 03 2004/ 05 2006/ 07 2008/ 09 2010/ 11 2012/ 13 2014/ 15 2016/ 17(est.) 297,8 4500 4000 3500 3000 2500 2000 1500 1000 500 0

OLIVE OIL PRODUCTION (10 3 t)

EVOLUTION OF PRODUCTION - EUROPEAN PRODUCERS - IOC COUNTRIES MEMBERS (10 3 t 2.000,0 1.800,0 1.600,0 1.400,0 1.200,0 Spain Greece Italy Portugal 1.000,0 800,0 600,0 400,0 200,0 0,0

OLIVE OIL CONSUMPTION (10 3 t)

Back to European Union with some details : (10 3 t) 900,0 800,0 700,0 600,0 Italy Spain Greece 500,0 Other prod. 400,0 Other non prod 300,0 200,0 100,0 0,0

14,0 OLIVE OIL CONSUMPTION per CAPITA (kg/cap in 2013/14 & 2014/15) 12,0 12,0 10,6 10,0 8,6 8,0 6,8 6,0 5,4 4,0 2,0 3,0 2,3 1,4 1,3 1,3 Average 2014/15= 2.3kg/ capita 1,1 1,0 1,0 1,0 1,0 1,0 0,9 0,8 0,8 0,6 0,5 0,4 0,3 0,3 0,3 0,2 0,2 0,2 0,0 2013/14 2014/15

OLIVE OIL CONSUMPTION per CAPITA (kg/cap in 2013/14 & 2014/15) 5,0 4,5 4,3 4,0 3,5 3,5 3,0 2,5 3,1 2,9 2,7 2,5 2,4 2,0 1,5 1,6 1,6 1,0 0,8 0,5 0,0 0,4 0,2 0,1 0,1 0,0 2013/14 2014/15

OLIVE OIL CONSUMPTION per CAPITA (kg/cap in 2013/14 & 2014/15) 8,0 7,0 6,8 6,0 5,0 4,0 3,8 3,0 2,0 1,7 1,6 1,0 0,0 1,0 0,9 0,8 0,8 0,5 0,3 0,3 0,3 0,1 0,1 0,0 2013/14 2014/15

OLIVE OIL IMPORTS 2015/16 USA 38% China 4% Brazil 6% Russia 2% Australia 3% Japan 7% Canada 5% Others 19% UE/28 16%

Source: United States Department of Agriculture Foreign Agricultural Service 1,000 t 350 USA OLIVE OIL IMPORTS* 1990/91 2016/17 300 250 USA 200 150 100 50 0 1990/ 91 1992/ 93 1994/ 95 1996/ 97 1998/ 9 2000/ 1 2002/ 3 2004/ 5 2006/ 7 2008/ 09 2010/ 11 2012/ 13 2014/ 15 2016/ 17 tonnes 40.000 Monthly imports 2013/14, 2014/15 and 2015/16 crop years +6% 2014/15 2015/16 35.000 30.000 25.000 20.000 15.000 10.000 5.000 0 Including olive pomace oil October November December January February March April May June July August September

USA OLIVE OIL AND OLIVE POMACE OIL IMPORTS 2015/16 (t)

100 USA OLIVE OIL AND OLIVE POMACE OIL IMPORTS BY CONTAINER % 80 60 40 Containers < 18 kg Containers > 18 kg THIS NEW 20% = BLENDING AND BOTTLING INTO US 20 THIS 20% CORRESPONDS TO FOOD SERVICE & INDUSTRY 0 93/94 94/95 95/96 96/97 97/98 98/99 99/00 00/01 01/02 02/03 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 14/15 15/16

USA - OLIVE OIL AND OLIVE POMACE OIL IMPORTS BY CATEGORY (t) 2013/14 200000 180000 2014/15 2015/16 160000 140000 120000 100000 80000 60000 40000 20000 0 EXTRA VIRGIN OLIVE OIL ORG. EXTRA VIRGIN OLIVE OIL VIRGIN OLIVE OIL ORG. VIRGIN OLIVE OIL OLIVE OIL OLIVE POMACE OIL

1,000 t 45 OLIVE OIL IMPORTS * 1990/91 2016/17 40 35 30 CANADA 25 20 15 10 5 0 tonnes 1990/ 91 1992/ 93 1994/ 95 1996/ 97 1998/ 9 2000/ 1 2002/ 3 2004/ 5 2006/ 7 2008/ 09 2010/ 11 2012/ 13 2014/ 15 2016/ 17 8000 Monthly imports 2014/15, and 2016/17 crop years +8% 7000 2014/15 2015/16 6000 5000 4000 3000 2000 1000 0 Oct ober November December January February March April May June July August Sept ember * Including olive pomace oils Source: Statistics Canada International Trade Division

CANADA OLIVE OIL and OLIVE POMACE OIL IMPORTS (t) 2015/16

% 100 CANADA - OLIVE OIL IMPORTS BY CONTAINER 80 60 Containers < 18 kg Containers > 18 kg 40 20 0 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 14/15 15/16

1,000 t 45 40 35 AUSTRALIA OLIVE OIL AND OLIVE POMACE OIL IMPORTS* 1990/91 2016/17 30 25 20 15 10 5 0 tonnes 1991/ 92 1994/ 95 1997/ 98 2000/ 1 2003/ 4 2006/ 7 2009/ 10 2012/ 13 2015/ 16 5000 Monthly imports 2014/15 and 2015/16 crop years 2014/15 2015/16 +18% 4500 4000 3500 3000 2500 2000 1500 1000 500 0 October November December January February M arch April M ay June July August September * Including olive pomace oils Source: Australian Bureau of Statistics

AUSTRALIA - OLIVE OIL and OLIVE POMACE OIL IMPORTS (t) 2015/16

AUSTRALIA - OLIVE OIL AND OLIVE POMACE OIL IMPORTS BY CONTAINER (%) (%) 100 90 80 70 CONTAINER <18KG 60 50 40 CONTAINER >18KG 30 20 10 0 2006/07 2009/10 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16

1,000 t 80 70 60 OLIVE OIL AND OLIVE POMACE OIL IMPORTS BRAZIL 1990/91 2016/17 50 40 30 20 10 0 1990/ 91 1993/ 94 1996/ 97 1999/ 0 2002/ 3 2005/ 6 2008/ 09 2011/ 12 2014/ 15 tonnes Monthly imports 2014/15 and 2015/16 crop years -25% 12.000 2014/15 2015/16 10.000 8.000 6.000 4.000 2.000 0 October November December January February March April May June July August September * Including olive pomace oils Source: Ministerio do Desenvolvimento, Industria e Comercio Exterior, Brasil

BRAZIL - 2015/2016 - OLIVE OIL AND OLIVE POMACE OIL IMPORTS BRAZIL IMPORTS (t)

1,000 t 70 OLIVE OIL AND OLIVE POMACE OIL IMPORTS* 60 50 JAPAN 1990/91 2016/17 40 30 20 10 0 1990/ 91 1992/ 93 1994/ 95 1996/ 97 1998/ 9 2000/ 1 2002/ 3 2004/ 5 2006/ 7 2008/ 09 2010/ 11 2012/ 13 2014/ 15 2016/ 17 tonnes 8.000 7.000 Monthly imports 2014/15 and 2015/16 crop years 2014/15 2015/16-8% 6.000 5.000 4.000 3.000 2.000 1.000 0 October November December January February March April May June July August September * Including olive pomace oils Source: Trade Statistics of Japan Ministry of Finance

JAPAN OLIVE OIL and OLIVE POMACE OIL IMPORTS (t) 2015/16

1,000 t OLIVE OIL AND OLIVE POMACE OIL IMPORTS* 45 40 CHINA 1997/98 2016/17 35 30 25 20 15 10 5 0 tonnes 7000 6000 1997/ 98 1998/ 99 1999/ 00 2000/ 01 2001/ 02 2002/ 03 2003/ 04 2004/ 05 2005/ 06 2006/ 07 2007/ 08 2008/ 09 2009/ 10 2010/ 11 2011/ 12 2012/ 13 2013/ 14 2014/ 15 2015/ 16 2016/ 17 2014/15 2015/16 Monthly imports 2014/15, and 2015/16 crop years +12% 5000 4000 3000 2000 1000 0 October November December January February M arch April M ay June July August September * Including olive pomace oils Source: Global Trade International

CHINA - OLIVE OIL and OLIVE POMACE OIL IMPORTS (t) 2015/16 CROP YEAR

Olive growing in CHINA SURFACE - Crop area 2015: > 86 000 ha; 43% Irrigated Bearing: 22.867ha.; 55% irrigated Not yet bearing: 63.467ha.; 38% irrigated Planted in the year : 13.967 ha.; 64% irrigated OLIVE OIL PRODUCTION by CATEGORY Crop year 2014/15 Crop year 2015/16 Production (t) % by category Production (t) % by category 45 40 35 30 10 3 t 2,850.0 82% EVOO 4,980.0 85% EVOO 19% VOO 15% VOO 25 20 15 10 PRODUCTION CONSUMPTION IMPORTS 5 0 2008/9 2009/10 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16

1,000 t 30 RUSIA OLIVE OIL IMPORTS * 2000/01 2016/17 20 10 t 0 5000 4500 2000/ 01 2001/ 02 2002/ 03 2003/ 04 2004/ 05 2005/ 06 2006/ 07 2007/ 08 2008/ 09 2009/ 10 2010/ 11 2011/ 12 2012/ 13 2013/ 14 2014/ 15 2015/ 16 2016/ 17 Monthly imports 2014/15, and 2015/16 crop years 2014/15 2015/16 +3% 4000 3500 3000 2500 2000 1500 1000 500 0 October November December January February M arch April M ay June July August September * Including olive pomace oils Fuente: Global Trade International

RUSSIA - OLIVE OIL AND OLIVE POMACE OIL IMPORTS BY CATEGORY (t) 2015/16 (11 months)

OLIVE OIL EXPORTS 10 3 t

EXPORTS 2015/16 Chile 2% Tunez 12% Morocco 2% others 6% Italy 22% Turkey 2% Argentina 4% Greece 1% Portugal 6% Spain 39%

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