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The production of Olive Oil in the World will drop by 7.6% in the 2018/19 Campaign, says the IOC

The production of Olive Oil in the World will drop by 7.6% in the 2018/19 Campaign, says the IOC

2018/08/10 - According to official data of each producing country and the Executive Secretariat of the International Olive Council (IOC), the olive oil world production of the 2018/19 campaign will exceed 3,064,000 tons, representing a decrease of 7.6% regarding the previous season.

According to the provisional data provided by the countries, global production reached 3 315 000 t in the 2017/2018 crop year, although the data is only provisional. This indicates a 28% increase, 723 500 t more than the previous crop year. Consumption stands at around 2 958 000 t (+9%), and imports and exports total 889 000 t and 925 000 t respectively. The member countries of the IOC produced a total of 3 133 500 t, or 94.5% of the total world production for 2017/18.


EU countries accounted for 2 183 000 t, an increase of 25%. In Spain, production fell by 2.7% to 1 256 200 t, while increases were seen in Italy, with 428 900 t (+135.3%); Greece, with 346 000 t (+77.4%); and Portugal, with 134 800 t (+94.2%). Figures for other EU producer countries came to 17 100 t. In the other IOC member countries, production increased by 46.2% overall, with a total of 950 500 t. This was led by Tunisia, with 280 000 t (+180%), followed by Turkey, with 263 000 t (+47.8%); Morocco, with 140 000 (+27.3%); Algeria, with 82 500 t (-31%); Argentina, with 43 500 t (+81.3%). Other member countries amount to 141 500 t.

Consumption in member countries totalled 2 958 000 t, an increase of 8.1% on the previous crop year. In other member countries, consumption is set to come in at around 2 103 000 t for a 9.7% year-on-year increase. In non-member countries, consumption will stay around 855 000 t (+4.2%) compared to the previous crop year.

According to the official country data and the estimates of the IOC Executive Secretariat, world production in 2018/19 is estimated at around 3 064 000 t, which would be a decrease of approximately 7.6% compared to the previous year. Consumption is expected at 2 916 500 t. Imports and exports are expected to exceed 890 000 t respectively.

At this point in the year it is still too early to judge the accuracy of these estimates and the figures that the Council of Members will examine at the end of November will be more solid, unless exceptional weather conditions intervene. The IOC member countries as a whole estimate a production of 2 882 000 t, which would be 94% of the total production worldwide for the 2018/19 crop year, but an 8% year-on-year decrease compared to the previous crop year. The forecast for EU producing member countries indicates an output of 2 207 000 t (+1.1%), with Spain in the lead with up to 1 550 000 t, 23.4% higher than last year. However, other EU countries will see decreases, in Italy, with first estimates coming in at 270 000 t (37%); in Greece, at 240 000 t (30.6%); and in Portugal, at 130 000 t (3.6%).

Output in other IOC member countries is forecasted at 675 500 t, for a year-on-year fall of 28.9% compared to the previous year. Within this group of countries, Turkey expects to harvest 183 000 t, which would be a 30.4% decrease compared to the previous crop year, followed by Morocco with 145 000 t, in this case an increase of 3.6%; Tunisia with 120 000 t, a decrease of 57.1%; Algeria with 76 500 t, a decrease of 7.3%; Jordan and Lebanon with 24 000 t, increases of 17.1% and 41.2% respectively; Argentina and Egypt with 20 000 t, a decrease of 54% and 28.6% respectively. Production will stay stable or fall slightly in other member countries. Consumption in IOC member countries could reach 2 050 000 t. Upcoming Newsletters will provide further information regarding the forecasts for this crop year.

Table Olives

World production for the 2018/19 crop year is estimated at 2 735 500 t, a 7% decrease compared to the previous crop year. IOC member countries account for 91% of world production and will see a decrease of 5.7% compared to the previous crop year. Spain, the world’s biggest producer, expects to produce around 613 000 t, a 9% increase on the previous crop year. Egypt, the second producer, expects to see a decrease of 10% with 450 000 t, followed by Turkey, with 420 000 (9%). Algeria will see an increase of 8%, reaching 342 500 t; Greece’s production will fall 27% with an estimated 190 000 t; Morocco and Iran could see similar production rates to the previous crop year with 130 000 t and 70 000 t respectively; Argentina will see a decrease of 38% with 66 000 t. Other member countries with lower volumes will have the same production as the previous crop year. Consumption is expected to fall by about 3% compared to the previous crop year.

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