Olive oil imports increase in Russia, decrease in China
Russian imports of olive oil and olive pomace oil grew at a constant rate between 2000/01 and 2013/14. Aggregate imports into China recorded strong growth from 2001/02 until 2011/12 but in 2012/13 and 2013/14 imports decreased
Russian imports of olive oil and olive pomace oil grew at a constant rate between 2000/01 and 2013/14 when they rose from 3 062 tonnes to 34 814. The only exceptions were 2005/06 and 2008/09 when the level dropped only to rally the next crop year. In 2013/14, imports were 7% higher than the season before.
Ninety-seven per cent of imports came from the European Union, headed by Spain (56% of total), with Italy (30%), Greece (9%) and Portugal (1%) next in line. The origin of the remaining 3% of Russian imports was Tunisia (2%) and Turkey (1%).
69% was imported under customs heading 15.09.10, which groups together extra virgin, virgin and ordinary virgin olive oil plus lampante virgin olive oil not fit for human consumption without refining. A further 18% entered the country as refined olive oil plus olive oil, i.e. blends of refined olive oil with extra virgin, virgin or ordinary virgin olive oil. The last 13% is made up of importsunder customs heading 15.10, which encompasses refined olive pomace oil and the grade known as olive pomace oil, made up of blends of refined olive pomace oil with extra, virgin or ordinary virgin olive oil.
Aggregate imports into China recorded strong growth from 2001/02 until 2011/12, when they peaked at 45 986 t. But in 2012/13 and 2013/14 imports decreased by 6% and 15% respectively compared with the immediately preceding crop years.
Analysis of the monthly data reveals that import volumes were highest in the starting months of the crop year (November, December and January) and then dropped sharply in February. Imports in the first five months of the current 2014/15 crop year, i.e. from October 2014 to February 2015 were similar to season-before levels.
When itemised by country of origin, it transpires that 88% of imports in 2013/14 came from EU countries. Again Spain was the lead exporter (61% of total), with Italy (23%) and Greece (4%) coming up behind. The remaining 12% was imported from Tunisia (4%), Turkey (3%), Morocco (2%) and Australia (2%), leaving 1% for all the other countries. Itemisation by grade shows that 82% of all imports were virgin olive oils, 11% was olive pomace oils and 8% refined olive oils and blends.