Italy lost the leadership in olive oil market in Japan
For the first time, Spain stepped into the lead, accounting for 47% of the total tonnage. Next in line came Italy with 44% and Greece with 1%
At the close of the 2013/14 crop year, Japanese imports of olive oil and olive pomace oil totalled 56218 tonns, recording 4% growth on the previous season.
Imports show that 92% of the aggregate tonnage came from European Union countries. For the first time, Spain stepped into the lead, accounting for 47 pc of the total tonnage. Next in line came Italy with 44% and Greece with 1%.
Among the EU countries, Spain has seen its market share in Japan widen by 7 points from 40% in 2008/09 to 47 pc in 2013/14 contrasting with Italy whose share has narrowed by 8 points from 52% to 44% in the same period.
The remaining 7% of imports came from non-EU countries, notably Turkey, which expanded its market share from 6 to 7%.
Virgin and extra virgin olive oil accounted for 72% of total imports, olive oil for 25% and olive pomace oil for no more than 3%.
Between 2008/09 and 2013/14 imports rose overall by 69% from 33307 tonns to 56 218 tonns. Growth has been constant, except for the decrease in 2010/11.
In 2013/14, South Korea imported 17637 tonns of olive oil and olive pomace oil. Although still small in volume terms, imports were 50% higher than in 2012/13.
Spain was the source of 72% of South Korean imports, followed by Italy with 24%, Turkey with 3%.
76% virgin and extra virgin; 17% olive pomace oil and 7% olive oil