Olive & Oil 05/03/2012

Trading of olive oil in European Union

According with Ioc data, imports of olive oil between the 27 Member States of the European Union have gone up by 23% from 2007/08 to 2010/11. In the same period exports went up by 17%

Over the last four crop years, imports of olive oil between the 27 Member States of the European Union have gone up by 23%, rising from 792 458.8 t in 2007/08 to 974456.8 t in 2010/11. This translates into a yearly average of 867098.8 t. When broken down by percentage share of cumulative intra-EU imports for the four seasons, Italy leads the way with 51%, followed by France (12%), Portugal (9%), the United Kingdom and Germany (7% each), Spain (3%), and Belgium and the Netherlands (2% each). Austria, Sweden, Poland, the Czech Republic, Ireland and Denmark each accounted for 1% of olive oil imports between EU countries.
How intra-EU imports of olive oil by the EU olive oil producing nations have changed over the same four-season period is shown in the bar chart below. Between 2007/08 and 2010/11 such imports by Italy, the leader in this category, climbed by 40.4% to reach 537 503 t. The same comparison reveals
import volumes of 106 545 t (-0.5%) for France, 74 535.2 t (-1.5%) for Portugal and 25 189.5 t (+19.9%) for Spain. In short, the biggest change has been in the Italian market where intra-EU purchases have increased sharply over the last two crop years.
Germany and the United Kingdom top the ranking with 63 542 t and 61 999.9 t of imports in 2010/11, representing +12% and +4% growth respectively versus 2007/08. The same comparison for the other countries reveals import volumes of 16912.3 t (+14%) for the Netherlands, 16856.1 t for Belgium (no change), 9831.2 t (+100%) for Poland, which doubled its import volume over the four years. Moving further down the line, we find Austria with 9 657.6 t (-10%), Sweden with 8312.9 t (+16%), Ireland with 6385.9 t (+4%), the Czech Republic with 6248.7 t (-6%), Denmark with 5 964.7 t (+33%), Romania with 5 810.7 t (+119%) and Finland with 2 597 t (+60%). The remaining countries import volumes less than 2500 t.

Through the last four seasons, intra-EU exports of olive oil averaged 802292.1 t. Review of the yearly figures shows that they went up by 17% from 751438 t in 2007/08 to 882735 t in 2010/11. Notably, the gap between intra-EU imports and exports has shot up from +41021 t in 2007/08 to +172165 t in 2010/11. Average exports of olive pomace oil during the same period came to 74491 t.

Spain is the leading exporter, accounting for 72% of total intra-EU exports. In 2010/11, its exports rose by 4% versus the season before and 17% versus 2007/08, reaching 627043 t. The main destinations were Italy (65%), Portugal (13%), France (10%) and the United Kingdom (6%). The remainder of the 27 EU Member States imported smaller percentages.

Italy, the second biggest exporter, had a 16% share of total intra-EU exports in 2010/11 when it exported 141560 t, representing an increase of 10% on 2009/10 and 19% on 2007/08. In 2010/11, 31% of its exports went to Germany, followed by France (23%), the United Kingdom (13%), Spain (6%), and Belgium and the Netherlands (4%). The rest of the EU/27 Members took smaller percentages of Italian exports.

Greece is the third biggest exporter, accounting for 9% of aggregate EU exports. In 2010/11 it exported
79575 t. This reflects an increase of 31% on 2009/10 and 14% on 2007/08. Eighty-four per cent of its exports went to Italy, 7% to Germany, 2% to the United Kingdom. The rest of the countries imported smaller volumes of Greek exports.

di T N