Global Olive Oil consumption worldwide
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  • Global Olive Oil consumption worldwide

Many times we are worried about the production of olive oil figures to try to know-how will be the evolution of the prices in the near future, but what about the consumption? This is the important key in the price evolution analysis.

In fact, global olive oil consumption has exceeded olive oil production during the last three harvests according to the new data gathered by the International Olive Council.  The forecast for the global olive oil consumption in the current season could get to 3.215 million tons compared with a total production of 3.1 million tons.

On the other hand, if we compare this forecast with the global consumption just 20 years ago, it got to 2.606 million tons in 2001/02, which means the global consumption was increasing almost 24% during the last two decades.

Changes in the consumer lifestyles could be bellow these figures. People are more and more health aware and look for better quality products and Olive Oil is a clear example of substitution for cooking needs.

Ready to join this trend? Some new business opportunities are waiting for you!

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