DG AGRI DASHBOARD: OLIVE OIL

EU

Bala

nce

Sh

et

2012/13 (final) 2013/14 (final) 2014/15* 2015/16**

Starting stocks 888 448 619 258

Production 1.462 2.483 1.434 2.050

Imports intra-EU 892 1.079 1.004 1.033

Imports extra-EU 153 53 199 133

Total imports 1.045 1.133 1.203 1.166

Total availability 3.395 4.064 3.256 3.473

Exports intra-EU 834 1.100 950 977

Exports extra-EU 491 601 504 530

Total exports 1.325 1.701 1.454 1.508

Consumption 1.621 1.731 1.532 1.616

Ending stocks 448 619 258 339 IOC marketing years Oct-Sept; excl. pomace olive oil; * provisional ** estimated; incl.refining losses

EU olive oil balance sheet

1000t

EU

Pric

es

Prod

ucti

on

EU

Trad

e

EU

Sto

cks

Con

su

mp

tion

EU

Bala

nce

Sh

eet

EU monthly production (MS' communications R826/2008)

DG AGRI DASHBOARD: OLIVE OIL Last update: 24.01.2018

2.402

3.252

2.458

3.177

2.5392.927

1.462

2.483

1.435

2.324

1.748 1.838

936769

1.024853 792

1.089

0

500

1000

1500

2000

2500

3000

3500

2012/13 2013/14 2014/15 2015/16 2016/17 (prov.) 2017/18 (est.)

OLIVE OIL PRODUCTION (1000t)WORLDEUnon-EUAverage world 2012/13-2016/17

excl. pomace oil;

618

1.782

842

1.403 1.2871.091

416 464222

475

182370358

132300 320 195 285

59 92 61 10969 7911 14 9 17 14 13

1.462

2.483

1.435

2.324

1.748 1.838

0

500

1.000

1.500

2.000

2.500

3.000

2012/13 2013/14 2014/15 2015/16 2016/17 (prov.) 2017/18 (est.)

EU OLIVE OIL PRODUCTION (1000t)

excl .pomace oil

variation 2017/18 vs 2016/17

Spain (-15%)Italy (+103%)Greece (+46%)Portugal (+14%)Others EU (-6%)EU total (+5%)Average 2012/13-2016/17

excl. pomace oil;

936

769

1024

853 792

1089

220

70

340

140100

220195 135

160150

177

287

100

130 120 130 110 140175 180105 110 110 100

246 254299 323 295

342

0

200

400

600

800

1.000

1.200

2012/13 2013/14 2014/15 2015/16 2016/17 (prov.) 2017/18 (est.)

non-EU OLIVE OIL PRODUCTION (1000t)variation 2017/18 vs 2016/17

Total non-EU (+38%) Tunisia (+120%)Turkey (+62%) Morocco (+27%)Syrian Arab Republic (-9%) Others non-EU (+16%)Average 2012/13-2016/17

-

10.000

20.000

30.000

40.000

50.000

60.000

70.000

Extra EU olive oil EXPORTS per CATEGORY (t)Pomace oil (CN 1510)"Olive oil" (CN 1509900 0)Virgin lampante (CN 150910 10)Virgin other than lampante (CN 15091080)Extra virgin (CN 15091020)Extra virgin + virgin other than lampante (CN 15091090)Average previous 3 marketing years

2015 - 20162014 - 2015 2016 - 2017

-

5.000

10.000

15.000

20.000

25.000

30.000

35.000

Extra EU olive oil IMPORTS per CATEGORY (t)Pomace oil (CN 1510)

"Olive oil" (CN 1509900 0)

Virgin lampante (CN 150910 10)

Virgin other than lampante (CN 15091080)

Extra virgin (CN150910 20)Extra virgin + virgin other than lampante (CN 15091090)

Average previous 3 marketing years

-800

-400

0

400

800

1200

1600

2000

2400

2800

EU Structure of olive oil trade 2007-2017 with EXTRA-EU28 (Mio Eur)

periods October-September Export virgin lampante

Export pomace

Export "olive oil"

Export extra virgin+virginother than lampante

Import virgin lampante

Import "olive oil"

Import extra virgin+virginother than lampante

Import pomace

TRADE BALANCE

632688

894

455631

211

421

348

300

0

200

400

600

800

1000 EU Olive oil ending stocks(1000t) enging stocks

Average last 5 years

Ending stocks on 30.9.; excl. olive pomace oil

2.902 3.061 3.086 2.989 3.076 2.916 2.980 2.803 2.976

1.830 1.862 1.787 1.620 1.726 1.605 1.660 1.463 1.571

-

1.000

2.000

3.000

4.000Olive oil consumption

(1000t)

World EU

IOC marketing years Oct-Sept; excl. pomace olive oil;

150

250

350

450

550

650

Average monthly prices of extra virgin olive oil in the most representative EU markets

€/100kg

Italy - Bari Spain - Jaen Greece - Chania150

200

250

300

350

400

450

Average monthly prices of virgin olive oil in the most representative EU markets

€/100kg

Italy - Bari Spain - Jaen Greece - Chania150

200

250

300

350

400

Average monthly prices of lampante olive oil in the most representative EU markets

€/100kg

Italy - Lecce Spain - Jaen Greece - Chania

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150

250

350

450

550

650

Average monthly prices of extra virgin olive oil in the most representative EU markets

€/100kg

Italy - Bari Spain - Jaen Greece - Chania

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150

200

250

300

350

400

450

Average monthly prices of virgin olive oil in the most representative EU markets

€/100kg

Italy - Bari Spain - Jaen Greece - Chania

\\net1.cec.eu.int\AGRI\C\4\C5 DATA\5. CEREALES\DASHBOARD\Dashboard_Cereals_Blue.xlsx - 'Dashboard (2)'!W64

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150

200

250

300

350

400

Average monthly prices of lampante olive oil in the most representative EU markets

€/100kg

Italy - Lecce Spain - Jaen Greece - Chania

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2.402

3.252

2.458

3.177

2.5392.927

1.462

2.483

1.435

2.324

1.748 1.838

936769

1.024853 792

1.089

0

500

1000

1500

2000

2500

3000

3500

2012/13 2013/14 2014/15 2015/16 2016/17 (prov.) 2017/18 (est.)

OLIVE OIL PRODUCTION (1000t)WORLDEUnon-EUAverage world 2012/13-2016/17

excl. pomace oil;

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EU monthly production (MS' communications R826/2008)

618

1.782

842

1.403 1.2871.091

416 464222

475

182370358

132300 320 195 285

59 92 61 10969 7911 14 9 17 14 13

1.462

2.483

1.435

2.324

1.748 1.838

0

500

1.000

1.500

2.000

2.500

3.000

2012/13 2013/14 2014/15 2015/16 2016/17 (prov.) 2017/18 (est.)

EU OLIVE OIL PRODUCTION (1000t)

excl .pomace oil

variation 2017/18 vs 2016/17

Spain (-15%)Italy (+103%)Greece (+46%)Portugal (+14%)Others EU (-6%)EU total (+5%)Average 2012/13-2016/17

excl. pomace oil;

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936

769

1024

853 792

1089

220

70

340

140100

220195 135

160150

177

287

100

130 120 130 110 140175 180105 110 110 100

246 254299 323 295

342

0

200

400

600

800

1.000

1.200

2012/13 2013/14 2014/15 2015/16 2016/17 (prov.) 2017/18 (est.)

non-EU OLIVE OIL PRODUCTION (1000t)variation 2017/18 vs 2016/17

Total non-EU (+38%) Tunisia (+120%)Turkey (+62%) Morocco (+27%)Syrian Arab Republic (-9%) Others non-EU (+16%)Average 2012/13-2016/17

\\net1.cec.eu.int\AGRI\C\4\C5 DATA\5. CEREALES\DASHBOARD\Dashboard_Cereals_Blue.xlsx - 'Dashboard (2)'!W64

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-

5.000

10.000

15.000

20.000

25.000

30.000

35.000

Extra EU olive oil IMPORTS per CATEGORY (t)Pomace oil (CN 1510)

"Olive oil" (CN 1509900 0)

Virgin lampante (CN 150910 10)

Virgin other than lampante (CN 15091080)

Extra virgin (CN150910 20)Extra virgin + virgin other than lampante (CN 15091090)

Average previous 3 marketing years

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-

10.000

20.000

30.000

40.000

50.000

60.000

70.000

Extra EU olive oil EXPORTS per CATEGORY (t)Pomace oil (CN 1510)"Olive oil" (CN 1509900 0)Virgin lampante (CN 150910 10)Virgin other than lampante (CN 15091080)Extra virgin (CN 15091020)Extra virgin + virgin other than lampante (CN 15091090)Average previous 3 marketing years

2015 - 20162014 - 2015 2016 - 2017

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-800

-400

0

400

800

1200

1600

2000

2400

2800

EU Structure of olive oil trade 2007-2017 with EXTRA-EU28 (Mio Eur)

periods October-September Export virgin lampante

Export pomace

Export "olive oil"

Export extra virgin+virginother than lampante

Import virgin lampante

Import "olive oil"

Import extra virgin+virginother than lampante

Import pomace

TRADE BALANCE

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632688

894

455631

211

421

348

300

0

200

400

600

800

1000 EU Olive oil ending stocks(1000t) enging stocks

Average last 5 years

Ending stocks on 30.9.; excl. olive pomace oil

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2.902 3.061 3.086 2.989 3.076 2.916 2.980 2.803 2.976

1.830 1.862 1.787 1.620 1.726 1.605 1.660 1.463 1.571

-

1.000

2.000

3.000

4.000Olive oil consumption

(1000t)

World EU

IOC marketing years Oct-Sept; excl. pomace olive oil;

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2012/13

(final )

2013/14

(final )

2014/15

(final )

2015/16

(final )

2016/17

(prov.)

2017/18

(est.)

Starting s tocks 894 455 631 211 421 348

Production 1.462 2.483 1.435 2.324 1.748 1.838

Imports extra-EU 153 53 225 98 91 157

Exports extra-EU 491 601 508 574 558 531

Consumption 1.620 1.726 1.605 1.660 1.463 1.571

Ending stocks 455 631 211 421 348 300

excl. pomace olive oil

EU olive oil balance sheet (1000t)