Just three months before the olive harvest is starting in the major Mediterranean olive oil producing countries, the international provider of technology services to GEA Iberia food industry makes a first assessment of what the next season 2016/17 will bring.
According to the study carried out, the company predicts a reduction of 8% in the global olive oil production compared to the current one, with Europe, which represents the 78% of global supply, reducing its production by 4% due to the Italy’s downfall (-74%), in Greece (-26%) and in Portugal (-4%), whereas Spain will slightly increase by 9% and Turkey will expand by 17%.
With these data, the ranking of the main producing countries will be as follows:
- Spain: 1.53 million tons
- Italy: 270,000 tons
- Greece: 245,000 tons
- Turkey: 173,000 tons
- Portugal: 95 000 tons
For this study, the data that has been used, it has been collected from 500 sources in 47 countries which produce olive oil nowadays.
On the other hand, Africa, which holds 11% of total world olive oil production will reduce its supply due to the decrease in production of the two of the largest olive oil producers countries: Tunisia (-27%) and Morocco (-18% ). Both are expected to produce 100,000 tons. The total olive oil production is lower despite the fact that the cultivated surface of the planet has increased over the last year almost up to 1%, with 85,000 new hectares of olive groves.
As for America, occupying the 2% of the world production, it is expected to record an increase of 6%, but the production in Chile and Argentina will drop slightly by 3% and 9% respectively.
Asia, having the 8% of the world production, will mark a fall of 31 percentage points in the global supply, due to the decline in production mainly in Jordan, Palestine and Syria (21, 16, and 43% respectively). The most significant increase will be seen in Arabia and China (9 and 37 percentage points respectively).
Oceania, which does not even concentrate the 1% of world production, will experience an increase of 5% thanks to Australia.