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

Last update:DG AGRI DASHBOARD: OLIVE OIL 31.10.2016

Sources: International Olive Council (IOC), MS declarations (R826/2008), Eurostat/Comext©, DG Agri estimations

409

560547

603 595569 553

471

357 344 352 363 355 354 356 354 354 370 385

266294 296 295 309

349 329 302287 296 304 296 295 294 290 292 295 295

262300 322 329

355

415379

333308 328

329 321 316 300 299 310 311 317

100

200

300

400

500

600

700

€/10

0kg

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

ITALY - BARI GREECE - CHANIA SPAIN - JAÉN Reference threshold

262

310 310 310

308

358 305

290 282 288

287 285 285285

285 295

249 301

312 322347

394 388

346

311295

318 314 304 300 290303 306 311

235252 257 260 266 270

320 317295

265 250265 273 275280 279 275 277280

280

100

150

200

250

300

350

400

€/10

0kg

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

ITALY - BARI SPAIN - JAÉN GREECE - CHANIA Reference threshold

239249

268 276298

382

326

295 281

305 304289 287

274

282 297

299 306

209 225

229 238263

290348

310

267 240273

254

252 249 253268

268

268

190 195

205

207 209227

230271

250 226

210

223233 229 230 229 225 227

230230

100

150

200

250

300

350

400

€/10

0kg

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

markets

SPAIN - JAÉN ITALY - LECCE GREECE - CHANIAReference threshold - Spain Reference threshold - Italy Reference threshold - Greece

3.0703.317

2.411

3.252

2.460

3.1652.918

2.2092.395

1.462

2.483

1.435

2.3222.098

861 922 949769

1.026843 820

0

500

1000

1500

2000

2500

3000

3500

2010/11 2011/12 2012/13 2013/14 2014/15(fin.) 2015/16 (prov.) 2016/17 (est.)

OLIVE OIL PRODUCTION (1000t)WORLDEUnon-EUAverage world 2010/11-2015/16

excl. pomace oil

-1000

-500

0

500

1000

1500

2000

EU Structure of olive oil trade 2006-2016 with EXTRA-EU28 (Mio Eur)

periods October-SeptemberExport virginlampanteExport pomace

Export "olive oil"

Export extravirgin+virginImport virginlampanteImport "olive oil"

Import extravirgin+virginImport pomace

TRADE BALANCE

Link: MS communications - monthly production 2015/16 (R826/2008)

1.3921.615

618

1.782

842

1.402 1.380

440 399 416 464222

475330301 295

358

132

300 320260

63 76 59 9261

109 11013 10 11 14 10 17 18

2.209 2.395

1.462

2.483

1.435

2.3222.098

0

500

1.000

1.500

2.000

2.500

3.000

2010/11 2011/12 2012/13 2013/14 2014/15(fin.) 2015/16 (prov.) 2016/17 (est.)

EU OLIVE OIL PRODUCTION (1000t)

excl .pomace oil

variation 2016/17 vs 2015/16

Spain (-2%)

Italy (-30%)

Greece (-19%)

Portugal (+1%)

Others EU (+5%)

EU tota (-10%)

Average 2010/11-2015/16

-

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 15099000)

Extra virgin+virgin (CN 15091090)

Lampante (CN 15091010)

Average last 3 campaigns

-

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 15099000)

Lampante (CN 15091010)

Extra virgin+vi rgin (CN 15091090)

Average last 3 campaigns

861922 949

769

1026

843 820

120182 220

70

340

140 100160191

195

135160 143

177

130120 100 130 120 130 130180

198 175 180105 110 110

271231 259 254

301 320 303

0

200

400

600

800

1.000

1.200

2010/11 2011/12 2012/13 2013/14 2014/15(fin.) 2015/16(prov.)

2016/17 (est.)

non-EU OLIVE OIL PRODUCTION (1000t)excl .pomace oil

variation 2016/17 vs 2015/16

Total non-EU (-3%)Tunisia (-29%)Turkey (+24%)Morocco (0%)Syrian Arab Republic (0%)Others non-EU (-5%)

2.902 3.061 3.086 2.989 3.076 2.842 2.928 2.954

1.830 1.862 1.787 1.620 1.726 1.553 1.619 1.646

-

1.000

2.000

3.000

4.000Olive oil consumption

(1000t)

World EU

IOC marketing years Oct-Sept; excl. pomace olive oil; *final **provisional; ***estimated; not yet consolidated at IOC level

632688

894

455

631

263

475 486

0

200

400

600

800

1000 EU Olive oil ending stocks(1000t)

Ending stocks on 30.9. ;excl. olive pomace oil; * final., ** provisional; incl.intra&extra trade; not yet consolidated at IOC level

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409

560547

603 595569 553

471

357 344 352 363 355 354 356 354 354 370 385

266294 296 295 309

349 329 302287 296 304 296 295 294 290 292 295 295

262300 322 329

355

415379

333308 328

329 321 316 300 299 310 311 317

100

200

300

400

500

600

700

€/1

00

kg

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

ITALY - BARI GREECE - CHANIA SPAIN - JAÉN Reference threshold

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

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262

310 310 310

308

358 305

290 282 288

287 285 285285

285 295

249 301

312 322347

394 388

346

311295

318 314 304 300 290303 306 311

235252 257 260 266 270

320 317295

265 250265 273 275280 279 275 277280

280

100

150

200

250

300

350

400

€/1

00

kg

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

ITALY - BARI SPAIN - JAÉN GREECE - CHANIA Reference threshold

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

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239249

268 276298

382

326

295 281

305 304289 287

274

282 297

299 306

209 225

229 238263

290348

310

267 240273

254

252 249 253268

268

268

190 195

205

207 209227

230271

250 226

210

223233 229 230 229 225 227

230230

100

150

200

250

300

350

400

€/10

0kg

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

markets

SPAIN - JAÉN ITALY - LECCE GREECE - CHANIAReference threshold - Spain Reference threshold - Italy Reference threshold - Greece

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

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3.0703.317

2.411

3.252

2.460

3.1652.918

2.2092.395

1.462

2.483

1.435

2.3222.098

861 922 949769

1.026843 820

0

500

1000

1500

2000

2500

3000

3500

2010/11 2011/12 2012/13 2013/14 2014/15(fin.) 2015/16 (prov.) 2016/17 (est.)

OLIVE OIL PRODUCTION (1000t)WORLDEUnon-EUAverage world 2010/11-2015/16

excl. pomace oil

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1.3921.615

618

1.782

842

1.402 1.380

440 399 416 464222

475330301 295

358

132

300 320260

63 76 59 9261

109 11013 10 11 14 10 17 18

2.209 2.395

1.462

2.483

1.435

2.3222.098

0

500

1.000

1.500

2.000

2.500

3.000

2010/11 2011/12 2012/13 2013/14 2014/15(fin.) 2015/16 (prov.) 2016/17 (est.)

EU OLIVE OIL PRODUCTION (1000t)

excl .pomace oil

variation 2016/17 vs 2015/16

Spain (-2%)

Italy (-30%)

Greece (-19%)

Portugal (+1%)

Others EU (+5%)

EU tota (-10%)

Average 2010/11-2015/16

Link: MS communications - monthly production 2015/16 (R826/2008)

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

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861922 949

769

1026

843 820

120182 220

70

340

140 100160191

195

135160 143

177

130120 100 130 120 130 130180

198 175 180105 110 110

271231 259 254

301 320 303

0

200

400

600

800

1.000

1.200

2010/11 2011/12 2012/13 2013/14 2014/15(fin.) 2015/16(prov.)

2016/17 (est.)

non-EU OLIVE OIL PRODUCTION (1000t)excl .pomace oil

variation 2016/17 vs 2015/16

Total non-EU (-3%)Tunisia (-29%)Turkey (+24%)Morocco (0%)Syrian Arab Republic (0%)Others non-EU (-5%)

\\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 15099000)

Extra virgin+virgin (CN 15091090)

Lampante (CN 15091010)

Average last 3 campaigns

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

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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 15099000)

Lampante (CN 15091010)

Extra virgin+vi rgin (CN 15091090)

Average last 3 campaigns

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

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-1000

-500

0

500

1000

1500

2000

EU Structure of olive oil trade 2006-2016 with EXTRA-EU28 (Mio Eur)

periods October-SeptemberExport virginlampanteExport pomace

Export "olive oil"

Export extravirgin+virginImport virginlampanteImport "olive oil"

Import extravirgin+virginImport pomace

TRADE BALANCE

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632688

894

455

631

263

475 486

0

200

400

600

800

1000 EU Olive oil ending stocks(1000t)

Ending stocks on 30.9. ;excl. olive pomace oil; * final., ** provisional; incl.intra&extra trade; not yet consolidated at IOC level

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

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2.902 3.061 3.086 2.989 3.076 2.842 2.928 2.954

1.830 1.862 1.787 1.620 1.726 1.553 1.619 1.646

-

1.000

2.000

3.000

4.000Olive oil consumption

(1000t)

World EU

IOC marketing years Oct-Sept; excl. pomace olive oil; *final **provisional; ***estimated; not yet consolidated at IOC level

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