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