Non-producing countries conducive to world consumption of olive oil exceeds 3 million tonnes
Olive oil is a product whose global consumption is expanding, as evidenced with forecasts for the 2015/2016 campaign, aimed at more than 3 million tons, representing a growth of 6% with respect to the above, according to the International Olive Oil Council (IOOC). Increase reflected mainly in non-producing countries, which exceed 25% of the total compared with 11% representing 15 years ago. The International Fair of Olive Oil (WOOE, its acronym in English), which will host IFEMA Madrid on 29th and 30th March 2017, will be the ideal place to promote this excellent news for the sector forum.
The World Olive Oil Exhibition is presented as the best opportunity to activate an increasingly interesting and global market, which can give greater competitiveness to the participating companies, thanks to the significant presence of international operators. That commitment for olive oil from emerging countries is also an opportunity for the packaging sector in order to position their brands in them, through as important event as the International Olive Oil Gathering.
According to the IOC, Italy remains the first consumer in volume, will grow during this campaign, with 581,000 tonnes, ahead of Spain with 490,000 tonnes; United States, returns to grow 6%, to 308,000 tons; Greece with 150,000 tons, with a recovery of 7% after the sharpest part of their economic crisis; Syria with 170,500 tonnes; Turkey with 124,000 tonnes; Morocco with 120,000 tons and Frances with 103,000 tons and an increase of 11%.
Other important global consumers are in addition to Portugal with 74,000 tons, Brazil witht 66,500 tons; Japan with 60,000 tons, UK with 59,000 tons, Germany with 58,000 tons, Canada with 38,500 tons, Australia with 37,500 tons and China with 31,000 tons.
The per capita consumption, according to various sources, is led by Greece with 13.6 liters, followed by Spain with 11.2 liters, Italy with 10.5 liters, Syria with 8.5 liters, Portugal with 7.4 liters, Cyprus with 7 liters, Albania with 4.3 liter, Lebanon with 4 liters, Jordan with 3.8 liters, Morocco with 3.65 liters, Tunisia and Luxembourg with 3.2 liters, Malta with 2.9 liters, Israel and Libya with 2.5 liters and France with 1.75 liters.
Although it is still early to talk harvest in our hemisphere, where the bulk of the world’s olive oil is produced, everything suggests, according to sources in the sector, it will be a good year of production.
Large representation of the organic sector
The success of the past WOOE, praised by the majority of players participating sector has spurred the preparations for the next edition which will, among its novelties, with a large presence of organic farmers, a segment clearly growing and whose oil olive is increasingly demanded by the international market. The commitment to quality and creativity in packaging and labeling will also play a key role in the next edition of the event.
For more information, info@oliveoilexhibition.com; www.oliveoilexhibition.com twitter.com/Worldoliveoil; facebook.com/oliveoilexhibition
Source: World Olive Exhibition
