Export market for Olive Oil in France (12월, 2022)

The International Olive Council predicts a significant decrease in global olive oil production for the 2022/23 crop year, with a projected 18% drop to 2.73 million tons, marking a six-year low. This decline is largely due to reduced production in Western Europe and North Africa, with Spain and Italy experiencing the most significant drops. However, countries like Greece, Turkey, and nations in the Middle East have seen production increases, largely due to favorable weather conditions. Despite the global production decrease, olive oil consumption is expected to fall in many areas, with the United States and European Union experiencing the most significant drops. Concurrently, global table olive yields have increased to 3.10 million tons, surpassing 3 million for the first time in five years.