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Get Actionable Insights from Pomace Olive Oil Export Data

pomace olive oil Export Data

In the ever-changing global trade arena, businesses seek every edge to remain competitive. Olive oil processing was introduced into the food business towards the end of the nineteenth century, and many innovations have been implemented since then. Pomace olive oil export data is helpful for firms looking to gain a competitive advantage. This data provides a snapshot of the current market situation and reveals actionable insights that can be used to influence strategic decisions and promote growth. In this blog, we will explore the pomace olive oil export statistics, top 10 olive oil producing countries, and much more. 

What is pomace olive oil?

Pomace olive oil is prepared from the remaining olive pulp, skins, and pits after the first pressing of the olives. The residual pomace is then treated with solvents to remove any remaining oil. The resulting pomace olive oil is lower quality than other olive oils and is commonly used in cooking and industrial purposes. It is crucial to remember that pomace olive oil may have different health advantages or flavor profiles than other varieties of olive oil.

Pomace olive oil is made using a solvent extraction method. After the initial pressing of olives to produce extra virgin or virgin olive oil, the residual olive pulp, skins, and pits, known as pomace, are collected. The leftover oil is subsequently extracted from the pomace using a solvent (typically hexane). The solvent is removed, and the remaining oil is processed to remove impurities.

What is the importance of olive pomace oil?

Pomace olive oil is classified as a refined oil'. It lacks the polyphenols found in olive oil, which can help prevent the spread of certain malignancies. Pomace olive oil contains a high concentration of monounsaturated fatty acids, which may help to minimize the risk of certain cardiovascular disorders. It is also ideal for cooking due to its high smoking point.

However, olive pomace is heated and chemically treated to get the desired outcome, unlike extra virgin olive oil, which is regarded as very healthful and cold-pressed. In terms of the fundamentals, pomace oil is safe to consume.

It is also connected to other olive oils in that, while derived from the same plant as extra virgin pressings, the final refined olive oil product distinguishes it.

Who is the largest exporter of olive oil in the world?

As per Pomace olive oil exporter data, Spain is the world's leading producer and exporter, followed by Italy, Morocco, and Portugal. Greece, Tunisia, and Turkey are significant olive oil producers and exporters.

Israel produces around 16,000 metric tons of extra-virgin olive oil (EVOO) per year from its 81,000 acres of olive orchards. Most of the pomace olive producing countries are concentrated in the Shomron, Golan Heights, and Galilee regions.

Morocco is well-known for its high-quality olive oil, particularly in the Meknes, Fes, and Souss-Massa districts. The country's olive oil sector is dominated by small-scale farmers and cooperatives, with the majority of production in rural areas. 

Understanding Pomace Olive Oil Export Data: 2022-23

According to Pomace Olive Oil Export Data, around 556,000 metric tons of Pomace olive oil were exported globally in 2022-23 (October-September). However, the export value was approximately €830 million in 2022-23. As compared to past years, both volumes and weights have declined.

Here's an overview of the pomace olive oil exporter data changes:

Year Pomace Olive Oil Export Data (tonnes) Change from previous year Value (million €) Change from previous year
2022-23 556,000 -14% 830 -18%
2021-22 647,000 4% 1,014 13%
2020-21 622,000 -10% 892 -15%

 

According to Pomace olive oil export data,  global Pomace olive oil exports fell by roughly 14% in volume and 18% in value in 2022–23. This was primarily due to lower olive oil output and greater domestic consumption rather than a lack of demand. Interestingly, this declining trend in volume has been going on for five years. Still, rising average export prices have kept the overall value broadly consistent, implying a shift towards higher-quality pomace oil for frying and industrial applications.

The fall in 2022-23 continues a negative trend from the previous five years. Despite the decline in volume, export value has remained broadly consistent, implying an increase in average export prices. This rise may be driven by rising demand for higher-quality pomace oils used in frying and industrial applications.

Olive pomace oil HS codes

The top three product categories for olive pomace oil exports from India are

  • HSN Code 15099010 : 15099010
  • HSN Code 1509100000 : 1509100000
  • HSN Code 15099090 : 15099090

Discover export data for pomace olive oil from the best exim data bank, like Seair Exim Solutions. Get export value, price data, Pomace oil HS codes, trends, and more. The following information is based on HS Code 1509 (olive oil and its fractions, refined or not; not chemically changed).

The top 10 olive oil-producing countries

According to olive oil exports by country figures, global imports of "olive oil and its fractions, whether or not refined, but not chemically modified," exceeded $10 billion in 2022. The prior year, it was $8.58 billion (based on merchandise trade figures from 139 countries). Here are the top 10 olive oil-producing countries:

Rank Country Volume (tonnes) Change from previous year
1 Spain 1,428,351 -24%
2 Italy 335,925 -25%
3 Greece 269,192 -9%
4 Turkey 240,372 14%
5 Tunisia 151,209 5%
6 Morocco 142,160 22%
7 Portugal 75,722 19%
8 Syria 71,531 -14%
9 Algeria 70,519 3%
10 Egypt 64,198 1%

 

While Spain remains the uncontested king of olive oil production, its crown has been slightly tarnished by a 24% reduction from the previous year. Italy and Greece also experienced significant production declines, contributing to a general decrease in olive oil output. 

However, Turkey's production increased significantly in a ray of hope, potentially shaking up the established ranks. Meanwhile, North African producers such as Tunisia and Morocco continue to grow, indicating a shift in the olive oil environment. This mixed picture captures a fascinating mix of difficulties and opportunities in the worldwide olive oil sector. In addition to Turkey, Spain, Italy, and Greece are known for producing high-quality extra virgin olive oil.

Europe's drought has affected olive oil supplies to India

According to estimates, pomace olive oil costs, trending between Rs 400 and Rs 500, are anticipated to jump to Rs 800 per liter. Two years of drought in Europe have pushed prices to record highs.

According to Pomace olive oil import data, prices have increased by 50-60% globally. "My Italian suppliers said there is unlikely to be any respite till the year-end," the importer said.

Customers in India are feeling the heat. "I have noticed a significant reduction in discounting on olive oil both in supermarkets and online," Prerna Bhamra, a resident of Vasant Kunj in Delhi, stated.

Most olive oil in India (at least 90%) is imported from Spain and Italy. Hence, India is facing a triple whammy. "Not only have source prices doubled over the last year, but the euro has also appreciated by 12% to 13%, and we are still paying a 40% to 45% import duty on this higher price," said Rahul Upadhyay, head of the Indian Olive Association.

In 2022, India imported 13,433 metric tonnes of extra virgin and pomace olive oils. With domestic market prices growing, the group has requested that the government decrease levies.

How to find the biggest olive oil importers?

To find out the biggest olive oil importers or olive oil exports by country, you can visit the Seair Exim Solutions dashboard. Here, you can find the pomace olive oil export data, pomace olive oil exporter data, pomace olive oil HS codes, and more. We at Seair Exim Solutions also provide import export data and global trade data. Also, we have an exclusive database for 100+ global nations. 

In conclusion, businesses must utilize all available resources. Pomace olive oil export statistics are valuable for making strategic decisions and driving success. By leveraging the insights in this data, organizations may manage current market conditions and strategically position themselves for the future, assuring long-term growth and profitability. However, if you need any assistance regarding olive oil import data or pomace olive oil export data, connect with our dedicated experts and schedule a free live demo today!

 

FAQ’s

Q1. What is the biggest exporter of olive oil?

Spain is the world's largest olive oil exporter, a position it has maintained for many years. Their reputation for producing high-quality olive oil, combined with favourable growing conditions, positions them as a market leader.

Q2. Who are the top 10 exporters of olive oil?

Based on olive oil exports by country data,  here's a glimpse into the top 10 olive oil exporting nations:

1. Spain

2. Italy

3. Tunisia

4. Greece

5. Portugal

6. Turkey

7. Morocco

8. Syria

9. Chile

10. Jordan

Q3. Who is the largest exporter of olive oil in Europe?

Certainly, Spain shines again, as the clear leader in European olive oil exports. Their extensive olive trees and production experience placed them ahead of other European competitors.

Q4. Who is biggest importer of olive oil?

The United States is the world's biggest olive oil importer, accounting for a sizable share of global production. Other major importers are Japan, the European Union (with the exception of Spain and Italy), and Brazil.

Q5. What is the HS code for pomace olive oil?

The Harmonised System or HS code for pomace olive oil varies slightly with refinement stage. The code for refined pomace olive oil is 15099010, while non-refined pomace olive oil is 15099090.

Q6. Which country imports the most olives?

As per the pomace olive oil import data, the United States imports the most olive oil, the title for importing the most olives goes to Italy. Despite its large olive oil production, Italy imports olives for processing and re-exporting as olive oil and other olive products.

Q7. How to find reliable olive oil exports data?

Visit the Seair Exim Solutions dashboard to find out which countries have the most olive oil imports or exports. Here you may get pomace olive oil exports data, pomace olive oil exporter data, pomace olive oil HS codes, and other information. 

  • Seair Exim
  • 11-Jan-2024

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