IOC Newsletter December 2011

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MARK KET NEWSL LETTER No 56 – Decemb ber 2011

WORLD TA ABLE OLIVE MARKET f 2011/12 Estimates for The 2011/12 2 crop year opened o with an estimate ed 703 500 t in table olivve stocks. Fo orecasts put production at 2 565 000 0 t (+5%) while w consum mption is an nticipated to jump by 8% from the e level of 20 010/11 and imports and exports by 5% 5 and 28% %, respectively (see table). Overview of chief parameeters for 103 t) 2009/10 and 2010/11 (1

Ranking of table olive prroducing countries

Table olive es

2011/12 (estimate es) Country EU/27 Egypt Turkey Argentina Syria Algeria Morocco Peru Iran Chile Jordan Albania USA Tunisia Lebanon

2010 0/11 2011 1/12 (provissional (estim mates) figurres) 484 4.0 703 3.5 2 44 40.0 2 56 65.0

Volume ((1 000 t) Starting stockks Production

667 7.5 500 0.0 450 0.0 200 0.0 165 5.0 133 3.0 100 0.0 87.0 45.0 34.0 27.0 26.0 26.0 22.0 20.0

Imports

% % chaange 45 5.4 5.1 5

580 0.0

610 0.0

5.2 5

2 20 05.0

2 38 87.5

8.3 8

Exports

595 5.5

762 2.0

28 8.0

Ending stockss

703 3.5

729 9.0

3.6 3

Consumption n

Egypt E 20%

Syria 6%

Turkey 18%

Morocc co 4% Chile 1%

USA A 1% Argentin na 8%

Others 11%

Algeria A 5% EU/27 7 26%

ucing countriies Main produ

The Europea an Union exp pects to prod duce 667 500 0 t, representing 26% of all the table e olives produ uced in the world. When n broken do own by EU producer p cou untry, Spain comes first with 482 10 00 t – it is the t world’s second bigge est producerr after Egypt – followed by b Greece (1 110 000 t), Ittaly (60 200 t), Portugal (11 000 t), Cyprus (2 80 00 t) and Fra ance (1 300 t). t Malta and d Slovenia do o not produce e any table o olives. Egypt expects to produce 500 0 000 t (19% % of world pro oduction). Next in line arre Turkey witth 450 000 t (17%), Arge entina with 200 000 t (8 8%), Syria with w 165 000 t (6%), Alge eria with 133 000 t (5%) and Morocco o with 100 000 0 t (4%). The percenta age productiion shares off other counttries are liste ed in the rankking table ab bove. e olive consu umption World table

Turkey 12%

USA 10%

Peru 2%

EU27 26%

Other importers 3% Egypt 13%

Other producers11% p

Syyria 5%

Algeria 6%

Brazil 4 4%

Russia Mo orocco Iran 2% 3% 1%

Jordan Israeel 1% 1%

Consu umption for 2011/12

Source: Interna ational Olive Cou uncil

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