Olive Market in Italy
In value terms, olive production stood at $ in estimated in export price. The total output value increased at an average annual rate of +% over the period from 2012 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when the production volume increased by % against the previous year. Over the period under review, production hit record highs at $ in 2019; afterwards, it flattened through to .
In , the average yield of olives in Italy contracted to tons per ha, approximately mirroring the previous year. Over the period under review, the yield saw a pronounced decline. The pace of growth appeared the most rapid in 2015 with an increase of % against the previous year. Over the period under review, the average olive yield hit record highs at tons per ha in 2012; however, from 2013 to , the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In , the harvested area of olives in Italy fell slightly to ha, remaining constant against the year before. In general, the harvested area, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of % against the previous year. Over the period under review, the harvested area dedicated to olive production reached the maximum at ha in 2014; however, from 2015 to , the harvested area remained at a lower figure.
The size of the olive market in Italy was estimated at $ in , standing approx. at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $ in 2019; however, from to , consumption failed to regain momentum.