Refined Olive Oil Market Overview in the Czech Republic
In value terms, refined olive oil production expanded significantly to $ in 2019 estimated in export prices. The total output value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when the production volume increased by % against the previous year. Refined olive oil production peaked in 2019 and is expected to retain growth in the near future.
The revenue of the refined olive oil market in the Czech Republic stood at $ in 2019, increasing by % against 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). The market value increased at an average annual rate of +% from 2007 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2017 when the market value increased by % year-to-year. Over the period under review, the market hit record highs in 2019 and is expected to retain growth in the immediate term.