Olive oil exports up 36%
Exports of Portuguese olive oil increased 36% in volume and 57% in value between January and October 2022.
However, internal sales fell 14%on 2021 according to data provided by the Casa do Azeite.
The figures are in line with sector projections taking into account that 2021 was the bet year in terms of production of olive oil in Portugal ever and “it is natural that a significant part of this production will be exported over 2022”, said the General Secretary of the Casa do Azeite, Mariana Matos to the news agency Lusa.
Market by market, exports of olive oil in bulk from other main competing countries also rose: Italy (+84%) and Spain (+55%). Brazil continues to be Portugal’s main market of packaged olive oil for household consumption with exports growing 6.5% on the same period in 2021.
According to the Casa do Azeite, which quotes internal data, sales of olive oil in Portugal fell by 14% compared to the previous year. “This fall in consumption was to be expected, not just because the price of olive oil has gone up significantly, but also because of the effect of inflation over all with a decline in household purchasing power as a result”, says Mariana Matos.