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Year 10 | 17 March 2018 | firstname.lastname@example.org
Over the last two decades, US imports of olive oil and olive pomace oil have increased almost two and a half times, rising from 125 000 t in 1993/94 to 311 000 t in 2014/15
In 1993/94, product packaged in containers < 18 kg accounted for 88 % of US imports but by 2014/15 this share was no more than 58.2 %. Sales of packed oils have therefore lost 29.8 points to bulk oils. Italy was the source of 72 % of the 125,000 t imported in 1993/94, with imports split between virgin olive oil (22 %), olive oil (50 %) and olive pomace oil (1 %). The remainder came largely from Spain (9 %), Greece (3 %) and Turkey (2.5 %).
In 2014/15, when US imports totalled more than 311 000 t, the trend had reversed and more olive oil was being imported in bulk than in bottles. Since 2000/01 there has also been a move towards quality among US consumers. This is shown by the fact that in 1993/94 virgin olive oil had a 32 % share of total imports. In 2014/15 this share had expanded to 67 %.
As mentioned above, 58.2 % of the oil imported into the United States in 2014/15 was in containers <18 kg and came mostly from Italy (39 %). Itemised by grade, Italian imports were made up of extra virgin (23 %), olive oil (10 %) and organic extra virgin (6 %), followed by olive pomace oil and other categories. Spain was the second biggest supplier of the United States, accounting for 13.6 % of its bottled imports. Next were Tunisia (2.0 %) and Greece (1.7 %) and other countries. Extra virgin olive oil was the grade in greatest demand for packaged imports.
Bulk-container imports have been winning ground from packaged product over the last 20 years. Italy leads the packaged market while Spain dominates the bulk market. In 2014/15, almost 42 % of the olive imported into the United States was in containers > 18 kg, of which 19 % was from Spain, followed by Tunisia (13 %), Morocco (3 %), Argentina (2 %), Italy (1.6 %), Chile (1.5 %) and the rest of the countries. Virgin olive oil was the most popular grade for imports in this category of container (24 % of the total, of which 17 % extra virgin, 5 % organic extra virgin and 2 % virgin). Thirteen per cent belonged to the olive oil grade and 4 % was olive pomace oil. Chart 4 plots the trend of US imports of the two chief categories of product - virgin olive oil (150910) and olive oil (150990) - by container size over the past 20 crop years. Notably, until 2001/02, packaged olive oil was in greatest demand (150990 < 18 kg) but this trend then switched and packaged virgin olive oil (150910 < 18 kg) is now predominant.
The five-season trend of US imports by country of origin and container size between 2010/11 and 2014/15 is reported in Table. The picture that emerges is a 17.9 % increase in bulk imports, contrasting with a loss in bottled shared (−0.41 %). The four top suppliers of packaged product by order of volume are Italy, then Spain, Tunisia, Greece and Turkey. In the bulk ranking, Spain is the leader, followed by Tunisia, Morocco, Argentina and Italy. Spain therefore clearly dominates the bulk market and is making inroads in packaged product, which is still led by Italy although it has lost ground in volume terms over the period reviewed.
by S. C.
29 february 2016, Food & Fun > Business