Olive oil production by country
Olive oil is one of the most geographically concentrated agricultural commodities in the world: the Mediterranean basin produces nearly all of it, and a single country — Spain — produces roughly 40–45% of the world total in a normal campaign. That concentration is the key to understanding why the market behaves the way it does: one drought in Andalusia is a global supply shock.
Latest EVOO origin price per covered country
| Country | €/kg | Date | Source |
|---|---|---|---|
| Spain | 3.498 | 2026-08-23 | European Commission — agri-food data portal (olive oil prices) |
| Italy | 4.880 | 2026-08-02 | European Commission — agri-food data portal (olive oil prices) |
| Greece | 3.650 | 2026-08-09 | European Commission — agri-food data portal (olive oil prices) |
| Portugal | 3.500 | 2026-08-23 | European Commission — agri-food data portal (olive oil prices) |
Latest national extra virgin observation per country, from European Commission agridata price reporting, as ingested and validated by Olea Markets.
The producers, one by one
Spain (~40–45% of world output). Typically 1.3–1.8 million tonnes per campaign, dominated by Andalusia; the province of Jaén alone often out-produces the whole of Italy. Spanish supply and its bulk price — tracked daily by our indices and by the Jaén page — set the tone for every other origin.
Italy (~10–15%). Structurally a net importer despite being the second European producer: domestic consumption far exceeds output, and production skews to premium and PDO oils. Italian quotations (ISMEA, by piazza — see Bari) typically carry a premium over Spain.
Greece (~10%). The highest per-capita consumption in the world and a strong export orientation toward bulk EVOO, much of which is bottled elsewhere. National prices tend to track Spain with a variable differential — see the Greece price page.
Portugal (~5%). The fastest-growing producer in Europe on the back of intensive new groves in the Alentejo; increasingly a price-competitive origin for bulk EVOO — see the Portugal price page.
Not yet covered: Tunisia, Turkey, Morocco. Together they can account for a fifth of world output or more in good years — Tunisia is regularly the largest non-EU exporter, and Turkey has posted record campaigns. Their official price reporting is not yet integrated into Olea Markets; the four covered EU markets represent about two thirds of world production.
Why shares matter for prices
Production share translates directly into price influence. The OLEA-EVOO-EU composite weights each covered market by its production share, which is why it moves almost in step with Spain. When Spanish output collapses — as in 2022–23 — buyers turn to Greece, Portugal and non-EU origins, compressing the usual differentials before Spanish supply normalises. Reading the country table above against the price-formation guide is the fastest way to see that mechanism at work.
Production shares are approximate ranges over recent campaigns (COI/EU data vary by year); the prices in the table are live observations.
Frequently asked questions
- How much olive oil does Spain produce?
- In a normal campaign Spain produces roughly 40-45% of the world total — typically 1.3 to 1.8 million tonnes — concentrated in Andalusia, with Jaén alone often out-producing the whole of Italy.
- Why do Italian prices trade above Spanish ones?
- Italy consumes far more than it produces and its output skews to premium, PDO-labelled oils. Structural import demand plus a quality premium keeps ISMEA quotations above the Spanish reference most of the time.
- Does Olea Markets cover Tunisia, Turkey or Morocco?
- Not yet. They are significant producers — Tunisia is often the largest non-EU exporter — but their official price reporting is not yet integrated. Coverage today: Spain, Italy, Greece and Portugal, about two thirds of world output.
- Where do the prices in the country table come from?
- From the European Commission's agridata price reporting: the latest national EVOO observation per member state, ingested and quality-checked by Olea Markets before publication.
Related guides & data
Live figures on this page are injected from the Olea Price database at render time.