Dcoop’s Export Volumes Rise as Lower Olive Oil Prices Cut Sales to €697.5 Million

Higher volumes offset by lower prices

Spanish agricultural cooperative Dcoop expanded its international shipment volume in 2025 even as falling olive oil prices reduced revenue. Teatro Naturale reported that the Andalusian group exported 278.9 million kilograms, litres and units during the year, up 10.11% from 253.3 million in 2024. The value of those sales fell 23.75%, from more than €914 million to €697.5 million, reflecting lower agricultural commodity prices.

Dcoop, headquartered in Antequera, recorded consolidated revenue of €1.421 billion, including subsidiaries, compared with €1.554 billion in 2024. The approximately 8.6% decline was attributed primarily to the correction in olive oil prices from the exceptional levels reached in 2024. The figures show that the cooperative sold more products abroad while receiving substantially less revenue per unit.

Olive oil remains the economic core

Dcoop’s olive oil division generated €723.2 million in revenue in 2025. Its broader olive-related activities—including oil, table olives, mills, pomace and the use of by-products—produced approximately €875.3 million. Olive oil therefore remained the group’s largest economic activity despite the decline in market prices.

Dcoop and its subsidiary Mercaóleo exported about 112 million kilograms or litres of bulk and packaged oil, worth €491.2 million. That represented approximately 70% of the cooperative’s total export value. Wine exceeded oil in export volume for the first time, reaching 120.2 million litres, but oil continued to contribute far more revenue.

United States provides a strategic sales platform

Italy was Dcoop’s largest destination for olive oil in 2025, followed by the United States. Across all products, its five leading export markets were Italy, the United States, the United Kingdom, France and Germany. Products supplied by the cooperative’s associated farming and livestock families reached 82 countries.

US sales totaled €198 million, mainly from olive oil and Dcoop’s relationship with Pompeian. This was about 28% of the group’s €697.5 million in international sales. According to Dcoop, the amount also represented more than 70% of Málaga province’s agri-food exports to the US market. Dcoop owns 50% of Pompeian, which it describes as the leading US olive oil brand. Market sources and the cooperative have put Pompeian’s share of the extra virgin olive oil category at around 20%.

Full acquisition paused amid tariff uncertainty

Dcoop and Pompeian established their relationship through an exchange of equity stakes in 2015. Pompeian operates packaging facilities in Baltimore, Maryland, and the Los Angeles area, giving the partnership industrial and distribution capacity inside the US. The arrangement brings packaging, marketing and access to consumers closer to one of the world’s principal markets for imported olive oil.

In November 2025, Dcoop president Antonio Luque confirmed negotiations to acquire the remaining 50% of Pompeian. The plan was frozen in 2026 because of uncertainty over trade between the United States and Spain and the risk of new tariffs. Dcoop nevertheless retains several routes to market: bulk oil, private-label products and consumer brands. Its wholly owned Mercaóleo business operates an Antequera plant with packaging capacity exceeding 70 million litres, supporting the cooperative’s strategy across industrial and retail channels.