Virgin olive oil and fractions market in Americas, 2026

Earlier Report Observations

The volume of the virgin olive oil market in Brazil grew from 187 thousand tons in 2018 to 224 thousand tons in 2020. This expansion was primarily driven by increasing consumer awareness of the health benefits of extra virgin olive oil, which boosted demand. The trend was further accelerated in 2020 as the COVID-19 pandemic heightened the focus on healthy and natural foods, leading to increased consumption of virgin olive oil.

From 2021, the total market volume began to contract, falling to 57 thousand tons by 2023. Adverse weather conditions in Europe, a key supply region, reduced olive oil production, leading to higher global prices and significantly constraining imports into Brazil. Concurrently, a high rate of adulteration in imported olive oils undermined consumer confidence and contributed to the sharp decline in import volumes. By 2023, continued climatic challenges in Europe further limited the availability of imported oil, sustaining pressure on the overall market size.

Production virgin olive oil and fractions in Americas

In kind, 2017-2020, t

Top producers of virgin olive oil and fractions, 2017-2020

World map of production of virgin olive oil and fractions, 2017-2020

Virgin olive oil and fractions production in the Americas has increased for the second year in a row. In 2020, the region produced 71 165 tons, showing a modest 2.0% rise from 2019. However, looking at the broader period from 2017 to 2020, production actually fell by 16.7%, with an average annual decline of 5.9%. The lowest production level was in 2018 at 68 994 tons, which also saw the steepest drop of 19.2%.

Annual dynamics of production in Americas in kind, 2017-2020, t

In value, 2017-2020, M $ US

The value of virgin olive oil and fractions production in the Americas has declined for the second consecutive year. In 2020, output was valued at 608 million US dollars, marking a significant 25.9% decrease from the previous year. Over the 2017-2020 period, production value dropped by 46.3%, translating to an average annual decline of 18.7%. The peak value was recorded in 2018 at 1 149 million US dollars, which also saw the largest increase of 1.4%. The sharpest decline occurred in 2019 with a 28.6% drop.

Annual dynamics of production in Americas in value, 2017-2020, M $ US

Exports virgin olive oil and fractions from Americas

Exports in kind, K t

Export volumes of virgin olive oil and fractions from the Americas show irregular fluctuations, reflecting a volatile market. In 2020, exports stood at 15.0 thousand tons, which is 38.0% lower than in 2019. The lowest volume was recorded in 2018 at 9.2 thousand tons, while the highest was in 2019 at 24.3 thousand tons, creating a peak-to-trough ratio of 2.6 times. The largest decline occurred in 2018 with a 45.5% drop, and the biggest increase was in 2019 with a 162.4% surge.

Annual dynamics of product's exports from Americas in kind, 2017-2020, K t

From 2017 to 2020, the main buyers of virgin olive oil and fractions from the Americas were Spain, accounting for 26.4% of exports in kind, China with 1.1%, and Italy with 1.0%. Together, these three countries represented 28.5% of total exports in kind.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Americas in kind, 2017-2020

Exports in value, M $ US

Virgin olive oil and fractions exports from the Americas have declined for the third consecutive year. In 2020, exports were valued at 121.1 million US dollars, a 4.7% decrease from the previous year. Over the 2017-2020 period, export value fell by 43.3%, with an average annual decline of 17.2%.

Annual dynamics of product's exports from Americas in value, 2017-2020, M $ US

Between 2017 and 2020, the principal buyers of virgin olive oil and fractions from the Americas in value terms were Spain, representing 19.5% of exports, Portugal with 1.0%, and China with 1.0%. Collectively, these three countries accounted for 21.4% of total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Americas in value, 2017-2020

Imports virgin olive oil and fractions to Americas

Imports in kind, K t

Virgin olive oil and fractions imports into the Americas have increased for the third year in a row. In 2020, import volume reached 168.1 thousand tons, up 14.2% from the previous year. Over the 2017-2020 period, imports grew by 118.5%, with an average annual increase of 29.8%.

Annual dynamics of product's imports to Americas in kind, 2017-2020, K t

From 2017 to 2020, the leading suppliers of virgin olive oil and fractions to the Americas were Portugal, accounting for 33.1% of imports in kind, Spain with 29.9%, and Italy with 16.2%. Together, these three countries made up 79.2% of total imports in kind.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Americas in kind, 2017-2020

Imports in value, M $ US

In 2020, the value of virgin olive oil and fractions imports into the Americas reached 678.2 million US dollars, a 6.1% increase from 2019. Over the 2017-2020 period, import value rose by 16.4%, with an average annual growth of 5.2%. The highest value was recorded in 2018 at 733.9 million US dollars, which also saw the largest increase of 26.0%. The most significant decline occurred in 2019 with a 12.9% drop.

Annual dynamics of product's imports to Americas in value, 2017-2020, M $ US

Between 2017 and 2020, the largest suppliers of virgin olive oil and fractions to the Americas in value terms were Portugal, representing 33.2% of imports, Spain with 28.9%, and Italy with 17.8%. Together, these three countries accounted for 79.9% of total import value.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Americas in value, 2017-2020