The global olive oil market is entering a phase of relative stability after years of volatility, though it remains influenced by climate change and broader economic conditions. According to the International Olive Council (April 2026), demand is strengthening despite a slight dip in production.
During October 2025 to January 2026, imports in key markets rose by 9.2% compared to the same period a year earlier. Most countries recorded growth, with the exception of Canada and the United States. Notably, Australia stands out as a dynamic market where Greece holds a strong supplier position, according to ot.gr
Australia’s olive oil imports reached 42,272 tons in the 2024/25 crop year, marking a sharp 46% increase year-on-year. In the first months of 2025/26, imports grew by a further 12.5%. Greece ranks among the leading global exporters-alongside Spain and Italy-and remains within the top five suppliers to Australia, together with Spain, Italy, Turkey, and Lebanon, which collectively account for over 97% of imports.
Among these, Greece recorded one of the strongest increases, with exports rising by 162.4%, while Turkey and Lebanon also posted significant gains. Spain and Italy saw more moderate growth.
In terms of product categories, virgin olive oil dominates with 72.9% of imports, followed by other olive oils (25.5%) and pomace oil (1.6%).
Producer prices for extra virgin olive oil show mixed trends: increases in Spain and Greece, but a notable decline in Italy.
Source: ot.gr
