Greek olive oil poised for growth in booming Australian market

·

Australia is a rapidly growing olive oil market with limited domestic production and high consumer demand. A recent market study by the Economic and Commercial Affairs Office of the Greek Consulate in Sydney highlights strong opportunities for branded Greek olive oil, particularly due to the large Greek diaspora and the high regard for the Mediterranean diet, olivenews.com, has reported.

Domestic production has reached 20–25 thousand tons annually, mainly in Victoria, South Australia, and Western Australia. These regions focus on high-quality extra virgin olive oil, much of which is exported. In 2023, the market value reached AUD 475 million and is expected to grow by 5.2% annually through 2028.

Olive oil is seen as a healthy option and is found in two-thirds of Australian households. Consumer profiles range from gourmet home cooks and tradition-driven users to health-conscious and environmentally aware buyers. Prices vary from AUD 9 to 16 for 500 ml bottles, with strong demand for extra virgin olive oil.

The EU supplies over 95% of Australia’s imports, led by Spain, followed by Italy and Greece. While Greek olive oil has a smaller market share, its reputation remains strong. Distribution is supported by specialised importers, Greek restaurants, and delicatessens, particularly in cities with large Greek communities like Melbourne and Sydney.

Greek products such as olive oil, olives, and wine maintain a steady presence, with growing recognition and demand fueled by the positive image of Greek and Mediterranean cuisine. Import duties on olive oil are zero, making the market even more accessible.

You can find the full market research here.

Source: olivenews.gr

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

‘I will never forget you’: Emotional farewell for Greek Consul General in Sydney

An emotional Greek Consul General Yannis Mallikourtis delivered his farewell speech on Monday evening at Business Sydney’s Event Centre.

Adelaide’s St Sophrony Parish raises funds for hall construction

The newly established St Sophrony of Essex parish in Hectorville, Adelaide, held its first official fundraising dinner on Sunday, June 29.

From homelessness to homeowner: Kostas Papadimitropoulos shares his inspirational story

Melbourne man Kostas Papadimitropoulos has turned his life around after being scammed out of his life savings and forced to live in his car.

Sydney Dance Company shines at Athens Epidaurus Festival with ‘Impermanence’

The Sydney Dance Company captivated a crowd of 5,000 at the Odeon of Herodes Atticus last week, performing 'Impermanence.'

Former ATO worker Paraskevi Vula Danassis convicted in $2 billion GST scam

Former Australian Taxation Office employee Paraskevi Vula Danassis has been convicted over her role in a $2 billion GST fraud scheme.

You May Also Like

New ATP Cup schedule sees Greece face off against Team Spain on Friday morning

The ATP Cup will resume on Friday with three group stage ties at Melbourne Park, with Team Greece facing Team Spain at 10am in the Melbourne Arena.

SA tomato farmer Peter Petsios demands answers after biosecurity backflip

Peter Petsios is calling for an inquiry and threatening legal action after the federal government abandoned efforts to eradicate ToBRFV.

New Sydney CBD metro station to acknowledge Gadigal people

The NSW Government has announced Gadigal Railway Station as the name for the future metro station at the southern end of the Sydney CBD.