The country where the highest price is paid for Spanish olive oil

In recent weeks, The price of oil was a subject of discussion not only in many media outlets, but also on the street, among ordinary citizens. The Spanish government has implemented a measure reduce VAT on oil to 0% by the end of Septemberwhen it will be set at 2% and will last until the end of the year. From there, the VAT of this product will rise to 4% and stay there. This has led to a fall in the price of extra virgin olive oil (EVOO) not only in Spain but also in Spain. also in countries importing this product.

They are sent every month. 50,000 tons of Spanish olive oil to more than 150 countries. Europagesthe leading B2B platform for business contacts in Europe, registered up to one million annual searches for Spanish EVOO exports, The main stakeholders are countries such as Italy, Great Britain, Portugal, France…

The same platform conducted study and analysis various elements relative to oil, from price this in various European supermarkets, so far global demand product. To do this, they compared prices in online supermarkets to 13 countries. The most curious fact: the country where you can find the most expensive EVOO is in Hungarywhere does the Auchan supermarket sell it at the address 18.99 euros per liter. The second country on the list Romaniawhere does Carrefour offer butter 13.85 euros liter.

Where is it cheaper?

The country where EVOO is sold the most cheapSurprisingly (or not), it is not Spain. The country that takes the gold medal in this sense is Irelandand with a big difference. He Aldi supermarket the so-called Emerald Island sells a liter of oil at 5.49 euroalmost half the price of Spain, which is currently in Mercadona: 8.95 euros per liter.

One of the curious things that stands out most when looking at the price chart is that despite the fact that extra virgin olive oil (EVOO) is an imported product and the high cost of living, In countries like Belgium and the UK, the price per litre is almost the same as in Spain.country of origin of the goods (about 9 euros).

V Netherlands and France, the price will rise a little to 9.49 and 9.72 euros respectively. From there, between Italy and Romania, Prices remain between almost 10 and 13 euros per litre.until it reaches the aforementioned Hungary, where it is sold at more than three times the price in Ireland.

It should also be taken into account that the difference in prices for extra virgin olive oil (EVOO) in the same supermarket chains exist. In Belgium, Bellasan oil costs 8.99 euros per litre, while in Luxembourg the same product reaches 11.32 euros. Another example can be found in Aldi Solesta EVOO, which, although we have already seen how much it sells for in Ireland, In the neighbouring country, the UK, it sells for €9.04 per litre.

Leaving aside a few European countries whose market may not be so different from the Spanish one, we can go to other countries outside the old continent. In these, La Española EVOO brand It’s quite popular. In Japanprice 8.99 euros per liter, in Mexico It is sold for 11.30 euros, while in Poland its price is significantly higher, reaching 14.80 euros per liter.

How is the EVOO export market doing?

Olive oil exports play a key role in Spain’s agri-food sector, occupying fourth place in importanceonly behind meat, fruits and vegetables. According to the Ministry of Agriculture, Olive oil accounts for 65% of the industry’s exports.with 50,000 tons shipped every month to more than 150 countries.

The main directions are the following (measured in tons):

· Italy (92,000), where from October 2023 to January of this year there was an increase of 2%.

· USA (44,000)

· Portugal (42,000)

· France (25,000)

· Great Britain (15,000), where the growth is 37%

· Japan (12,000), where there was a decrease of more than half, 52%

· China (11,000), down 69%

· Australia. (7000), in this case it decreases by 51%

· Brazil (6000)

· South Korea (4000)

· Russia (2000)

Europages receives about millions of searches annually on international trade issues From olive oil. France leads with 72,261 searchesfollowed by Italy (29 705), Portugal (14 019), Great Britain (12,973) and Germany (12.234).

On the international levelThe United States is the country with the greatest interest outside EuropeWith 3594 searches last year and then Brazil (1446), Mexico (1420) and Argentina (1,338).

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