Global olive oil markets see growth in China, Brazil, and Australia

Global olive oil markets are experiencing shifts in demand and consumption patterns. Data from the International Olive Council (IOC) shows that between October 2025 and March 2026, imports in several major markets rose by 4.3% compared to the previous period. China and Brazil have emerged as significant drivers of this growth. Chinese imports increased by 61.2%, rising from 11,820 tonnes to 19,051 tonnes, while Brazil saw a 40.5% increase, with purchases growing from 31,580 to 44,365 tonnes.

In Australia, household penetration of olive oil has recovered by approximately three percentage points, reaching 63.5% in the twelve months leading up to May 2026. Consumption per household is also rebounding, approaching 2.9 liters. This recovery follows the 'The Drizzle Effect' promotional campaign, a collaboration between the Australian Olive Oil Association (AOOA) and the Interprofesional del Aceite de Oliva Español. The Australian market recovery has particularly benefited Spanish exports, which grew by nearly 7% to reach approximately 12,000 tonnes by April.