This document provides an overview of the olive oil market and opportunities for bulk transportation. It summarizes key facts on production, consumption, exports, and quality grades. Spain, Italy and Greece are the largest producers, while the US is becoming a major consumer. Emerging markets like China and Russia show the highest growth. Bulk shipments are increasing in the US. Flexitanks provide a more cost-effective and environmentally friendly method for bulk olive oil logistics compared to drums. The document recommends BEFLEXI as a one-stop shop that can provide logistics services, testing, and access to new markets.

1. BEFLEXI in co-operation with SGS
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Olive Oil Market: Overview

2. 2
Facts & Figures
Country Analysis
Bulk Olive Oil transportation
Summary
Content*
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The content of this presentations contains commercial secrets as well as BeFlexi’s innovative vision. All rights have been reserved

3. BEFLEXI in co-operation with SGS
Olive Oil
is a fat obtained from the olive, a traditional tree crop of
the Mediterranean Basin
Industries
The oil is produced by pressing whole olives and is
commonly used in
 cooking
 cosmetics
 pharmaceuticals
Market figures
3 mln tones production in 2015
3% average YoY growth over past 10 years
MoreSpecific

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Production Process
OLIVES
Milling heatingno heat CentrifugationPressing
Refining
Extra-virgin
olive oil
Virgin
olive oil
Olive
pomace oil
Refined
olive oil
Mechanical extraction Chemical purification
mechanically
extracted letover oil

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Quality Grades
Refined
olive oil
Extra-virgin
olive oil
Virgin
olive oil
Olive
pomace oil
Cloudy, green hue,
strong flavour
Clear, green/yellow,
light flavour
Clear, light
green/yellow
Clear, yellow, light
flavour

6. BEFLEXI in co-operation with SGS
MoreFactsMoreFigures
Key facts
The most expensive extra virgin olive oil costs up to 600 euros per 100 kg, average price for refined olive
oil is 300 euros, for pomace oil 175 euros
Producer prices vary according to supply and demand
Prices are volatile and depend on harvest volume
Movements in producer prices for extra virgin oil, 2009-2015

7. BEFLEXI in co-operation with SGS
MoreFacts
Key facts
Spain, Italy, Greece are historically among market leaders in terms of production. Tunisia increases it’s
share as well. On average largest manufacturers consume from 60% to 82% of the produced volume.
MoreFigures
0
500
1000
1500
2000
2500
3000
Production by country, 2000-2015, 1000 MT
Spain Tunisia Greece Italy Turkey

8. BEFLEXI in co-operation with SGS
Key facts
Spain and Italy can be regarded as stable exporters of olive oil within 2000-2015 period
Tunisia strengthened it’s position in 2015 with 400% export growth comparing with 2014
MoreFigures MoreFacts
0
100
200
300
400
500
600
700
800
Export dynamics by country, 1000 MT
Tunisia Spain Italy Turkey Syria

9. BEFLEXI in co-operation with SGS
581
490
308
171
150124120
308
1212
Consumption share of the global market,
2015, 1000 MT
Spain Italy Greece Syria Turkey
Tunisia Morocco USA Others
Key facts
Top-7 countries produced 86% of the global volume in 2015. The market is still highly concentrated
Top-7 countries consumed 65% of the global volume in 2015. It is noticeable that the US turned out to be
the 3rd largest consumer of olive oils.
MoreFigures MoreFacts
841.2
340300
222
170
486
Production share of the global market,
2015, 1000 MT
Spain Tunisia Greece Italy Turkey Others

10. BEFLEXI in co-operation with SGS
More SpainCountry Analysis
64.93
35.07
11
2.92.5 21.7
Exports from Spain, by country, 2015, %
EU Others United States Japan China Australia Brazil
Key facts
 1st Place in production in 2015: 841 KT
 2nd Place in consumption in 2015: 490 KT
 2nd Place in exports (EU trade is not included) in 2015: 225 KT
 64,93% of Spain olive oil goes to the EU (Italy mainly)
 The US is the 2nd largest importer of Spanish olive oils
* Export and import without intra-community trade
0
500
1000
1500
2000
Main macro trends*
Production Consumption Import Export

11. BEFLEXI in co-operation with SGS
More ProcessingCountry Analysis
Geography
 45% of olive oil processing facilities are
located in Andalusia, accounting for 77% of
production
 18% of olive oil processing facilities are
located in Jaen province, Andalusia,
accounting for 32% of production
 This area is located in 200 KM from Malaga,
460 KM from Valencia, 800 KM from Barcelona
Concentration
 The most common size for oil mil is 20-100
MT/month, account for 23.3% of domestic
production
 1000-2500 MT/month account for 34.05% of
national production
 There are 1519 packing plants associated
with oil mills
 Spain has 22 refineries
Pomace oil
 6260 working plants for pomace production
 56000 of crude oil pomace is produced each
year

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Key facts
 4th Place in production in 2015: 222 KT (bad harvest)
 1st Place in consumption in 2015: 521 KT
 2nd Place in exports in 2015: 208 KT
 Italy consumes more than produces, but still it is the second largest exporter. It imports from Spain and
then distribute olive oil all over the world with prime focus on United States, EU, Japan and Canada
Exports from Italy, by country, 2015, %
Other United States Germany Japan
Canada France UK
* Export and import without intra-community trade
0
200
400
600
800
1000
Main macro trends*
Production Consumption Import Export

13. BEFLEXI in co-operation with SGS
More ProcessingCountry Analysis
Geography
 80% of oil production is concentrated in
southern Italy
Puglia - 250–300 KT per year
Calabria - 150 KT per year
Sicily - 50 KT per year
 Puglia, Calabria and Sicily account for more
than 60% of Italian olive production.
 Nearest container terminals:
Puglia – Bari
Calabria - Gioia Tauro
Sicily - Catania
Puglia
Calabria
Sicily

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Key facts
 The fastest growing manufacturer and exporter
 3rd Place in exports in 2015: 115 KT
 Olive oil exports represent 40% of the country’s agricultural exports and 10% of total exports.
 Unlike Mediterranean Basin countries, Tunisia consume little and export a lot
 Tunisian olive oil is also exported to over 60 markets around the world including the US, Canada,
France, Russia, China and a few Arab countries under as many as 80 different brand names.
* Export and import without intra-community trade
Exports from Spain, by country, 2015, %
EU United States France Spain
Canada China Other
0
50
100
150
200
250
300
350
400
Main macro trends*
Production Consumption Export

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More OpportunitiesDemand Analysis
Key facts
 European market is saturated – from 2006 to 2015 it shows at average -2% of annual growth
 The most prospective markets are represented emerging countries with the highest consumption
growth rates
China demonstrates the highest average annual growth - 16%
Japan demonstrates the second highest average annual growth - 10%
Russia demonstrates the third highest average annual growth from - 7%
0
20
40
60
80
100
120
140
2006/07 2007/08 2008/09 2009/10 2010/11 2011/12 2012/13 2013/14 2014/15
Export dynamics by country, 1000 MT
China Japan Russia

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More OpportunitiesBulk Olive Oil transportation
Key facts
 USA import figures show a strong tendency to bulk olive oil transportation
 Bulk containers increasing their share of total import volume from 13 to 41.4% for the last 10 years,
which is an indicator that bottling has expanded significantly in the US
 Italy leads the packaged market while Spain dominates the bulk market

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More Quality
Quality grades
 Extra-virgin olive oil
 Virgin olive oil
 Olive pomace oil
 Refined olive oil
Chemical parameters
 Acidity (free oleic acid level)
 Oxidation (organic peroxide level)
Transportation
 Favourable travel temperature15- 20°C
 Solidification temperature 0/-9°C
 Pumping temperature 20°C

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Normal temperature for transportation is 15°C
Under normal transport conditions, olive oil is liquid
and therefore need not be heated. However, if
temperatures should arise during the voyage which
are in the solidification range, the oil has to be
heated to prevent losses in quality.
Prevent from rancidity
light, atmospheric oxygen and moisture lead to
changes in odour and taste
Fill the package fully
Take into consideration the coefficient of cubic
expansion, so that as little ullage space as possible
is left above the cargo
Properly cleaned package
Do not accept for loading olive oil contaminated by
ferrous and rust particles or by seawater
Transportation Rules

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MoreEfficient
Flexitanks are cost-effective and eco-friendly alternative for bulk olive oil logistics
 Standard (ECO) flexitank protects olive oil from oxidation and quality loss
 EVOH layer (optional) is applicable for expensive products as it’s better than other plastics at
keeping air out and flavours in, is highly transparent, weather resistant, oil and solvent resistant
 Flexitanks vs Drum shipment 50% more cost-effective
 Flexitank fitting is performed by the most technically sophisticated SGS installation team – it
prevents cargo from contamination and leakage
 Recyclable - minimize negative environmental impact
BeFlexi
solution

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MoreStreamlined
BeFlexi acts as one stop shop for logistics services
 Easy access to SGS testing services
 Trade route diversification
 Easy trading on any Incoterms basis – EXW / FOB / CFR / DDU
 New markets approach - fast quotation to any destination
 Safe & secured shipments for emerging regions

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More Information
International Olive Council - intergovernmental organisation. Contains
everything about olive oil industry - statistics data, forum for authoritative
discussion, product specifications, list of importers/exporters
http://www.internationaloliveoil.org/
Olive oil community, includes news, forums, marketplace, >200K visitors
http://www.oliveoiltimes.com/
The biggest olive marketplace, >10K visitors
http://www.oliveoilmarket.eu/
Annual conference in the USA, second year
http://www.oliveoilconference.com/

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MoreMarket
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MoreReliability
MoreConfidence
In summary …

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Thank you for your attention

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