Spain is Doubling Olive Oil Production to 4 Million Tons by 2040
Spain, the world’s leading olive oil producer, has announced an ambitious plan to double its olive oil production to 4 million tons by 2040. This initiative was unveiled by the Minister of Agriculture, Fisheries, and Food, Luis Planas, during the inauguration of Expoliva 2025 in Jaén, a region recognized as the epicenter of global olive cultivation.
Current Landscape and Global Standing
Spain boasts 2.8 million hectares of olive groves, accounting for 24% of the world’s total. With an estimated production of 1.42 million tons, the country contributes to 40% of global olive oil output. Despite a decrease in export volumes compared to previous seasons, Spain achieved a historic revenue exceeding 6 billion euros, underscoring the high value and demand for its olive oil.
Strategic Pillars for Growth
To achieve the 2040 target, the Spanish government has outlined a multifaceted strategy:
- Enhancing Production: Investing in modern agricultural techniques and expanding olive cultivation areas.
- Market Expansion: Strengthening presence in existing markets like the United States and exploring new opportunities in regions such as Mercosur, Japan, Korea, Canada, and the UK.
- Fair Pricing: Ensuring equitable prices for farmers and producers, recognizing them as vital contributors to the industry.
- Quality Emphasis: Maintaining a focus on the superior quality of Spanish olive oil, which is considered the nation’s most significant asset in this sector.
Global Implications
This initiative positions Spain to reinforce its leadership in the global olive oil market. By prioritizing quality and fair trade practices, the country aims to set a benchmark for other producers worldwide. The expansion into new markets also indicates a proactive approach to meeting the growing global demand for high-quality olive oil.
Conclusion
Spain is Doubling Olive Oil Production by 2040 is a testament to its commitment to the agricultural sector and its recognition of olive oil as a cultural and economic cornerstone. With strategic investments and a focus on quality and fairness, Spain is poised to shape the future of the global olive oil industry.