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| Year | Export value, in thousand GBP |
|---|---|
| 2022 | 7,151 |
| 2021 | 6,027 |
| 2020 | 8,159 |
| 2019 | 7,837 |
| 2018 | 8,560 |
| 2017 | 8,547 |
| 2016 | 8,062 |
| 2015 | 7,563 |
| 2014 | 7,296 |
| 2013 | 8,260 |
| 2012 | 9,076 |
| 2011 | 11,104 |
| 2010 | 5,666 |
| 2009 | 5,006 |
| 2008 | 5,864 |
| 2007 | 6,774 |
| 2006 | 8,083 |
| 2005 | 7,896 |
| 2004 | 8,930 |
| 2003 | 9,969 |
- Region: United Kingdom
- Time period: 2003 to 2022
- Published: Oct 2023
Data Analysis and Insights
Peak and Trough in Export Value
The peak export value of olive oil from the UK was recorded in 2011 at £11,104,000, while the lowest was in 2009 at £5,006,000. This indicates a significant fluctuation in export value over the years, with the highest value being more than double the lowest.Recent Decline in Export Value
From 2018 to 2022, there has been a noticeable decline in the export value of olive oil, dropping from £8,560,000 in 2018 to £7,151,000 in 2022. This trend suggests a recent downturn in the UK's olive oil export market.A Decade of Variation
The decade from 2013 to 2022 showcased notable variability in the export value of olive oil, with figures oscillating between £5,006,000 and £9,076,000. Such fluctuations reflect the volatile nature of the olive oil export market in the UK.Export Value Recovery after 2010
After a significant drop in 2010 to £5,666,000, the export value of olive oil saw a remarkable recovery in 2011, jumping to £11,104,000. This rapid rebound illustrates the market's resilience and ability to recover from downturns.Stability before the Recent Decline
Before the recent decline observed from 2018 onwards, the UK's olive oil export value remained relatively stable above £7,500,000 from 2015 to 2017. This period of stability indicates a once robust demand for UK-exported olive oil.Long-term Growth from 2003 to 2011
From 2003 to 2011, the UK's olive oil export value experienced a long-term growth trend, starting from £9,969,000 and peaking at £11,104,000. This growth period underscores the expanding market reach of UK olive oil exports during these years.Frequently Asked Questions
When was the peak and trough export value of olive oil from the UK recorded?
The peak export value of olive oil from the UK was recorded in 2011 at £11,104,000, and the lowest was in 2009 at £5,006,000.
Terms and Definitions
Olive oil is a liquid fat or oil that is extracted from olives, typically those of the Olea europaea, which is native to the Mediterranean region. It is commonly used in cooking, baking, for salad dressings, and in food preservation. Olive oil is also used in cosmetics, pharmaceuticals, and soaps, and as a fuel for traditional oil lamps.
Export refers to the selling and shipment of goods or services from a home country to a foreign country. Exports may be of any good or commodity, traded in an international market.
A commodity is a basic good used in commerce. Commodities are interchangeable with other goods of the same type; they are most often used as inputs in the production of other goods or services.
A supply chain encompasses all the activities involved in the production and delivery of products, from the initial sourcing of materials to the final delivery of the product to end-users. It involves a network of manufacturers, vendors, distributors, and customers.
An export market is the sector in which goods or services produced in one country are sent to another country for future sale or trade. The export market forms a significant part of a nation’s overall economy.
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