In addition to the quality of the olive oil produced in Portugal being recognised nationally and internationally, there are also a growing number of communication campaigns looking to inform consumers about the health benefits of consuming healthy fats such as olive oil. It is therefore expected that consumption will continue to grow over the forecast period.
With Russia’s war in Ukraine showing no signs of stopping at the time of writing, the production and supply of corn oil and sunflower oil is not guaranteed, with Ukraine being the main supplier of vegetable oils to Portugal. This is also why prices soared during 2022 and why more consumers are likely to shift to olive oil.
Sunflower oil is not considered an essential product for many Portuguese consumers, who are generally happy to switch to alternative options. Despite this, following Russia’s invasion of Ukraine some retailers introduced a cap on purchases of sunflower oil due to supply shortages and to prevent consumers stockpiling supplies.
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This is the aggregation of olive oil and vegetable and seed oil (which comprises of corn oil, palm oil, rapeseed oil, soy oil, sunflower oil, and other edible oil). Please note blended oil that contain over 50% of one type of oil are categorised in that category, e.g. blended oil with 60% soy oil is categorised in soy oil; whereas blended oils with less than 50% of a specific type of oil are categorised in other edible oil. Includes: Pre-packaged edible oils products purchased by consumers through legally established retail channels. Excludes: Unpackaged/bulk oils, i.e. instances where consumers bring an empty container or plastic bag to be (re)filled with cooking oil. Example: Minyak curah in Indonesia.See All of Our Definitions
This report originates from Passport, our Edible Oils research and analysis database.
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