Reliable data on Australian production and consumption is difficult to obtain. The International Olive Council (IOC) publishes international tables on production, consumption, exports and imports. Analysis of this data alongside that provided by the Australian Olive Association and Australia’s largest producer, Boundary Bend Limited, suggests that the IOC figures overstate Australian consumption of olive oil by up to 30% in some years.
The Australian data in Table 1 extrapolated from the Boundary Bend 2013 Annual Report. The analysis shows that the IOC overstates Australian production with the result that Australian consumption is lower than generally stated by the IOC.
The Australian Olive Association in its industry snapshot for 2012 states ‘Australian apparent consumption of olive oil for the period 2005 to 2012 increased by 16% to 51,7108 tonnes’, clearly a gross overstatement by approximately 37%.