The hitherto premium olive oil price in Spain has lately fallen from the heights of $6 €(5.72) per liter in May 2023. This has enabled supermarkets to be generous by offering gross discounts, even for expensive brands.

A normally premium Coosur-branded bottle of olive oil now costs €5.49 ($5.76) per liter or 38% less at Aldi.

This is quite a bargain because the oil comes from an exotic brand, which processes its products from local Andalusian olives. 

Although it is competition strategy, the discount nevertheless mirrors the retail situation across Spain, where “cheap” is the word in the street. 

Spain’s Production 61% Up 

With Spain’s production back in the picture after a spate of back-to-back droughts, longterm price spikes could cool drastically.

According to a February 2025 Ministry of Agriculture’s statement, Spain will process 1.38 million tonnes of olive oil in the 2024-25 campaign. This will be a yearly appreciation by 61.5% from the 2023-24’s output.

Annual local consumption of the healthy oil will also increase by 85,000 tonnes to 495,000 tonnes due to affordability and accessibility. 

Improving accessibility of olive oil will also help traders realize some 990,000 tonnes in exports, 33.3% above 2023-24’s. 

World Production Revamps 

The growth rate of Spain’s mostly Europe-bound supply equals the world production growth at 32%, per the International Olive Council (IOC)’s data. 

IOC further asserts that the world production forecast of 3.276 million tonnes in the 2024-25 season will ameliorate prices.

EU’s Wholesale Olive Oil Price

A major market beneficiary of the affordability is the EU, whose prices mirror those in Spain. Notably, the historical price curve for member state, Spain, is down through early 2025. 

While week 2 of January brought €225.15 ($236.45) per 100 kg, the final week of February registered a mere €141.85 ($148.97).

This price accessibility at origin country could help meet upshot demand for olive oil due to nutrient-savvy extraction processes. Consumers are increasingly after oils with extraction methods with nutrient maximization such as cold pressing. 

Ultimately, customers will no doubt enjoy previously premium offers such as virgin and extra-virgin variations. To learn more, skim the next statistics on a sample price curve of olive oil in Spain since 2022.  

Spain Olive Oil Price at Origin Statistics 

Dry weather took an economical toll on olive harvest in the Iberian Peninsula in recent years, which in turn affected olive oil pricing. Spain’s olive oil prices at origin cut a sharp curve from lows in the 2022-23 season to highs in the 2023-24 season. They began to decline only in the first weeks of 2025, per the 

below data from the European Commission:

2022/23: from a low of €187.87 ($197.30), the price did not go higher than €211.29 ($221.90) per 100 liters in the 2022-23 season. 

2023/24:  olive oil pricing in Spain hit highs of €301.69 ($316.83) per 100 liters in week 24 of the 2023-24 year. 

2024/25: for the first time in a long whole, the prices depreciated from €225.15 ($236.60) per 100 l to €141.85 ($148.97) in Jan-Feb 2025.

Here is the above at-origin data compressed into table form:

Market Year [Spain]	Price [€/100 l]-low	Price [€/100 l]-High
2022/23	187.87	211.29
2023/24	216.5	301.69
2024/25 [only Jan-Feb]	141.85	225.15