Introduction – Canada’s Olive Oil Market by the Numbers
Let’s be real: when most folks think of olive oil production, Canada doesn’t exactly top the list. And for good reason—Canada’s chilly climate isn’t ideal for olive trees. That means when you see olive oil on Canadian shelves, it’s almost always imported.
In fact, Canada imported about 12,142 tons of olive oil from Italy alone in the first 11 months of 2024, valued at a whopping €98.3 million. That’s nearly a 30% jump from the previous year—proof that Canadians are leaning into quality and taste, especially when it comes to extra virgin olive oil.
And even though Canada isn’t a producer, it still plays a small part in the global olive oil game through re-exports. In 2023, Canada exported over 163,000 kg (mostly to the U.S.), worth close to $1.12 million. Not massive, but it shows there’s movement.
What’s more interesting is the booming domestic market, which generated USD 156.7 million in 2023 and is projected to grow to USD 244 million by 2030 at a 6.5% CAGR. That growth is fueled by two things: the health-conscious wave and the Mediterranean diet craze.
So, if you’re a buyer, distributor, or culinary brand, knowing who the top-performing suppliers are—and how the market behaves—is critical. And that’s where platforms like Freshdi come in, offering verified supplier directories, RFQ trends, and real-time demand insights.
Deep Dive – Key Production, Export Statistics & Current Demand Data
If you’re hoping to find acres of olive groves in Ontario or British Columbia, you’ll be disappointed. Canada’s domestic production of olive oil is virtually zero, and exports are forecasted to remain at 0 metric tons through 2028.
But what Canada lacks in production, it makes up for in import muscle. In 2024, Canada imported:
- 50.23 thousand tons of olive oil
- Valued at USD 435.46 million
- Average price per ton: USD 8,670
That’s a significant jump from 2023, both in value and volume. And the demand? It’s real and growing. Freshdi’s RFQ trends show a steady increase in B2B olive oil inquiries, especially in the premium and organic segments.
Top Importing Countries to Canada (2024)
- Spain – 29.8% share
- Italy – 27.2%
- Tunisia – 27.0%
- Greece – 5.2%
- Türkiye – 3.5%
Canada also consumes around 48,000 metric tons of olive oil annually. That’s about 1.5 liters per person, and while it’s far from Greece’s 24 liters per capita, it’s climbing each year.
Top 3 Verified Olive Oil Suppliers in Canada – Top Tier Based on Export Data
So who are the heavy hitters in Canada’s olive oil import scene? Based on export performance, market feedback, and Freshdi supplier verification, here are the Top 3 Olive Oil Suppliers in Canada in Q3 2025:
1. BMD Materials – Extra Virgin Olive Oil (EATOvu)
- Specializes in premium-grade Spanish-origin EVOO
- HACCP and ISO certified
- Strong retail and foodservice presence across Ontario and Québec
- Known for consistent supply chain efficiency and flavor profile consistency
2. Rene Sadi – Natural Olive Oil
- Offers high-quality natural and virgin olive oils
- Focused on Mediterranean imports, particularly from Tunisia and Greece
- Rated highly for transparency and traceability on Freshdi
- Serves both large wholesalers and boutique grocery chains
3. BMD Materials – Spain-Origin Extra Virgin Olive Oil Wholesale
- Another top-tier product line under BMD Materials
- Bulk wholesale for food manufacturers and hospitality groups
- Competitive pricing with premium flavor and low acidity
- Regularly featured in Freshdi’s “Suppliers of the Month” rankings
Dynamic Ranking Note
Keep in mind—supplier rankings like these can shift quickly. Platforms like Freshdi publish dynamic rankings (like Supplier of the Quarter) based on recent activity, verified buyer feedback, and trade volume. These can serve as a great shortlisting tool for procurement teams seeking up-to-date performance insights.
Market Navigation – Statistical Trends, Value Dynamics & Export Dynamics
Let’s pull back the curtain on how the Canadian olive oil market is really behaving.
Export Trends
Canada’s olive oil exports dropped sharply in 2023—down 83.7% from the previous year. They fell from nearly 1,000 tons to just 165 tons, ending a brief upward streak. Most of what was exported went to:
- United States – 223.9 tons
- Taiwan – 44.5 tons
- China – 5.8 tons
So, while exports are still happening, they’re marginal and mostly re-exports.
Demand Trends
Domestic demand tells a different story. Imports from Italy rose 29.4% in 2024, touching €98.3 million (12,142 tons). The Canadian consumer is leaning into quality—and it shows. Think Mediterranean food, wellness recipes, and more gourmet at-home cooking habits post-pandemic.
Seasonal Price Fluctuations
Let’s talk money. Prices fell in early 2025 due to bumper harvests in Spain and Italy. The average import price per ton dropped 27.88%, from USD 8,670 (2024) to USD 6,130 (early 2025). But don’t expect it to stay that way forever. Weather or geopolitical disruptions could flip the script quickly.
Regional Price Benchmarks (June 2024):
- Spain (Jaén): €781/100kg – Up 18.6% YoY
- Italy (Bari): €950/100kg – Up 20.3% YoY
Using historical pricing data, buyers on platforms like Freshdi are timing their orders strategically—buying in bulk during dips and locking in contracts when prices are favorable.
Forecasts & Future Growth
The Canadian market is set to hit USD 244 million by 2030, growing at a 6.5% CAGR. This growth is driven by:
- Rising awareness of olive oil’s health benefits
- Increased adoption of Mediterranean and plant-based diets
- Demand for organic and extra virgin varieties
Conclusion – Leveraging Data for Strategic Sourcing
Let’s wrap this up. Canada may not cultivate olives, but it’s certainly cultivating a thriving olive oil market, thanks to savvy importing, rising culinary standards, and health consciousness. With imports valued at over USD 435 million in 2024, Canada’s role in the olive oil ecosystem is all about smart sourcing and distribution.
Choosing the right supplier isn’t just about who’s cheapest. It’s about:
- Verified performance
- Certifications
- Consistency in quality
- Data-backed reliability
This is where tools like Freshdi shine. By offering detailed supplier profiles, RFQ trends, trade insights, and dynamic rankings, Freshdi empowers buyers to make informed, confident sourcing decisions.
Key Takeaways
- Canada doesn’t produce olive oil—it imports it, mainly from Italy, Spain, and Tunisia.
- The market is booming, expected to hit USD 244 million by 2030.
- Top suppliers like BMD Materials and Rene Sadi are leading the charge.
- Prices are dynamic—timing matters.
- Freshdi helps connect the dots with real-time data and verified supplier insights.
Checklist for Olive Oil Buyers in Canada
✅ Use platforms like Freshdi to verify supplier credentials
✅ Watch for seasonal price dips
✅ Prioritize EVOO for health-conscious consumers
✅ Source from top-performing countries (Italy, Spain, Tunisia)
✅ Compare RFQ trends to align with current demand
Future Outlook
From 2025 onward, the Canadian olive oil market is set to evolve even further. Expect more variety, better labeling, and a stronger push toward organic and sustainable options. Technology and platforms like Freshdi will continue to play a key role in bridging the gap between suppliers and smart, data-driven buyers.
FAQs
1. Why doesn’t Canada produce its own olive oil?
Because of its cold climate, Canada isn’t suitable for olive cultivation. That’s why it relies on imports from Mediterranean countries.
2. Who are the biggest suppliers of olive oil to Canada?
In 2024, the top suppliers were Spain, Italy, and Tunisia, collectively accounting for over 80% of imports.
3. What type of olive oil is most in demand in Canada?
Extra virgin olive oil (EVOO) is increasingly popular due to its health benefits and rich flavor profile.
4. How can I find reliable olive oil suppliers in Canada?
Use platforms like Freshdi to access verified suppliers, market trends, and RFQ tools.
5. Is the price of olive oil stable in Canada?
Not always. Prices fluctuate based on global production, harvest quality, and demand—so staying informed is key.
References
- Grand View Research – Canada Olive Oil Market Outlook
- Newswire.ca – Italian Olive Oil Import Surge
- International Olive Oil Council
- WITS World Bank – Canada Export Data
- Certified Origins Market Report – May 2025
- Freshdi B2B Marketplace
- IndexBox – Olive Oil Price Trends
