Asia: Preserved Olive Market 2024

Preserved Olive Market Size in Asia

The Asian preserved olive market surged to $X in 2022, growing by X% against the previous year. In general, consumption posted a resilient increase. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Preserved Olive Production in Asia

In value terms, preserved olive production shrank to $X in 2022 estimated in export price. Over the period under review, production posted buoyant growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Preserved Olive Exports

Exports in Asia

In 2022, approx. X tons of olives prepared or preserved were exported in Asia; picking up by X% on 2021 figures. Total exports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, preserved olive exports rose significantly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of X%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

Turkey prevails in exports structure, resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by Syrian Arab Republic (X tons), creating a X% share of total exports. Armenia (X tons), Jordan (X tons) and the United Arab Emirates (X tons) took a minor share of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%), Armenia (X%) and Syrian Arab Republic (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Jordan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Armenia and the United Arab Emirates increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest preserved olive supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Armenia ($X), with a X% share of total exports. It was followed by Jordan, with a X% share.

In Turkey, preserved olive exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Armenia (X% per year) and Jordan (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the export price increased by X%. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Armenia ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (X%), while the other leaders experienced more modest paces of growth.

Preserved Olive Imports

Imports in Asia

After three years of growth, overseas purchases of olives prepared or preserved decreased by X% to X tons in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by X%. The volume of import peaked at X tons in 2021, and then fell in the following year.

In value terms, preserved olive imports shrank to $X in 2022. Total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Iraq (X tons), distantly followed by the United Arab Emirates (X tons), Israel (X tons), Kuwait (X tons) and South Korea (X tons) represented the largest importers of olives prepared or preserved, together constituting X% of total imports. Armenia (X tons), India (X tons), Japan (X tons), Yemen (X tons), Kazakhstan (X tons), Oman (X tons), Qatar (X tons) and Lebanon (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved olive importing markets in Asia were Iraq ($X), Kuwait ($X) and Israel ($X), together accounting for X% of total imports. The United Arab Emirates, South Korea, Japan, Armenia, India, Kazakhstan, Yemen, Qatar, Oman and Lebanon lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, with an increase of X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2013; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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