MENA: Olive Market 2024

Olive Market Size in MENA

The MENA's olive market expanded notably to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Olive Production in MENA

In value terms, olive production stood at $X in 2022 estimated in export price. The total production indicated moderate growth 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. Based on 2022 figures, production decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were Turkey (X tons), Morocco (X tons) and Tunisia (X tons), together accounting for X% of total production. Egypt, Algeria, Syrian Arab Republic, Saudi Arabia and Libya lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Algeria (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average olive yield rose significantly to X tons per ha in 2022, with an increase of X% compared with the previous year's figure. The yield figure increased at an average annual rate of X% 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 2015 with an increase of X%. Over the period under review, the olive yield reached the peak level at X tons per ha in 2018; however, from 2019 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The olive harvested area reduced slightly to X ha in 2022, remaining constant against the previous year's figure. In general, the harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to olive production reached the peak figure at X ha in 2016; however, from 2017 to 2022, the harvested area remained at a lower figure.

Olive Exports

Exports in MENA

In 2022, shipments abroad of olives decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports saw a deep setback. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, olive exports reduced markedly to $X in 2022. Over the period under review, exports, however, recorded slight growth. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Jordan (X tons) and Syrian Arab Republic (X tons) represented the main exporters of olives in 2022, resulting at approx. X% and X% of total exports, respectively. It was distantly followed by Turkey (X tons), generating a X% share of total exports. The following exporters - Egypt (X tons), the United Arab Emirates (X tons) and Lebanon (X tons) - together made up X% of total exports.

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

In value terms, Jordan ($X) remains the largest olive supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Syrian Arab Republic ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Jordan stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Syrian Arab Republic (X% per year) and Turkey (X% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, waning by X% against the previous year. Export price indicated a remarkable increase from 2012 to 2022: its price 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 growth pace was the most rapid in 2013 when the export price increased by X%. The level of export peaked at $X per ton in 2021, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Syrian Arab Republic ($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 mixed trends in the export price figures.

Olive Imports

Imports in MENA

Olive imports dropped markedly to X tons in 2022, which is down by X% against the year before. Overall, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, olive imports dropped notably to $X in 2022. Over the period under review, imports continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Israel was the major importer of olives in MENA, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. Lebanon (X tons) took the second position in the ranking, distantly followed by the United Arab Emirates (X tons) and Oman (X tons). All these countries together held approx. X% share of total imports. The following importers - Kuwait (X tons), Bahrain (X tons) and Iraq (X tons) - together made up X% of total imports.

Israel experienced a relatively flat trend pattern with regard to volume of imports of olives. At the same time, Iraq (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. By contrast, the United Arab Emirates (X%), Oman (X%), Bahrain (X%) and Lebanon (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Israel, Bahrain, Iraq, Kuwait and the United Arab Emirates increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X) constitutes the largest market for imported olives in MENA, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Oman, with a X% share.

In Israel, olive imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Oman (X% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, reducing by X% against the previous year. Import price indicated a modest increase from 2012 to 2022: its price 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, olive import price increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2021, and then contracted modestly in the following year.

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

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

Source: IndexBox Platform

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