MERCOSUR: Olive Market 2024

Olive Market Size in MERCOSUR

The MERCOSUR olive market rose modestly to $X in 2022, growing by X% against the previous year. In general, consumption showed a strong increase. The level of consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Olive Production in MERCOSUR

In value terms, olive production totaled $X in 2022 estimated in export price. Over the period under review, production showed prominent growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Argentina (X tons) constituted the country with the largest volume of olive production, comprising approx. X% of total volume. Moreover, olive production in Argentina exceeded the figures recorded by the second-largest producer, Peru (X tons), twofold. The third position in this ranking was taken by Chile (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Argentina was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Peru (X% per year) and Chile (X% per year).

In 2022, the average olive yield in MERCOSUR was estimated at X tons per ha, growing by X% against the year before. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 when the yield increased by X% against the previous year. Over the period under review, the olive yield hit record highs at X tons per ha in 2019; however, from 2020 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.

In 2022, the olive harvested area in MERCOSUR reduced slightly to X ha, dropping by X% against the year before. Overall, the harvested area, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2018 to 2022, the growth of the olive harvested area remained at a somewhat lower figure.

Olive Exports

Exports in MERCOSUR

Olive exports shrank significantly to X tons in 2022, reducing by X% against the previous year's figure. In general, exports recorded a deep slump. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, olive exports shrank dramatically to $X in 2022. Overall, exports faced a abrupt setback. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Peru prevails in exports structure, finishing at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Colombia (X tons), generating a X% share of total exports. Brazil (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to olive exports from Peru stood at X%. At the same time, Brazil (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. Peru (X p.p.), Colombia (X p.p.) and Brazil (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Peru ($X) remains the largest olive supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with a X% share of total exports.

In Peru, olive exports contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Colombia (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, rising by X% against the previous year. Export price indicated notable growth 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 export price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 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 Peru ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (X%), while the other leaders experienced a decline in the export price figures.

Olive Imports

Imports in MERCOSUR

In 2022, after two years of decline, there was significant growth in supplies from abroad of olives, when their volume increased by X% to X tons. In general, imports, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, olive imports skyrocketed to $X in 2022. Overall, imports, however, saw a deep slump. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of olive imports in 2022 were Colombia (X tons), Ecuador (X tons) and Venezuela (X tons), together recording X% of total import. Argentina (X tons) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Colombia (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Colombia ($X), Ecuador ($X) and Venezuela ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Colombia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, waning by X% against the previous year. Overall, the import price continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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