China - Refined Olive Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingChina's Refined Olive Oil Import Slumps 46% to 1.1K Tons in September 2022
China Refined Olive Oil Imports
In September 2022, purchases abroad of refined olive oil decreased by -45.8% to 1.1K tons, falling for the second consecutive month after two months of growth. In general, imports, however, showed a pronounced increase. The pace of growth appeared the most rapid in July 2022 with an increase of 247% against the previous month. As a result, imports reached the peak of 2.3K tons. From August 2022 to September 2022, the growth of imports failed to regain momentum.
In value terms, refined olive oil imports fell remarkably to $4.2M (IndexBox estimates) in September 2022. Overall, imports, however, saw a notable expansion. The pace of growth was the most pronounced in July 2022 with an increase of 268% m-o-m. As a result, imports attained the peak of $8.9M. From August 2022 to September 2022, the growth of imports failed to regain momentum.
Imports by Country
In September 2022, Spain (1.1K tons) was the main supplier of refined olive oil to China, accounting for a 97% share of total imports. It was followed by Italy (27 tons), with a 2.5% share of total imports.
From January 2022 to September 2022, the average monthly rate of growth in terms of volume from Spain amounted to +2.5%.
In value terms, Spain ($4.1M) constituted the largest supplier of refined olive oil to China, comprising 97% of total imports. The second position in the ranking was taken by Italy ($104K), with a 2.5% share of total imports.
From January 2022 to September 2022, the average monthly growth rate of value from Spain stood at +4.5%.
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Import Prices by Country
In September 2022, the refined olive oil price amounted to $3,859 per ton (CIF, China), surging by 2.5% against the previous month. Over the last eight months, it increased at an average monthly rate of +1.9%. The growth pace was the most rapid in July 2022 an increase of 6.1% month-to-month. Over the period under review, average import prices attained the maximum in September 2022.
Average prices varied noticeably amongst the major supplying countries. In September 2022, the country with the highest price was Spain ($3,859 per ton), while the price for Italy stood at $3,822 per ton.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Spain (+2.0%).
Factors Affecting Refined Olive Oil Prices
In China, the price of refined olive oil has been on the rise in recent years. This is due to a number of factors, including the increasing cost of imported olive oil, the growing demand for olive oil in China, and the limited supply of domestic olive oil.
The cost of imported olive oil has been rising due to a number of factors, including the increasing price of crude oil, political instability in major producing countries, and weather-related production problems.
The growing demand for olive oil in China is being driven by a number of factors, including the country's growing middle class, who are increasingly seeking out healthy and premium food options; the popularity of Mediterranean cuisine; and the health benefits associated with olive oil.
However, despite the rising price and demand for olive oil in China, the country's domestic supply remains limited. This is due to a lack of suitable climate and soil conditions for olive production in China, as well as limited government support for the industry. As a result, most of the Olive Oil consumed in China is still imported, making the country reliant on international markets.
This report provides an in-depth analysis of the refined olive oil market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10415310 - Refined olive oil and its fractions (excluding chemically modified)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
