U.S. - Olive Oil And Its Fractions - Market Analysis, Forecast, Size, Trends And Insights
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View PricingOlive Oil Price in the United States - 2022
Contents:
- Olive Oil Price in the United States (CIF) - 2022
- Olive Oil Price in the United States (FOB) - 2021
- Olive Oil Imports in the United States
- Olive Oil Exports in the United States
Olive Oil Price in the United States (CIF) - 2022
The average olive oil import price stood at $4,171 per ton in 2022, stabilizing at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2013 an increase of 23% against the previous year. Over the period under review, average import prices reached the maximum at $4,893 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Turkey.
From 2012 to 2022, the rate of growth in terms of prices for Argentina amounted to +3.8% per year.
Olive Oil Price in the United States (FOB) - 2021
The average olive oil export price stood at $4,680 per ton in December 2021, increasing by 7.2% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.2%. The growth pace was the most rapid in September 2021 when the average export price increased by 37% m-o-m. As a result, the export price attained the peak level of $4,825 per ton. From October 2021 to December 2021, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In December 2021, the country with the highest price was Israel ($7,795 per ton), while the average price for exports to Panama ($2,305 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.
Olive Oil Imports in the United States
Olive oil imports into the United States totaled 283K tons in 2022, growing by 3.4% compared with 2021. The total import volume increased at an average annual rate of +3.7% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 18%. As a result, imports reached the peak of 300K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, olive oil imports rose modestly to $1.2B in 2022. The total import value increased at an average annual rate of +4.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 9.1% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.
| Import of Olive Oil in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 19.6 | 16.4 | 19.0 | 1,178 | 291.7% |
| Spain | 374 | 176 | 282 | N/A | -13.2% |
| Argentina | 28.8 | 24.3 | 33.1 | N/A | 7.2% |
| Chile | 20.0 | 28.4 | 28.4 | N/A | 19.2% |
| Greece | 43.5 | 39.6 | 46.7 | N/A | 3.6% |
| Tunisia | 82.0 | 201 | 161 | N/A | 40.1% |
| Portugal | 18.2 | 105 | 83.8 | N/A | 114.6% |
| Italy | 423 | 418 | 440 | N/A | 2.0% |
| Others | 38.7 | 35.6 | 45.0 | N/A | 7.8% |
| Total | 1,048 | 1,043 | 1,139 | 1,178 | 4.0% |
Top Suppliers of Olive Oil to the United States in 2022:
- Turkey (282.5K tons)
Olive Oil Exports in the United States
In 2021, exports of olive oil and its fractions from the United States expanded significantly to 5.1K tons, rising by 11% compared with the previous year. The total export volume increased at an average annual rate of +9.4% over the period from 2019 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, olive oil exports skyrocketed to $20M in 2021. The total export value increased at an average annual rate of +14.4% over the period from 2019 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Olive Oil in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Canada | 6.5 | 7.0 | 8.8 | 16.4% | |
| Mexico | 1.8 | 2.0 | 2.2 | 10.6% | |
| Panama | 0.6 | 0.7 | 1.7 | 68.3% | |
| Israel | 0.2 | 0.5 | 0.8 | 100.0% | |
| Honduras | 0.3 | 0.5 | 0.7 | 52.8% | |
| South Korea | 0.3 | 0.6 | 0.6 | 41.4% | |
| El Salvador | 0.3 | 0.5 | 0.5 | 29.1% | |
| Bahamas | 0.3 | 0.5 | 0.5 | 29.1% | |
| Nicaragua | 0.2 | 0.4 | 0.5 | 58.1% | |
| Greece | N/A | N/A | 0.4 | 0% | |
| China | 0.3 | 0.4 | 0.4 | 15.5% | |
| Bermuda | 0.1 | 0.1 | 0.3 | 73.2% | |
| Belize | 0.4 | 0.4 | 0.2 | -29.3% | |
| Others | 4.2 | 3.4 | 2.9 | -16.9% | |
| Total | 15.6 | 16.9 | 20.4 | 14.4% | |
Top Export Markets for Olive Oil from the United States in 2022:
- Canada (2003.8 tons)
- Panama (745.2 tons)
- Mexico (519.9 tons)
- Honduras (183.6 tons)
- South Korea (124.2 tons)
- Israel (118.8 tons)
- Belize (113.4 tons)
- El Salvador (108.1 tons)
- Nicaragua (103.1 tons)
- Bahamas (98.2 tons)
- Greece (97.0 tons)
- China (95.2 tons)
- Bermuda (82.8 tons)
This report provides an in-depth analysis of the olive oil market in the U.S.. 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:
- FCL 261 - Oil of Olives, Virgin
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
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