Romania - Olives (Prepared Or Preserved ) - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Romania - Olives (Prepared Or Preserved ) - Market Analysis, Forecast, Size, Trends And Insights

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Preserved Olive Price in Romania - 2023

Contents:

  1. Preserved Olive Price in Romania (CIF) - 2023
  2. Preserved Olive Price in Romania (FOB) - 2023
  3. Preserved Olive Imports in Romania
  4. Preserved Olive Exports in Romania

Preserved Olive Price in Romania (CIF) - 2023

In June 2023, the average preserved olive import price amounted to $1,800 per ton, standing approximately at the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.4%. The growth pace was the most rapid in December 2022 when the average import price increased by 8.5% m-o-m. Over the period under review, average import prices hit record highs in June 2023.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Poland ($2,870 per ton), while the price for Egypt ($1,031 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Italy (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Preserved Olive Price in Romania (FOB) - 2023

In June 2023, the average preserved olive export price amounted to $1,935 per ton, which is down by -31.4% against the previous month. Over the period under review, the export price continues to indicate a slight contraction. The pace of growth was the most pronounced in September 2022 an increase of 41% against the previous month. The export price peaked at $2,821 per ton in May 2023, and then contracted remarkably in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was Italy ($3,560 per ton), while the average price for exports to the Czech Republic ($1,435 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Olive Imports in Romania

In 2022, the amount of olives prepared or preserved imported into Romania was estimated at 38K tons, therefore, remained relatively stable against the previous year. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 2.5%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, preserved olive imports rose rapidly to $62M in 2022. The total import value increased at an average annual rate of +6.8% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Preserved Olive in Romania (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey21.620.021.332.414.5%
Greece17.921.119.915.4-4.9%
Spain1.94.24.85.744.2%
Italy1.41.72.02.114.5%
Egypt3.53.63.01.3-28.1%
Poland1.51.61.41.2-7.2%
Others2.93.33.93.89.4%
Total50.855.456.461.96.8%

Top Suppliers of Preserved Olive to Romania in 2022:

  1. Turkey (22.9K tons)
  2. Greece (8.0K tons)
  3. Spain (3.3K tons)
  4. Egypt (1.2K tons)
  5. Italy (1.1K tons)
  6. Poland (0.5K tons)

Preserved Olive Exports in Romania

In 2022, overseas shipments of olives prepared or preserved decreased by -8.5% to 606 tons for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +11.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +39.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 46%. As a result, the exports reached the peak of 663 tons, and then declined in the following year.

In value terms, preserved olive exports rose modestly to $1.4M in 2022. The total export value increased at an average annual rate of +12.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 28%. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Preserved Olive in Romania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Moldova26135853156029.0%
United Kingdom25333448044420.6%
Italy155138169120-8.2%
Greece0.3N/AN/A87.4562.9%
Spain49.119.714.051.11.3%
Germany6.214.824.338.283.3%
Ireland16.625.330.933.326.1%
United States19713355.6N/A-46.9%
Others23.619.224.132.311.0%
Total9621,0411,3281,36712.4%

Top Export Markets for Preserved Olive from Romania in 2022:

  1. Moldova (284.2 tons)
  2. United Kingdom (194.2 tons)
  3. Italy (40.3 tons)
  4. Greece (31.1 tons)
  5. Spain (19.3 tons)
  6. Germany (15.2 tons)
  7. Ireland (13.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the preserved olive market in Romania. 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 10391770 - Prepared or preserved olives (excluding prepared vegetable dishes and olives dried, frozen or preserved by vinegar or acetic acid)

Country coverage:

  • Romania

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Romania
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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