United Kingdom - Olives (Prepared Or Preserved ) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Olive Price in the UK - 2023
Contents:
- Preserved Olive Price in the UK (CIF) - 2023
- Preserved Olive Price in the UK (FOB) - 2023
- Preserved Olive Imports in the UK
- Preserved Olive Exports in the UK
Preserved Olive Price in the UK (CIF) - 2023
The average preserved olive import price stood at $2,843 per ton in June 2023, increasing by 4.6% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 7.5% against the previous month. Over the period under review, average import prices attained the maximum 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 Italy ($3,912 per ton), while the price for Spain ($2,405 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 Morocco (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Olive Price in the UK (FOB) - 2023
In June 2023, the average preserved olive export price amounted to $6,401 per ton, rising by 30% against the previous month. In general, export price indicated a moderate expansion from June 2022 to June 2023: its price increased at an average monthly rate of +2.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, preserved olive export price increased by +50.3% against April 2023 indices. The pace of growth was the most pronounced in November 2022 when the average export price increased by 47% month-to-month. The export price peaked at $6,760 per ton in December 2022; however, from January 2023 to June 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was Norway ($11,594 per ton), while the average price for exports to Ethiopia ($2,379 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 Hong Kong SAR (+38.4%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Olive Imports in the UK
Preserved olive imports into the UK surged to 47K tons in 2022, jumping by 67% on 2021 figures. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +10.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, preserved olive imports surged to $117M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +17.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Preserved Olive in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 26.8 | 33.9 | 25.9 | 52.5 | 25.1% |
| Greece | 21.4 | 21.4 | 20.9 | 43.4 | 26.6% |
| Italy | 7.1 | 6.2 | 9.2 | 10.3 | 13.2% |
| Turkey | 4.7 | 4.6 | 3.9 | 4.9 | 1.4% |
| Morocco | 5.6 | 4.1 | 2.9 | 3.3 | -16.2% |
| Ireland | 2.6 | 2.6 | 0.1 | 0.1 | -66.2% |
| Others | 4.1 | 3.4 | 7.0 | 2.6 | -14.1% |
| Total | 72.2 | 76.3 | 69.8 | 117 | 17.5% |
Top Suppliers of Preserved Olive to the UK in 2022:
- Ireland (undefinedK tons)
- Spain (28.0K tons)
- Greece (11.7K tons)
- Italy (2.9K tons)
- Turkey (1.9K tons)
- Morocco (1.8K tons)
Preserved Olive Exports in the UK
For the third year in a row, the UK recorded decline in shipments abroad of olives prepared or preserved, which decreased by -24.9% to 305 tons in 2022. Over the period under review, exports showed a precipitous contraction. The smallest decline of -7.7% was in 2020.
In value terms, preserved olive exports dropped markedly to $1.4M in 2022. In general, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2020 when exports increased by 26%. As a result, the exports attained the peak of $3.4M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Preserved Olive in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 119 | 48.0 | 24.3 | 191 | 17.1% |
| Ireland | 827 | 1,934 | 849 | 153 | -43.0% |
| Norway | 30.2 | 8.2 | 107 | 150 | 70.6% |
| Belgium | 163 | 15.2 | N/A | 88.9 | -18.3% |
| Greece | 3.7 | 17.9 | N/A | 88.8 | 188.4% |
| Sweden | 189 | 71.1 | 17.8 | 82.0 | -24.3% |
| Singapore | 27.7 | 52.5 | 74.9 | 76.1 | 40.1% |
| Italy | 13.8 | 21.6 | 31.1 | 65.3 | 67.9% |
| Canada | 212 | 3.4 | 1.9 | 57.8 | -35.2% |
| China | 118 | 40.4 | 37.8 | 56.0 | -22.0% |
| Iceland | 104 | 39.9 | 49.5 | 55.9 | -18.7% |
| United Arab Emirates | 213 | 317 | 382 | 41.2 | -42.2% |
| United States | 239 | 339 | 115 | 2.2 | -79.0% |
| Others | 432 | 484 | 319 | 340 | -7.7% |
| Total | 2,691 | 3,392 | 2,010 | 1,447 | -18.7% |
Top Export Markets for Preserved Olive from the UK in 2022:
- Ireland (50.4 tons)
- France (38.2 tons)
- Norway (26.1 tons)
- Belgium (18.7 tons)
- Greece (17.5 tons)
- Singapore (16.9 tons)
- Sweden (14.7 tons)
- Italy (14.3 tons)
- Iceland (12.8 tons)
- Canada (10.3 tons)
- China (9.3 tons)
- United Arab Emirates (6.2 tons)
- United States (0.3 tons)
This report provides an in-depth analysis of the preserved olive market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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
-
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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