U.S. - Olives (Prepared Or Preserved ) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Olive Price in the United States - 2023
Contents:
- Preserved Olive Price in the United States (CIF) - 2023
- Preserved Olive Price in the United States (FOB) - 2023
- Preserved Olive Imports in the United States
- Preserved Olive Exports in the United States
Preserved Olive Price in the United States (CIF) - 2023
In August 2023, the average preserved olive import price amounted to $3,813 per ton, leveling off at the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in September 2022 when the average import price increased by 8.9% against the previous month. The import price peaked at $3,974 per ton in April 2023; however, from May 2023 to August 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Italy ($5,099 per ton), while the price for Egypt ($2,220 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Turkey (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Olive Price in the United States (FOB) - 2023
In August 2023, the average preserved olive export price amounted to $2,420 per ton, rising by 5.3% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in May 2023 an increase of 11% against the previous month. Over the period under review, the average export prices hit record highs at $2,449 per ton in December 2022; afterwards, it flattened through to August 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Kuwait ($3,245 per ton), while the average price for exports to the Philippines ($1,698 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Olive Imports in the United States
Preserved olive imports into the United States expanded to 146K tons in 2022, picking up by 3% compared with 2021 figures. Overall, imports, however, continue to indicate a slight decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 13%.
In value terms, preserved olive imports expanded markedly to $530M in 2022. The total import value increased at an average annual rate of +1.4% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Preserved Olive in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 172 | 150 | 166 | 216 | 7.9% |
| Spain | 192 | 154 | 154 | 168 | -4.4% |
| Italy | 34.3 | 32.0 | 42.3 | 46.6 | 10.8% |
| Morocco | 56.1 | 34.0 | 44.0 | 42.6 | -8.8% |
| Portugal | 15.4 | 9.6 | 12.3 | 15.4 | 0.0% |
| Egypt | 10.8 | 10.7 | 18.2 | 11.2 | 1.2% |
| Turkey | 11.9 | 9.1 | 11.2 | 9.9 | -5.9% |
| Argentina | 5.1 | 5.8 | 7.9 | 5.2 | 0.6% |
| Others | 12.5 | 11.2 | 14.5 | 15.1 | 6.5% |
| Total | 509 | 416 | 470 | 530 | 1.4% |
Top Suppliers of Preserved Olive to the United States in 2022:
- Spain (51.0K tons)
- Greece (46.0K tons)
- Morocco (17.8K tons)
- Italy (9.6K tons)
- Portugal (6.4K tons)
- Egypt (4.7K tons)
- Turkey (4.0K tons)
- Argentina (2.1K tons)
Preserved Olive Exports in the United States
Preserved olive exports from the United States shrank slightly to 5.5K tons in 2022, standing approx. at 2021. In general, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 0.7%.
In value terms, preserved olive exports reached $13M in 2022. Over the period under review, exports faced a abrupt descent.
| Export of Preserved Olive in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 9.0 | 5.7 | 5.6 | 4.9 | -18.3% |
| Mexico | 1.1 | 0.9 | 1.1 | 2.1 | 24.1% |
| Japan | 1.7 | 1.7 | 1.5 | 1.9 | 3.8% |
| Philippines | 0.6 | 0.3 | 0.7 | 0.6 | 0.0% |
| South Korea | 0.5 | 0.7 | 0.5 | 0.5 | 0.0% |
| Australia | 0.3 | 0.3 | 0.2 | 0.3 | 0.0% |
| Jamaica | 0.2 | N/A | 0.2 | 0.2 | 0.0% |
| Colombia | 0.6 | 0.4 | 0.3 | 0.1 | -45.0% |
| Others | 3.6 | 1.8 | 1.9 | 1.9 | -19.2% |
| Total | 17.5 | 11.8 | 12.0 | 12.6 | -10.4% |
Top Export Markets for Preserved Olive from the United States in 2022:
- Canada (2116.7 tons)
- Mexico (970.6 tons)
- Japan (852.9 tons)
- Philippines (341.4 tons)
- South Korea (242.2 tons)
- Australia (175.8 tons)
- Jamaica (92.3 tons)
- Colombia (31.8 tons)
This report provides an in-depth analysis of the preserved olive 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:
- Prodcom 10391770 - Prepared or preserved olives (excluding prepared vegetable dishes and olives dried, frozen or preserved by vinegar or acetic acid)
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
-
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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In June 2023, the olives price was $3,787 per ton (CIF, US), showing a decrease of -2.3% compared to the previous month.
172
In December 2022, the canned vegetable price stood at $2,140 per ton (CIF, US), dropping by -5.3% against the previous month.
434
In Q1-Q3 2021, the U.S. imported 576K tons of canned vegetables worth $1.3B, which was 23% more in physical terms and 17% more in monetary terms than in 2020. Over the full 2021, U.S. imports are estimated to hit the previous year's record of $1.5B. China, Canada and Peru remain the leading suppliers of canned vegetables to America.
240
In March 2023, the preserved peas price amounted to $2,081 per ton (CIF, US), picking up by 33% against the previous month.
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In value terms, preserved asparagus imports contracted to $1.2M in March 2023.
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The U.S. recorded growth in overseas purchases of potato chips, which increased by 54% to 88K tons in 2020. Total imports indicated a remarkable increase from 2010 to 2020: its volume increased at an average annual rate of +8.0% per year. In value terms, supplies amounted to $227M in 2020.
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Despite relatively flat year to year export numbers in 2014, Italy continued to lead the way in the global trade of vegetables (homogenized preparations). In 2014, Italy exported X thousand tons of vegetables (homogenized preparations) totaling X m
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In 2020, global preserved sweet corn exports rose by +4.1% y-o-y to $1B. Thailand, Hungary and France head the list of the largest exporters worldwide. The average export price for preserved sweet corn remained relatively unchanged in 2020. Germany, the UK, Japan were the prime destinations for imported preserved sweet corn last year.
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Hungary dominates in the global trade of prepared sweet corn. In 2014, Hungary exported X thousand tons of prepared sweet corn totaling X million USD, X% over the previous year. Its primary trading partner was Germany, where it supplied X% of it
