Turkey - Olives (Prepared Or Preserved ) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Olive Price in Turkey - 2023
Contents:
- Preserved Olive Price in Turkey (FOB) - 2023
- Preserved Olive Price in Turkey (CIF) - 2022
- Preserved Olive Exports in Turkey
- Preserved Olive Imports in Turkey
Preserved Olive Price in Turkey (FOB) - 2023
In July 2023, the average preserved olive export price amounted to $1,700 per ton, waning by -4.3% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.2%. The pace of growth was the most pronounced in February 2023 when the average export price increased by 7.1% month-to-month. As a result, the export price reached the peak level of $1,868 per ton. From March 2023 to July 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was Germany ($3,224 per ton), while the average price for exports to Italy ($1,105 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Olive Price in Turkey (CIF) - 2022
The average preserved olive import price stood at $3,264 per ton in 2022, growing by 111% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($7,750 per ton), while the price for Syrian Arab Republic ($619 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+90.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Olive Exports in Turkey
In 2022, the amount of olives prepared or preserved exported from Turkey surged to 100K tons, growing by 15% compared with 2021 figures. The total export volume increased at an average annual rate of +6.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable 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, preserved olive exports reached $158M in 2022. The total export value increased at an average annual rate of +7.3% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Preserved Olive in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 32.7 | 38.6 | 33.9 | 33.4 | 0.7% |
| Iraq | 22.6 | 23.6 | 26.4 | 29.6 | 9.4% |
| Romania | 19.7 | 18.5 | 19.6 | 27.8 | 12.2% |
| Bulgaria | 6.8 | 7.6 | 7.8 | 9.3 | 11.0% |
| United States | 11.7 | 8.6 | 11.3 | 8.7 | -9.4% |
| Israel | 2.0 | 1.2 | 4.3 | 4.8 | 33.9% |
| United Kingdom | 4.4 | 4.6 | 4.5 | 4.6 | 1.5% |
| United Arab Emirates | 0.7 | 0.8 | 0.9 | 3.1 | 64.2% |
| Others | 27.4 | 26.4 | 31.4 | 36.8 | 10.3% |
| Total | 128 | 130 | 140 | 158 | 7.3% |
Top Export Markets for Preserved Olive from Turkey in 2022:
- Iraq (23.5K tons)
- Romania (23.1K tons)
- Germany (13.3K tons)
- Bulgaria (7.9K tons)
- United States (4.5K tons)
- Israel (3.8K tons)
- United Arab Emirates (2.2K tons)
- United Kingdom (1.9K tons)
Preserved Olive Imports in Turkey
In 2022, the amount of olives prepared or preserved imported into Turkey dropped sharply to 72 tons, which is down by -79.5% on the previous year. In general, imports faced a significant decrease. The smallest decline of -19.6% was in 2020.
In value terms, preserved olive imports plummeted to $236K in 2022. Over the period under review, imports faced a dramatic setback. The smallest decline of -24.9% was in 2020.
| Import of Preserved Olive in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 134 | 115 | 37.1 | 112 | -5.8% |
| Belgium | N/A | N/A | 45.6 | 64.9 | 42.3% |
| Jordan | N/A | 17.0 | N/A | 12.7 | -13.6% |
| France | N/A | N/A | 20.3 | 8.5 | -58.1% |
| Spain | 4.5 | 3.8 | 5.1 | 7.7 | 19.6% |
| Iraq | 1,270 | 889 | 75.2 | 7.1 | -82.3% |
| Syrian Arab Republic | N/A | N/A | N/A | 6.7 | 0% |
| Cyprus | 145 | 52.5 | N/A | N/A | -63.8% |
| United States | 15.4 | 91.2 | 266 | N/A | 315.6% |
| United Arab Emirates | N/A | N/A | 30.8 | N/A | 0% |
| Others | 117 | 97.6 | 66.2 | 16.7 | -47.7% |
| Total | 1,686 | 1,267 | 546 | 236 | -48.1% |
Top Suppliers of Preserved Olive to Turkey in 2022:
- United States (undefined tons)
- Germany (31.2 tons)
- Syrian Arab Republic (10.8 tons)
- Belgium (8.4 tons)
- Iraq (5.8 tons)
- Jordan (4.9 tons)
- France (3.7 tons)
- Spain (3.7 tons)
This report provides an in-depth analysis of the preserved olive market in Turkey. 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:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- 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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