Price for Vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumption in China - 2023

Contents:

  1. Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in China (FOB) - 2022
  2. Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in China (CIF) - 2022
  3. Exports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in China
  4. Imports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in China

Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in China (FOB) - 2022

In 2022, the average export price for vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia amounted to $1,787 per ton, falling by -7% against the previous year. Over the period under review, the export price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 a decrease of -0.3%. Over the period under review, the average export prices hit record highs at $1,926 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($3,711 per ton), while the average price for exports to Thailand ($1,705 per ton) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+5.1%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in China (CIF) - 2022

The average import price for vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia stood at $1,562 per ton in 2022, falling by -3.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2016 when the average import price increased by 17% against the previous year. The import price peaked at $1,621 per ton in 2021, and then dropped in the following year.

As there is only one major supplying country, the average price level is determined by prices for Spain.

From 2012 to 2022, the rate of growth in terms of prices for Morocco amounted to +4.8% per year.

Exports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in China

In 2022, approx. 90 tons of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia were exported from China; jumping by 579% against 2021 figures. In general, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia soared to $160K in 2022. Over the period under review, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in China (Thousand USD)
COUNTRY202020212022CAGR,
2020-2022
Thailand26.810.971.062.8%
Canada4.60.77.326.0%
GermanyN/AN/A3.80%
Singapore0.70.32.173.2%
Philippines16.8N/AN/A0%
Lao People's Democratic Republic0.9N/AN/A0%
Others3.513.475.9365.7%
Total53.325.316073.3%

Top Export Markets for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption from China in 2022:

  1. Thailand (41.6 tons)
  2. Canada (2.1 tons)
  3. Germany (1.0 tons)
  4. Singapore (0.8 tons)

Imports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in China

After three years of growth, overseas purchases of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia decreased by -95.8% to 15 tons in 2022. Over the period under review, imports showed a sharp descent. The growth pace was the most rapid in 2021 when imports increased by 7.7% against the previous year. As a result, imports reached the peak of 343 tons, and then fell sharply in the following year.

In value terms, imports of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia contracted remarkably to $23K in 2022. In general, imports saw a significant contraction. The growth pace was the most rapid in 2021 with an increase of 19% against the previous year. As a result, imports reached the peak of $556K, and then reduced markedly in the following year.

Import of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in China (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain44646655622.7-62.9%
OthersN/AN/AN/AN/A0%
Total44646655622.7-62.9%

Top Suppliers of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption to China in 2022:

  1. Spain (14.5 tons)

Source: IndexBox Market Intelligence Platform

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