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

Contents:

1. Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in France (CIF) - 2023
2. Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in France (FOB) - 2022
3. Imports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in France
4. Exports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in France

Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in France (CIF) - 2023

In November 2023, the average import price for vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia amounted to $2,652 per ton, dropping by -29.2% against the previous month. Overall, the import price recorded a pronounced curtailment. The growth pace was the most rapid in August 2023 when the average import price increased by 48% month-to-month. As a result, import price attained the peak level of $3,906 per ton. From September 2023 to November 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Spain ($15,550 per ton), while the price for the Netherlands ($2,568 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Spain (+20.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia amounted to $2,989 per ton, falling by -13.6% against the previous year. Over the period under review, the export price saw a slight contraction. The pace of growth was the most pronounced in 2020 when the average export price increased by 14%. Over the period under review, the average export prices attained the maximum at $4,029 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($6,574 per ton), while the average price for exports to French Polynesia ($1,465 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+73.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the amount of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia imported into France reached 4.7K tons, increasing by 13% on the year before. In general, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +16.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 53%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, imports of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia skyrocketed to $14M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.5% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Greece (3457.7 tons)
2. Spain (668.9 tons)
3. Italy (229.1 tons)
4. Belgium (102.1 tons)
5. Morocco (86.1 tons)
6. Egypt (76.9 tons)

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

After three years of growth, shipments abroad of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia decreased by -48% to 46 tons in 2022. In general, exports, however, posted buoyant growth. The growth pace was the most rapid in 2021 when exports increased by 139%. As a result, the exports reached the peak of 89 tons, and then dropped rapidly in the following year.

In value terms, exports of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia reduced dramatically to $139K in 2022. Overall, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 161%. As a result, the exports attained the peak of $309K, and then declined remarkably in the following year.

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

1. New Caledonia (18.4 tons)
2. Madagascar (9.6 tons)
3. Luxembourg (2.8 tons)
4. Switzerland (2.3 tons)
5. Canada (2.2 tons)
6. Cameroon (2.2 tons)
7. Belgium (1.7 tons)
8. French Polynesia (1.5 tons)
9. Gabon (0.8 tons)

Source: IndexBox Market Intelligence Platform