Price for Vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumption in the United States - 2023
Contents:
- Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in the United States (CIF) - 2023
- Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in the United States (FOB) - 2022
- Imports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in the United States
- Exports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in the United States
Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in the United States (CIF) - 2023
In December 2023, the average import price for vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia amounted to $3,929 per ton, with an increase of 301% against the previous month. In general, the import price posted a strong increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was Israel ($6,445 per ton), while the price for Egypt ($1,474 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Jordan (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in the United States (FOB) - 2022
The average export price for vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia stood at $2,116 per ton in 2022, picking up by 14% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by 37%. The export price peaked at $2,446 per ton in 2016; however, from 2017 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 Bahamas ($4,708 per ton), while the average price for exports to Malaysia ($987 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 Bahamas (+26.6%), 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 the United States
In 2022, imports of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia into the United States skyrocketed to 17K tons, rising by 57% against 2021 figures. In general, imports enjoyed moderate growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia soared to $20M in 2022. Over the period under review, total imports indicated a notable increase from 2019 to 2022: its value increased at an average annual rate of +4.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 15.1 | 7.4 | 5.8 | 13.2 | -4.4% |
| Argentina | 1.0 | 1.2 | 3.9 | 4.5 | 65.1% |
| Chile | N/A | N/A | N/A | 0.7 | 0% |
| Egypt | N/A | N/A | 3.1 | N/A | 0% |
| Others | 1.3 | 1.9 | 1.6 | 1.5 | 4.9% |
| Total | 17.4 | 10.5 | 14.4 | 20.0 | 4.8% |
Top Suppliers of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption to the United States in 2022:
- Spain (12.4K tons)
- Argentina (3.6K tons)
- Chile (0.6K tons)
Exports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in the United States
In 2022, the amount of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia exported from the United States shrank remarkably to 80 tons, with a decrease of -56.2% on the previous year. Over the period under review, exports continue to indicate a dramatic downturn. The growth pace was the most rapid in 2021 when exports increased by 40% against the previous year.
In value terms, exports of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia reduced markedly to $170K in 2022. In general, exports saw a precipitous slump. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year.
| Export of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | N/A | N/A | N/A | 35.7 | 0% |
| Mexico | N/A | N/A | N/A | 34.4 | 0% |
| Dominican Republic | 44.0 | 15.8 | 48.2 | 25.0 | -17.2% |
| Malaysia | N/A | N/A | 152 | 21.5 | -85.9% |
| Honduras | N/A | N/A | N/A | 10.2 | 0% |
| Bahamas | 3.8 | N/A | N/A | 9.1 | 33.8% |
| Costa Rica | N/A | N/A | N/A | 8.8 | 0% |
| Spain | 116 | N/A | N/A | N/A | 0% |
| South Korea | N/A | 41.0 | N/A | N/A | 0% |
| Japan | 142 | N/A | N/A | N/A | 0% |
| France | 43.9 | 4.0 | N/A | N/A | -90.9% |
| Italy | N/A | N/A | 55.2 | N/A | 0% |
| Netherlands | N/A | 117 | 18.9 | N/A | -83.8% |
| Others | 240 | 57.4 | 65.1 | 24.8 | -53.1% |
| Total | 590 | 235 | 339 | 170 | -34.0% |
Top Export Markets for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption from the United States in 2022:
- Malaysia (21.7 tons)
- Philippines (19.0 tons)
- Mexico (16.3 tons)
- Dominican Republic (8.7 tons)
- Honduras (5.0 tons)
- Costa Rica (1.9 tons)
- Bahamas (1.9 tons)
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