South Africa - Refined Olive Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Olive Oil Price in South Africa - 2023
Contents:
- Refined Olive Oil Price in South Africa (CIF) - 2022
- Refined Olive Oil Price in South Africa (FOB) - 2023
- Refined Olive Oil Imports in South Africa
- Refined Olive Oil Exports in South Africa
Refined Olive Oil Price in South Africa (CIF) - 2022
In 2022, the average refined olive oil import price amounted to $3,378 per ton, growing by 20% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 62%. The import price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Portugal ($4,897 per ton), while the price for Spain ($2,785 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+5.2%), while the prices for the other major suppliers experienced a decline.
Refined Olive Oil Price in South Africa (FOB) - 2023
In July 2023, the average refined olive oil export price amounted to $2,824 per ton, dropping by -39% against the previous month. In general, the export price recorded a slight downturn. The most prominent rate of growth was recorded in September 2022 when the average export price increased by 49% against the previous month. As a result, the export price reached the peak level of $5,102 per ton. From October 2022 to July 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was Germany ($5,227 per ton), while the average price for exports to Taiwan (Chinese) ($1,520 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 (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.
Refined Olive Oil Imports in South Africa
In 2022, approx. 619 tons of refined olive oil were imported into South Africa; falling by -27.6% compared with the year before. In general, imports saw a precipitous contraction. The smallest decline of -20.5% was in 2020.
In value terms, refined olive oil imports contracted to $2.1M in 2022. Overall, imports continue to indicate a precipitous contraction.
| Import of Refined Olive Oil in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 0.3 | 0.6 | 0.3 | 0.7 | 32.6% |
| Spain | 3.3 | 2.5 | 1.5 | 0.7 | -40.4% |
| Portugal | 0.6 | 0.5 | 0.5 | 0.5 | -5.9% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 4.3 | 3.7 | 2.4 | 2.1 | -21.3% |
Top Suppliers of Refined Olive Oil to South Africa in 2022:
- Spain (258.8 tons)
- Italy (235.6 tons)
- Portugal (110.4 tons)
Refined Olive Oil Exports in South Africa
In 2022, overseas shipments of refined olive oil decreased by -33.7% to 417 tons, falling for the second year in a row after two years of growth. Over the period under review, exports saw a noticeable curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 32% against the previous year. As a result, the exports attained the peak of 634 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, refined olive oil exports reduced to $1.5M in 2022. The total export value increased at an average annual rate of +4.1% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 24%.
| Export of Refined Olive Oil in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 216 | 276 | 271 | 317 | 13.6% |
| Botswana | 317 | 514 | 430 | 177 | -17.7% |
| Zambia | 179 | 234 | 332 | 157 | -4.3% |
| Swaziland | 136 | 122 | 175 | 139 | 0.7% |
| Sri Lanka | 0.8 | N/A | N/A | 89.1 | 381.1% |
| Lesotho | 26.2 | 39.1 | 16.6 | 83.9 | 47.4% |
| Mauritius | 3.3 | 11.9 | 52.8 | 67.7 | 173.8% |
| Malawi | 43.8 | 50.8 | 79.5 | 64.5 | 13.8% |
| Taiwan (Chinese) | 87.3 | N/A | N/A | 64.0 | -9.8% |
| Mozambique | 50.8 | 39.1 | 56.9 | 50.2 | -0.4% |
| Zimbabwe | 71.0 | 66.0 | 116 | 45.8 | -13.6% |
| Democratic Republic of the Congo | 19.7 | 13.9 | 31.5 | 15.1 | -8.5% |
| Others | 198 | 301 | 145 | 253 | 8.5% |
| Total | 1,349 | 1,668 | 1,707 | 1,523 | 4.1% |
Top Export Markets for Refined Olive Oil from South Africa in 2022:
- Namibia (107.6 tons)
- Zambia (61.0 tons)
- Botswana (50.2 tons)
- Swaziland (35.1 tons)
- Mauritius (24.0 tons)
- Lesotho (23.8 tons)
- Zimbabwe (18.3 tons)
- Sri Lanka (17.4 tons)
- Malawi (13.5 tons)
- Taiwan (Chinese) (12.6 tons)
- Mozambique (10.2 tons)
- Democratic Republic of the Congo (6.9 tons)
This report provides an in-depth analysis of the refined olive oil market in South Africa. 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 10415310 - Refined olive oil and its fractions (excluding chemically modified)
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- 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
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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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This report provides an in-depth analysis of the refined olive oil market in South Africa.
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This report provides an in-depth analysis of the olive oil market in South Africa.
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This report provides an in-depth analysis of the global refined olive oil market.
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This report provides an in-depth analysis of the global olive oil market.
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This report provides an in-depth analysis of the refined olive oil market in South Africa.
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This report provides an in-depth analysis of the virgin olive oil market in South Africa.
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This report provides an in-depth analysis of the olive oil market in South Africa.
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This report provides an in-depth analysis of the global refined olive oil market.
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Imports of Refined Olive Oil reached its highest point and are expected to keep increasing in the near future. In terms of value, imports of refined olive oil surged to $367K in October 2023.
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Discover the top import markets for virgin olive oil and their importance in the global market. Italy, the United States, Spain, France, and Brazil lead the way, driven by culinary culture and health-conscious consumers.
