Ukraine - Refined Olive Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Olive Oil Price in Ukraine - 2023
Contents:
- Refined Olive Oil Price in Ukraine (CIF) - 2022
- Refined Olive Oil Price in Ukraine (FOB) - 2022
- Refined Olive Oil Imports in Ukraine
- Refined Olive Oil Exports in Ukraine
Refined Olive Oil Price in Ukraine (CIF) - 2022
In 2022, the average refined olive oil import price amounted to $4,831 per ton, rising by 16% against the previous year. Overall, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +8.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refined olive oil import price increased by +34.1% against 2020 indices. The most prominent rate of growth was recorded in 2015 an increase of 23%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($5,159 per ton), while the price for Poland ($2,420 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Refined Olive Oil Price in Ukraine (FOB) - 2022
The average refined olive oil export price stood at $7,276 per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the export price continues to indicate a drastic downturn. The growth pace was the most rapid in 2015 an increase of 87%. As a result, the export price attained the peak level of $22,468 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Moldova ($7,422 per ton), while the average price for exports to Comoros ($2,133 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 Austria (-8.6%), while the prices for the other major destinations experienced a decline.
Refined Olive Oil Imports in Ukraine
In 2022, overseas purchases of refined olive oil decreased by -44.8% to 188 tons, falling for the second consecutive year after two years of growth. In general, imports saw a abrupt decrease. The pace of growth was the most pronounced in 2020 with an increase of 52%. As a result, imports reached the peak of 398 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, refined olive oil imports contracted notably to $909K in 2022. Over the period under review, imports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2020 when imports increased by 34% against the previous year. As a result, imports attained the peak of $1.4M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Refined Olive Oil in Ukraine (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 630 | 729 | 849 | 684 | 2.8% |
| Italy | 301 | 490 | 440 | 162 | -18.7% |
| Poland | 93.4 | 101 | 40.5 | 42.6 | -23.0% |
| Others | 48.7 | 115 | 93.2 | 19.9 | -25.8% |
| Total | 1,073 | 1,435 | 1,423 | 909 | -5.4% |
Top Suppliers of Refined Olive Oil to Ukraine in 2022:
- Spain (132.6 tons)
- Italy (35.0 tons)
- Poland (17.6 tons)
Refined Olive Oil Exports in Ukraine
In 2022, refined olive oil exports from Ukraine soared to 680 kg, growing by 50% on 2021. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 148%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, refined olive oil exports soared to $4.9K in 2022. Overall, exports, however, continue to indicate a drastic downturn.
| Export of Refined Olive Oil in Ukraine (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Moldova | 1,049 | 299 | 1,412 | 3,340 | 47.1% |
| Slovakia | N/A | N/A | N/A | 588 | 0% |
| Lebanon | N/A | N/A | N/A | 265 | 0% |
| Panama | 4.0 | N/A | N/A | 76.0 | 166.8% |
| Turkey | 962 | 151 | 202 | 51.0 | -62.4% |
| Comoros | N/A | N/A | N/A | 32.0 | 0% |
| Bulgaria | 525 | 76.0 | N/A | N/A | -85.5% |
| Norway | N/A | N/A | 93.0 | N/A | 0% |
| Others | 3,373 | 1,808 | 1,617 | 596 | -43.9% |
| Total | 5,913 | 2,334 | 3,324 | 4,948 | -5.8% |
Top Export Markets for Refined Olive Oil from Ukraine in 2022:
- Moldova (450.0 kg)
- Slovakia (100.0 kg)
- Lebanon (50.0 kg)
- Panama (35.0 kg)
- Comoros (15.0 kg)
- Turkey (4.0 kg)
This report provides an in-depth analysis of the refined olive oil market in Ukraine. 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:
- Ukraine
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ukraine
- 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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