Asia: Olives Market Overview 2021

Olives Market Size in Asia

For the third year in a row, the Asian olives market recorded growth in sales value, which increased by X% to $X in 2020. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when the market value increased by X% against the previous year. Over the period under review, the market attained the maximum level in 2020 and is likely to see gradual growth in the immediate term.

Olives Production in Asia

In value terms, olives production totaled $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% year-to-year. Over the period under review, production hit record highs in 2020 and is likely to continue growth in years to come.

Production By Country in Asia

The country with the largest volume of olives production was China (X tonnes), accounting for X% of total volume. Moreover, olives production in China exceeded the figures recorded by the second-largest producer, India (X tonnes), threefold. Japan (X tonnes) ranked third in terms of total production with a X% share.

In China, olives production expanded at an average annual rate of +X% over the period from 2007-2020. The remaining producing countries recorded the following average annual rates of production growth: India (+X% per year) and Japan (+X% per year).

Olives Exports

Exports in Asia

After two years of growth, overseas shipments of olives (prepared or preserved ) decreased by -X% to X tonnes in 2020. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X% year-to-year. As a result, exports attained the peak of X tonnes, and then shrank remarkably in the following year.

In value terms, olives exports expanded notably to $X in 2020. Total exports indicated a moderate increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2019 when exports increased by X% year-to-year. Over the period under review, exports hit record highs in 2020 and are likely to see steady growth in the near future.

Exports by Country

Turkey represented the main exporting country with an export of about X tonnes, which resulted at X% of total exports. Afghanistan (X tonnes) occupied the second position in the ranking, followed by Turkmenistan (X tonnes), Taiwan (Chinese) (X tonnes) and Jordan (X tonnes). All these countries together occupied approx. X% share of total exports. Syrian Arab Republic (X tonnes) occupied a relatively small share of total exports.

Exports from Turkey decreased at an average annual rate of -X% from 2007 to 2020. At the same time, Afghanistan (+X%), Turkmenistan (+X%), Taiwan (Chinese) (+X%) and Jordan (+X%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2007-2020. By contrast, Syrian Arab Republic (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Afghanistan, Turkmenistan, Taiwan (Chinese) and Jordan increased by +X%, +X%, +X% and +X% percentage points, while Syrian Arab Republic (-X p.p.) and Turkey (-X p.p.) saw their share reduced.

In value terms, Turkey ($X) remains the largest olives supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by Afghanistan ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

In Turkey, olives exports remained relatively stable over the period from 2007-2020. The remaining exporting countries recorded the following average annual rates of exports growth: Afghanistan (+X% per year) and Taiwan (Chinese) (+X% per year).

Export Prices by Country

The olives export price in Asia stood at $X per tonne in 2020, surging by X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. As a result, export price reached 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 Afghanistan ($X per tonne), while Syrian Arab Republic ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Turkey, while the other leaders experienced more modest paces of growth.

Olives Imports

Imports in Asia

In 2020, approx. X tonnes of olives (prepared or preserved ) were imported in Asia; rising by X% on the previous year's figure. Over the period under review, imports showed a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, olives imports soared to $X in 2020. Overall, imports saw a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2020, Saudi Arabia (X tonnes), distantly followed by Israel (X tonnes), Afghanistan (X tonnes), Taiwan (Chinese) (X tonnes), Tajikistan (X tonnes), Turkmenistan (X tonnes), Democratic People's Republic of Korea (X tonnes) and South Korea (X tonnes) represented the largest importers of olives (prepared or preserved ), together making up X% of total imports. Iraq (X tonnes), the United Arab Emirates (X tonnes), Japan (X tonnes), Kuwait (X tonnes) and Oman (X tonnes) held a relatively small share of total imports.

From 2007 to 2020, average annual rates of growth with regard to olives imports into Saudi Arabia stood at +X%. At the same time, Democratic People's Republic of Korea (+X%), Tajikistan (+X%), Afghanistan (+X%), Turkmenistan (+X%), Taiwan (Chinese) (+X%), Israel (+X%), South Korea (+X%), Oman (+X%), Iraq (+X%), the United Arab Emirates (+X%) and Kuwait (+X%) displayed positive paces of growth. Moreover, Democratic People's Republic of Korea emerged as the fastest-growing importer imported in Asia, with a CAGR of +X% from 2007-2020. By contrast, Japan (-X%) illustrated a downward trend over the same period. While the share of Israel (+X p.p.), Democratic People's Republic of Korea (+X p.p.), Tajikistan (+X p.p.), Afghanistan (+X p.p.), Turkmenistan (+X p.p.), Taiwan (Chinese) (+X p.p.) and South Korea (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of Kuwait (-X p.p.), the United Arab Emirates (-X p.p.), Japan (-X p.p.) and Saudi Arabia (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported olives (prepared or preserved ) in Asia, comprising X% of total imports. The second position in the ranking was occupied by Israel ($X), with a X% share of total imports. It was followed by Afghanistan, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in Saudi Arabia amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: Israel (+X% per year) and Afghanistan (+X% per year).

Import Prices by Country

In 2020, the olives import price in Asia amounted to $X per tonne, increasing by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The level of import peaked at $X per tonne in 2008; however, from 2009 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Japan ($X per tonne), while Iraq ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for olives (prepared or preserved ) in Asia?

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China (947K tonnes) constituted the country with the largest volume of olives consumption, accounting for 34% of total volume. Moreover, olives consumption in China exceeded the figures recorded by the second-largest consumer, India (377K tonnes), threefold. Japan (195K tonnes) ranked third in terms of total consumption with a 6.9% share.

What are the largest producers of olives (prepared or preserved ) in Asia?

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China (946K tonnes) remains the largest olives producing country in Asia, comprising approx. 34% of total volume. Moreover, olives production in China exceeded the figures recorded by the second-largest producer, India (376K tonnes), threefold. Japan (191K tonnes) ranked third in terms of total production with a 6.9% share.

What are the leading exporters of olives (prepared or preserved ) in Asia?

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In value terms, Turkey ($79M) remains the largest olives supplier in Asia, comprising 46% of total exports. The second position in the ranking was occupied by Afghanistan ($24M), with a 14% share of total exports. It was followed by Taiwan (Chinese), with a 14% share.

What are the leading importers of olives (prepared or preserved ) in Asia?

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In value terms, Saudi Arabia ($54M) constitutes the largest market for imported olives (prepared or preserved ) in Asia, comprising 21% of total imports. The second position in the ranking was occupied by Israel ($23M), with a 9% share of total imports. It was followed by Afghanistan, with a 6.7% share.

What is the average export price for olives (prepared or preserved ) in Asia?

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In 2020, the olives export price in Asia amounted to $2,160 per tonne, with an increase of 38% against the previous year.

What is the average import price for olives (prepared or preserved ) in Asia?

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The olives import price in Asia stood at $1,791 per tonne in 2020, with an increase of 17% against the previous year.