
Asia - Olives (Prepared or Preserved ) - Market Analysis, Forecast, Size, Trends and Insights
Asia: Preserved Olive Market 2022
Preserved Olive Market Size in Asia
The Asian preserved olive market reached $X in 2021, increasing by 1.9% against the previous year. The total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -1.6% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.
Preserved Olive Production in Asia
In value terms, preserved olive production totaled $X in 2021 estimated in export price. The total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -3.3% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 14% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.
Preserved Olive Exports
Exports in Asia
In 2021, preserved olive exports in Asia expanded rapidly to X tons, picking up by 14% against the previous year's figure. Total exports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +100.4% against 2017 indices. The growth pace was the most rapid in 2019 with an increase of 60%. The volume of export peaked in 2021 and is expected to retain growth in the near future.
In value terms, preserved olive exports rose significantly to $X in 2021. The total export value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 with an increase of 34%. The level of export peaked in 2021 and is expected to retain growth in years to come.
Exports by Country
Turkey dominates exports structure, amounting to X tons, which was near 83% of total exports in 2021. It was distantly followed by Syrian Arab Republic (X tons), making up a 6.1% share of total exports. Jordan (X tons), Lebanon (X tons) and the United Arab Emirates (X tons) took a relatively small share of total exports.
From 2012 to 2021, average annual rates of growth with regard to preserved olive exports from Turkey stood at +3.2%. At the same time, the United Arab Emirates (+25.8%), Lebanon (+7.4%) and Syrian Arab Republic (+4.9%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in Asia, with a CAGR of +25.8% from 2012-2021. By contrast, Jordan (-1.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Jordan decreased by -1.7 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Turkey ($X) remains the largest preserved olive supplier in Asia, comprising 85% of total exports. The second position in the ranking was taken by Jordan ($X), with a 4.4% share of total exports. It was followed by Syrian Arab Republic, with a 3.4% share.
From 2012 to 2021, the average annual rate of growth in terms of value in Turkey stood at +3.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Jordan (+2.3% per year) and Syrian Arab Republic (+1.8% per year).
Export Prices by Country
In 2021, the export price in Asia amounted to $X per ton, reducing by -3% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 8.1%. The level of export peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.
Prices varied noticeably country of origin: the country with the highest price was Jordan ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+3.9%), while the other leaders experienced more modest paces of growth.
Preserved Olive Imports
Imports in Asia
For the third year in a row, Asia recorded growth in supplies from abroad of olives prepared or preserved, which increased by 3.5% to X tons in 2021. Total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +75.3% against 2012 indices. The pace of growth appeared the most rapid in 2013 with an increase of 13%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.
In value terms, preserved olive imports totaled $X in 2021. The total import value increased at an average annual rate of +5.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when imports increased by 17% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.
Imports by Country
In 2021, Saudi Arabia (X tons) and Iraq (X tons) were the main importers of olives prepared or preserved in Asia, together generating 43% of total imports. The United Arab Emirates (X tons) ranks next in terms of the total imports with an 8.1% share, followed by Israel (7.4%) and South Korea (6%). Kuwait (X tons), Oman (X tons), Japan (X tons), India (X tons), Lebanon (X tons), Kazakhstan (X tons), Iran (X tons) and Armenia (X tons) followed a long way behind the leaders.
From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Israel (with a CAGR of +17.7%), while imports for the other leaders experienced more modest paces of growth.
In value terms, Saudi Arabia ($X), Iraq ($X) and Israel ($X) constituted the countries with the highest levels of imports in 2021, with a combined 49% share of total imports. South Korea, the United Arab Emirates, Japan, Kuwait, India, Oman, Kazakhstan, Armenia, Iran and Lebanon lagged somewhat behind, together accounting for a further 34%.
South Korea, with a CAGR of +17.1%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2021, the import price in Asia amounted to $X per ton, remaining stable against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 6.9% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Japan ($X per ton), while Lebanon ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+6.1%), while the other leaders experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the preserved olive market in Asia. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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