Asia-Pacific: Olive Market 2024

Olive Market Size in Asia-Pacific

The Asia-Pacific olive market contracted dramatically to $X in 2022, waning by X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Olive Production in Asia-Pacific

In value terms, olive production contracted to $X in 2022 estimated in export price. Overall, production, however, posted a mild increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Australia (X tons) remains the largest olive producing country in Asia-Pacific, comprising approx. X% of total volume. Moreover, olive production in Australia exceeded the figures recorded by the second-largest producer, Afghanistan (X tons), more than tenfold.

In Australia, olive production plunged by an average annual rate of X% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Afghanistan (X% per year) and Taiwan (Chinese) (X% per year).

In 2022, the average yield of olives in Asia-Pacific reached X tons per ha, almost unchanged from 2021. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 when the yield increased by X%. As a result, the yield reached the peak level of X tons per ha; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the olive harvested area in Asia-Pacific declined rapidly to X ha, with a decrease of X% compared with the previous year. In general, the harvested area recorded a perceptible decline. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to olive production attained the peak figure at X ha in 2017; however, from 2018 to 2022, the harvested area remained at a lower figure.

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Olive Exports

Exports in Asia-Pacific

In 2022, after two years of growth, there was significant decline in shipments abroad of olives, when their volume decreased by X% to X tons. In general, exports showed a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, olive exports shrank rapidly to $X in 2022. Overall, exports showed a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Pakistan prevails in exports structure, recording X tons, which was near X% of total exports in 2022. Myanmar (X tons) ranks second in terms of the total exports with a X% share, followed by Sri Lanka (X%) and Bangladesh (X%). Thailand (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to olive exports from Pakistan stood at X%. At the same time, Myanmar (X%), Sri Lanka (X%) and Bangladesh (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Thailand (X%) illustrated a downward trend over the same period. While the share of Pakistan (X p.p.), Myanmar (X p.p.), Sri Lanka (X p.p.) and Bangladesh (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Thailand (X p.p.) displayed negative dynamics.

In value terms, the largest olive supplying countries in Asia-Pacific were Pakistan ($X), Sri Lanka ($X) and Bangladesh ($X), together accounting for X% of total exports. Thailand and Myanmar lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Myanmar, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price, however, recorded a abrupt shrinkage. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the other leaders experienced more modest paces of growth.

Olive Imports

Imports in Asia-Pacific

Olive imports fell to X tons in 2022, with a decrease of X% on 2021. In general, imports saw a abrupt downturn. The growth pace was the most rapid in 2021 when imports increased by X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, olive imports rose slightly to $X in 2022. Over the period under review, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Australia (X tons) and Afghanistan (X tons) were the largest importers of olives in 2022, resulting at approx. X% and X% of total imports, respectively. Maldives (X tons) ranks next in terms of the total imports with an X% share, followed by Malaysia (X%) and Japan (X%). Sri Lanka (X tons), Singapore (X tons), New Zealand (X tons) and Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Afghanistan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) constitutes the largest market for imported olives in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Maldives ($X), with a X% share of total imports. It was followed by Afghanistan, with a X% share.

In Australia, olive imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Maldives (X% per year) and Afghanistan (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a pronounced decline. The pace of growth was the most pronounced in 2013 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Maldives ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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