Asia-Pacific: Refined Olive Oil Market 2024

Refined Olive Oil Market Size in Asia-Pacific

In 2022, the Asia-Pacific refined olive oil market increased by X% to $X, rising for the second year in a row after six years of decline. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Refined Olive Oil Production in Asia-Pacific

In value terms, refined olive oil production reduced slightly to $X in 2022 estimated in export price. Overall, production saw a mild contraction. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

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Refined Olive Oil Exports

Exports in Asia-Pacific

In 2022, shipments abroad of refined olive oil increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, showed a abrupt downturn. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, refined olive oil exports surged to $X in 2022. In general, exports, however, showed a abrupt downturn. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Australia represented the largest exporter of refined olive oil in Asia-Pacific, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. It was distantly followed by Hong Kong SAR (X tons) and South Korea (X tons), together achieving a X% share of total exports. Japan (X tons), Singapore (X tons), India (X tons) and New Zealand (X tons) held a relatively small share of total exports.

Australia was also the fastest-growing in terms of the refined olive oil exports, with a CAGR of X% from 2012 to 2022. At the same time, Japan (X%) and South Korea (X%) displayed positive paces of growth. New Zealand experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (X%), Singapore (X%) and India (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Australia, South Korea, Hong Kong SAR and Japan increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest refined olive oil supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

In Australia, refined olive oil exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Japan (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, growing by X% against the previous year. Export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Japan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

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

Refined Olive Oil Imports

Imports in Asia-Pacific

In 2022, imports of refined olive oil in Asia-Pacific soared to X tons, jumping by X% compared with 2021 figures. In general, imports recorded a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, refined olive oil imports skyrocketed to $X in 2022. Overall, imports posted a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

India prevails in imports structure, resulting at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Japan (X tons), generating a X% share of total imports. The following importers - China (X tons), Australia (X tons) and Taiwan (Chinese) (X tons) - together made up X% of total imports.

India was also the fastest-growing in terms of the refined olive oil imports, with a CAGR of X% from 2012 to 2022. At the same time, China (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. By contrast, Australia (X%) illustrated a downward trend over the same period. India (X p.p.) significantly strengthened its position in terms of the total imports, while Taiwan (Chinese), Japan and Australia saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported refined olive oil in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by Australia, with a X% share.

In India, refined olive oil imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (X% per year) and Australia (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the import price saw a abrupt descent. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform