Asia: Refined Olive Oil Market 2024

Refined Olive Oil Market Size in Asia

In 2022, the Asian refined olive oil market increased by X% to $X, rising for the third year in a row after five years of decline. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Refined Olive Oil Production in Asia

In value terms, refined olive oil production stood at $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Refined Olive Oil Exports

Exports in Asia

In 2022, after three years of decline, there was significant growth in shipments abroad of refined olive oil, when their volume increased by X% to X tons. In general, exports recorded a strong increase. The growth pace was the most rapid in 2013 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, refined olive oil exports surged to $X in 2022. Over the period under review, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Turkey represented the major exporter of refined olive oil in Asia, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X tons) and Lebanon (X tons), together comprising a X% share of total exports. The following exporters - Syrian Arab Republic (X tons) and Palestine (X tons) - together made up X% of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Palestine (X%), the United Arab Emirates (X%), Syrian Arab Republic (X%) and Lebanon (X%) displayed positive paces of growth. Moreover, Palestine emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. Turkey (X p.p.), the United Arab Emirates (X p.p.) and Palestine (X p.p.) significantly strengthened its position in terms of the total exports, while Lebanon saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest refined olive oil supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an X% share of total exports. It was followed by Lebanon, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey amounted to X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Lebanon (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Palestine ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Palestine (X%), while the other leaders experienced mixed trends in the export price figures.

Refined Olive Oil Imports

Imports in Asia

In 2022, approx. X tons of refined olive oil were imported in Asia; increasing by X% against 2021 figures. In general, imports enjoyed a buoyant increase. 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 continue to indicate prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

India dominates imports structure, reaching X tons, which was approx. X% of total imports in 2022. It was distantly followed by Japan (X tons), achieving a X% share of total imports. The following importers - China (X tons), Taiwan (Chinese) (X tons) and the United Arab Emirates (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, the United Arab Emirates (X%), China (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. From 2012 to 2022, the share of India increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in India totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (X% per year) and China (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the import price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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