Central Asia: Olives Market Overview 2021

Olives Market Size in Central Asia

In 2020, the Central Asian olives market increased by X% to $X for the first time since 2017, thus ending a two-year declining trend. The total consumption indicated a remarkable increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Olives Production in Central Asia

In value terms, olives production surged to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Production By Country in Central Asia

The country with the largest volume of olives production was Uzbekistan (X tonnes), comprising approx. X% of total volume.

From 2007 to 2020, the average annual growth rate of volume in Uzbekistan stood at +X%.

Olives Exports

Exports in Central 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 saw a abrupt contraction. The pace of growth appeared the most rapid in 2018 when exports increased by X% y-o-y. The volume of export peaked at X tonnes in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, olives exports skyrocketed to $X in 2020. Overall, exports saw a deep setback. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. The level of export peaked at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

In 2020, Uzbekistan (X tonnes) represented the main exporter of olives (prepared or preserved ), mixing up X% of total exports. It was distantly followed by Kazakhstan (X tonnes), comprising a X% share of total exports. Turkmenistan (X tonnes) took a relatively small share of total exports.

Exports from Uzbekistan decreased at an average annual rate of -X% from 2007 to 2020. At the same time, Turkmenistan (+X%) and Kazakhstan (+X%) displayed positive paces of growth. Moreover, Turkmenistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +X% from 2007-2020. While the share of Kazakhstan (+X p.p.) and Turkmenistan (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Uzbekistan (-X p.p.) displayed negative dynamics.

In value terms, Uzbekistan ($X) emerged as the largest olives supplier in Central Asia, comprising X% of total exports. The second position in the ranking was occupied by Kazakhstan ($X), with a X% share of total exports.

In Uzbekistan, olives exports plunged by an average annual rate of -X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Kazakhstan (+X% per year) and Turkmenistan (+X% per year).

Export Prices by Country

The olives export price in Central Asia stood at $X per tonne in 2020, rising by X% against the previous year. Over the period under review, the export price, however, continues to indicate a mild curtailment. Over the period under review, export prices reached the maximum at $X per tonne in 2007; however, from 2008 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Turkmenistan ($X per tonne), while Kazakhstan ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Kazakhstan, while the other leaders experienced a decline in the export price figures.

Olives Imports

Imports in Central Asia

In 2020, imports of olives (prepared or preserved ) in Central Asia surged to X tonnes, with an increase of X% on 2019. Overall, imports enjoyed a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, olives imports soared to $X in 2020. Over the period under review, imports continue to indicate resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2020, Tajikistan (X tonnes) was the major importer of olives (prepared or preserved ), making up X% of total imports. Kazakhstan (X tonnes) took the second position in the ranking, distantly followed by Uzbekistan (X tonnes). All these countries together took near X% share of total imports. The following importers - Turkmenistan (X tonnes) and Kyrgyzstan (X tonnes) - each accounted for a X% share of total imports.

Tajikistan was also the fastest-growing in terms of the olives (prepared or preserved ) imports, with a CAGR of +X% from 2007 to 2020. At the same time, Uzbekistan (+X%), Kyrgyzstan (+X%) and Turkmenistan (+X%) displayed positive paces of growth. By contrast, Kazakhstan (-X%) illustrated a downward trend over the same period. While the share of Tajikistan (+X p.p.) and Uzbekistan (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of Kazakhstan (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Tajikistan, olives imports expanded at an average annual rate of +X% over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (-X% per year) and Uzbekistan (+X% per year).

Import Prices by Country

In 2020, the olives import price in Central Asia amounted to $X per tonne, rising by X% against the previous year. In general, the import price, however, continues to indicate a mild slump. The level of import peaked at $X per tonne in 2008; however, from 2009 to 2020, import prices failed to regain the momentum.

Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Tajikistan ($X per tonne) and Kazakhstan ($X per tonne), while Uzbekistan ($X per tonne) and Kyrgyzstan ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Kyrgyzstan, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

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The countries with the highest volumes of olives consumption in 2020 were Uzbekistan (12K tonnes), Tajikistan (9.1K tonnes) and Kazakhstan (1.6K tonnes), together accounting for 98% of total consumption.

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

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Uzbekistan (11K tonnes) remains the largest olives producing country in Central Asia, accounting for 100% of total volume.

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

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In value terms, Uzbekistan ($119K) emerged as the largest olives supplier in Central Asia, comprising 74% of total exports. The second position in the ranking was occupied by Kazakhstan ($36K), with a 22% share of total exports.

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

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In value terms, Tajikistan ($17M) constitutes the largest market for imported olives (prepared or preserved ) in Central Asia, comprising 80% of total imports. The second position in the ranking was occupied by Kazakhstan ($2.5M), with a 12% share of total imports. It was followed by Uzbekistan, with a 3.9% share.

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

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The olives export price in Central Asia stood at $1,504 per tonne in 2020, surging by 50% against the previous year.

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

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In 2020, the olives import price in Central Asia amounted to $1,775 per tonne, growing by 21% against the previous year.