Central Asia: Olives Market Overview 2021

Olives Market Size in Central Asia

The Central Asian olives market stood at $X in 2020, increasing by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the market value increased by X% y-o-y. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2020, consumption stood at a somewhat lower figure.

Olives Production in Central Asia

In value terms, olives production amounted to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. As a result, production attained the peak level of $X. From 2016 to 2020, production growth remained at a somewhat lower figure.

Production By Country in Central Asia

The countries with the highest volumes of olives production in 2020 were Kazakhstan (X tonnes), Uzbekistan (X tonnes) and Turkmenistan (X tonnes), together comprising X% of total production.

From 2007 to 2020, the biggest increases were in Kazakhstan, while olives production for the other leaders experienced more modest paces of growth.

Olives Exports

Exports in Central Asia

In 2020, after two years of growth, there was decline in overseas shipments of olives (prepared or preserved ), when their volume decreased by -X% to X tonnes. In general, exports recorded a abrupt decline. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure at X tonnes in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, olives exports skyrocketed to $X in 2020. Over the period under review, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. Over the period under review, exports reached the peak figure at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.

Exports by Country

Uzbekistan represented the main exporting country with an export of around X tonnes, which reached X% of total exports. It was distantly followed by Kazakhstan (X tonnes), generating a X% share of total exports. Turkmenistan (X tonnes) followed a long way behind the leaders.

Exports from Uzbekistan decreased at an average annual rate of -X% from 2007 to 2020. At the same time, Kazakhstan (+X%) and Turkmenistan (+X%) displayed positive paces of growth. Moreover, Kazakhstan 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.) increased significantly in terms of the total exports from 2007-2020, the share of Uzbekistan (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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.

From 2007 to 2020, the average annual growth rate of value in Uzbekistan amounted to -X%. In the other countries, the average annual rates were as follows: Kazakhstan (+X% per year) and Turkmenistan (+X% per year).

Export Prices by Country

In 2020, the olives export price in Central Asia amounted to $X per tonne, with an increase of X% against the previous year. Overall, the export price, however, recorded a mild contraction. The level of export peaked 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 ($X per tonne), while Uzbekistan ($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

Olives imports contracted rapidly to X tonnes in 2020, declining by -X% on 2019. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum at X tonnes in 2019, and then declined rapidly in the following year.

In value terms, olives imports shrank markedly to $X in 2020. Over the period under review, imports, however, continue to indicate a slight shrinkage. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. The level of import peaked at $X in 2014; however, from 2015 to 2020, imports remained at a lower figure.

Imports by Country

Kazakhstan represented the key importer of olives (prepared or preserved ) in Central Asia, with the volume of imports resulting at X tonnes, which was near X% of total imports in 2020. Uzbekistan (X tonnes) held the second position in the ranking, distantly followed by Turkmenistan (X tonnes) and Kyrgyzstan (X tonnes). All these countries together occupied near X% share of total imports. Tajikistan (X tonnes) and Mongolia (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, the biggest increases were in Uzbekistan, while purchases for the other leaders experienced more modest paces of growth.

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

In Kazakhstan, olives imports decreased by 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: Uzbekistan (+X% per year) and Turkmenistan (+X% per year).

Import Prices by Country

The olives import price in Central Asia stood at $X per tonne in 2020, increasing by X% against the previous year. Overall, the import price, however, showed a slight setback. The pace of growth appeared the most rapid in 2008 an increase of X% year-to-year. As a result, import price attained the peak level of $X per tonne. From 2009 to 2020, the growth in terms of the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Mongolia ($X per tonne) and Kazakhstan ($X per tonne), while Uzbekistan ($X per tonne) and Tajikistan ($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 AI 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 Kazakhstan (24K tonnes), Uzbekistan (13K tonnes) and Turkmenistan (7.3K tonnes), with a combined 82% share of total consumption.

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

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The countries with the highest volumes of olives production in 2020 were Kazakhstan (23K tonnes), Uzbekistan (13K tonnes) and Turkmenistan (6.8K tonnes), with a combined 82% share of total production.

What are the leading suppliers 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 65% of total exports. The second position in the ranking was occupied by Kazakhstan ($59K), with a 32% share of total exports.

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

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In value terms, Kazakhstan ($1.9M) constitutes the largest market for imported olives (prepared or preserved ) in Central Asia, comprising 48% of total imports. The second position in the ranking was occupied by Uzbekistan ($829K), with a 21% share of total imports. It was followed by Turkmenistan, with a 20% share.

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

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In 2020, the olives export price in Central Asia amounted to $1,641 per tonne, rising by 64% against the previous year.

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

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The olives import price in Central Asia stood at $1,587 per tonne in 2020, with an increase of 8.4% against the previous year.