
Central Asia - Olives (Prepared or Preserved ) - Market Analysis, Forecast, Size, Trends and Insights
Central Asia: Preserved Olive Market 2022
Preserved Olive Market Size in Central Asia
In 2021, the Central Asian preserved olive market increased by 2.3% to $X, rising for the second year in a row after two years of decline. The total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +5.4% against 2019 indices. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.
Preserved Olive Production in Central Asia
In value terms, preserved olive production contracted slightly to $X in 2021 estimated in export price. The total production indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +3.8% against 2019 indices. The growth pace was the most rapid in 2016 when the production volume increased by 56%. The level of production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.
Preserved Olive Exports
Exports in Central Asia
In 2021, overseas shipments of olives prepared or preserved decreased by -2.4% to X tons for the first time since 2017, thus ending a three-year rising trend. In general, exports continue to indicate a perceptible slump. The pace of growth appeared the most rapid in 2018 when exports increased by 272%. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.
In value terms, preserved olive exports reduced dramatically to $X in 2021. Over the period under review, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of 186%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.
Exports by Country
In 2021, Uzbekistan (X tons) represented the key exporter of olives prepared or preserved, generating 85% of total exports. It was distantly followed by Kazakhstan (X tons), generating a 15% share of total exports.
From 2012 to 2021, average annual rates of growth with regard to preserved olive exports from Uzbekistan stood at -5.2%. At the same time, Kazakhstan (+34.9%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +34.9% from 2012-2021. Kazakhstan (+14 p.p.) significantly strengthened its position in terms of the total exports, while Uzbekistan saw its share reduced by -14.5% from 2012 to 2021, respectively.
In value terms, Uzbekistan ($X) remains the largest preserved olive supplier in Central Asia, comprising 85% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 15% share of total exports.
From 2012 to 2021, the average annual rate of growth in terms of value in Uzbekistan totaled -16.7%.
Export Prices by Country
In 2021, the export price in Central Asia amounted to $X per ton, dropping by -25.3% against the previous year. Over the period under review, the export price showed a abrupt contraction. The growth pace was the most rapid in 2020 when the export price increased by 98% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Uzbekistan ($X per ton), while Kazakhstan totaled $X per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+1.1%).
Preserved Olive Imports
Imports in Central Asia
Preserved olive imports soared to X tons in 2021, jumping by 23% compared with 2020. Total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +68.4% against 2015 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 28% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.
In value terms, preserved olive imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 25%. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.
Imports by Country
Kazakhstan represented the main importing country with an import of around X tons, which accounted for 54% of total imports. Uzbekistan (X tons) held the second position in the ranking, distantly followed by Turkmenistan (X tons) and Kyrgyzstan (X tons). All these countries together held near 43% share of total imports. Mongolia (X tons) followed a long way behind the leaders.
From 2012 to 2021, the biggest increases were in Uzbekistan (with a CAGR of +16.7%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Kazakhstan ($X) constitutes the largest market for imported olives prepared or preserved in Central Asia, comprising 58% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a 24% share of total imports. It was followed by Turkmenistan, with an 8% share.
In Kazakhstan, preserved olive imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (+12.5% per year) and Turkmenistan (-0.1% per year).
Import Prices by Country
The import price in Central Asia stood at $X per ton in 2021, shrinking by -5.5% against the previous year. Over the period under review, the import price saw a pronounced slump. The pace of growth was the most pronounced in 2014 when the import price increased by 8.7% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the import prices remained at a lower figure.
Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Mongolia ($X per ton) and Turkmenistan ($X per ton), while Uzbekistan ($X per ton) and Kazakhstan ($X per ton) were amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkmenistan (-1.6%), while the other leaders experienced a decline in the import price figures.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the preserved olive market in Central Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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