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CIS - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights
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CIS: Virgin Olive Oil Market Overview 2021

Virgin Olive Oil Market Size in CIS

The CIS virgin olive oil market expanded to $X in 2019, surging by X% against the previous year. Over the period under review, consumption recorded a buoyant increase. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2019, consumption stood at a somewhat lower figure.

Virgin Olive Oil Production in CIS

In value terms, virgin olive oil production skyrocketed to $X in 2019 estimated in export prices. Overall, production posted a buoyant expansion. The most prominent rate of growth was recorded in 2010 when the production volume increased by X% year-to-year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2019, production stood at a somewhat lower figure.

Production By Country in CIS

The country with the largest volume of virgin olive oil production was Azerbaijan (X tonnes), comprising approx. X% of total volume.

In Azerbaijan, virgin olive oil production increased at an average annual rate of +X% over the period from 2007-2019.

Virgin Olive Oil Exports

Exports in CIS

In 2019, shipments abroad of virgin olive oil decreased by -X% to X tonnes, falling for the third year in a row after two years of growth. Over the period under review, exports, however, saw a prominent increase. The growth pace was the most rapid in 2016 when exports increased by X% year-to-year. As a result, exports attained the peak of X tonnes. From 2017 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, virgin olive oil exports contracted markedly to $X in 2019. In general, exports, however, enjoyed pronounced growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% y-o-y. As a result, exports attained the peak of $X. From 2017 to 2019, the growth exports remained at a lower figure.

Exports by Country

In 2019, Belarus (X tonnes) represented the largest exporter of virgin olive oil, generating X% of total exports. Moldova (X tonnes) ranks second in terms of the total exports with a X% share, followed by Russia (X%).

Belarus was also the fastest-growing in terms of the virgin olive oil exports, with a CAGR of +X% from 2007 to 2019. At the same time, Moldova (+X%) displayed positive paces of growth. Russia experienced a relatively flat trend pattern. Belarus (+X p.p.) significantly strengthened its position in terms of the total exports, while Russia saw its share reduced by -X% from 2007 to 2019, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Moldova ($X), Belarus ($X) and Russia ($X) were the countries with the highest levels of exports in 2019, together comprising X% of total exports.

Moldova recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The virgin olive oil export price in the CIS stood at $X per tonne in 2019, reducing by -X% against the previous year. Overall, the export price showed a deep slump. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The level of export peaked at $X per tonne in 2008; however, from 2009 to 2019, export prices remained at a lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Russia, while the other leaders experienced a decline in the export price figures.

Virgin Olive Oil Imports

Imports in CIS

For the fourth consecutive year, the CIS recorded growth in overseas purchases of virgin olive oil, which increased by X% to X tonnes in 2019. Overall, imports showed a prominent increase. The pace of growth was the most pronounced in 2010 when imports increased by X% against the previous year. The volume of import peaked at X tonnes in 2014; however, from 2015 to 2019, imports stood at a somewhat lower figure.

In value terms, virgin olive oil imports contracted to $X in 2019. In general, imports enjoyed temperate growth. The pace of growth appeared the most rapid in 2010 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2019, imports stood at a somewhat lower figure.

Imports by Country

Russia prevails in virgin olive oil imports structure, resulting at X tonnes, which was near X% of total imports in 2019. Belarus (X tonnes) and Kazakhstan (X tonnes) took a relatively small share of total imports.

Imports into Russia increased at an average annual rate of +X% from 2007 to 2019. At the same time, Kazakhstan (+X%) and Belarus (+X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +X% from 2007-2019. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported virgin olive oil in the CIS, comprising X% of total imports. The second position in the ranking was occupied by Belarus ($X), with a X% share of total imports.

In Russia, virgin olive oil imports expanded at an average annual rate of +X% over the period from 2007-2019. In the other countries, the average annual rates were as follows: Belarus (+X% per year) and Kazakhstan (+X% per year).

Import Prices by Country

In 2019, the virgin olive oil import price in the CIS amounted to $X per tonne, falling by -X% against the previous year. Over the period under review, the import price continues to indicate a mild slump. The pace of growth was the most pronounced in 2013 an increase of X% year-to-year. The level of import peaked at $X per tonne in 2008; however, from 2009 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Belarus ($X per tonne), while Russia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Belarus, 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 virgin olive oil in the CIS?
+
The country with the largest volume of virgin olive oil consumption was Russia (20K tonnes), comprising approx. 88% of total volume. Moreover, virgin olive oil consumption in Russia exceeded the figures recorded by the second-largest consumer, Azerbaijan (1.1K tonnes), more than tenfold. Belarus (735 tonnes) ranked third in terms of total consumption with a 3.2% share.
What are the largest producers of virgin olive oil in the CIS?
+
Azerbaijan (949 tonnes) remains the largest virgin olive oil producing country in the CIS, comprising approx. 100% of total volume.
What are the leading suppliers of virgin olive oil in the CIS?
+
In value terms, the largest virgin olive oil supplying countries in the CIS were Moldova ($103K), Belarus ($92K) and Russia ($16K), together accounting for 96% of total exports.
What are the leading importers of virgin olive oil in the CIS?
+
In value terms, Russia ($64M) constitutes the largest market for imported virgin olive oil in the CIS, comprising 88% of total imports. The second position in the ranking was occupied by Belarus ($3.8M), with a 5.2% share of total imports.
What is the average export price for virgin olive oil in the CIS?
+
In 2019, the virgin olive oil export price in the CIS amounted to $2,520 per tonne, dropping by -33.2% against the previous year.
What is the average import price for virgin olive oil in the CIS?
+
The virgin olive oil import price in the CIS stood at $3,333 per tonne in 2019, with a decrease of -13.2% against the previous year.

Product coverage:
• FCL 261 - Oil of Olives, Virgin

This report provides an in-depth analysis of the virgin olive oil market in CIS. 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 2025.


Country coverage:
• Armenia
• Kyrgyzstan
• Moldova
• Tajikistan

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in CIS, split by region and country
• Trade (exports and imports) in CIS
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Armenia
• Azerbaijan
• Belarus
• Kazakhstan
• Kyrgyzstan
• Moldova
• Russia
• Tajikistan
• Uzbekistan
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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