Eastern Asia: Preserved Olive Market 2024

Preserved Olive Market Size in Eastern Asia

In 2022, the East Asian preserved olive market increased by X% to $X, rising for the third year in a row after two years of decline. The total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. Over the period under review, the market reached the maximum level in 2022 and is likely to see gradual growth in the immediate term.

Preserved Olive Production in Eastern Asia

In value terms, preserved olive production stood at $X in 2022 estimated in export price. Over the period under review, production enjoyed buoyant growth. The pace of growth appeared the most rapid in 2015 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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

Preserved Olive Exports

Exports in Eastern Asia

In 2022, overseas shipments of olives prepared or preserved increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, preserved olive exports contracted to $X in 2022. Over the period under review, exports, however, saw a abrupt slump. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Hong Kong SAR (X tons) was the largest exporter of olives prepared or preserved, constituting X% of total exports. Japan (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Macao SAR (X%) and China (X%). The following exporters - Taiwan (Chinese) (X tons) and South Korea (X tons) - each reached a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to preserved olive exports from Hong Kong SAR stood at X%. At the same time, Macao SAR (X%), South Korea (X%), Japan (X%) and China (X%) displayed positive paces of growth. Moreover, Macao SAR emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Taiwan (Chinese) (X%) illustrated a downward trend over the same period. While the share of Japan (X p.p.), Macao SAR (X p.p.), China (X p.p.) and South Korea (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Hong Kong SAR (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X) remains the largest preserved olive supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by Macao SAR, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Hong Kong SAR amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (X% per year) and Macao SAR (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the export price, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2013 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Macao SAR ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

Preserved Olive Imports

Imports in Eastern Asia

Preserved olive imports rose remarkably to X tons in 2022, picking up by X% against the previous year's figure. Total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2013 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, preserved olive imports reached $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

South Korea represented the major importer of olives prepared or preserved in Eastern Asia, with the volume of imports finishing at X tons, which was near X% of total imports in 2022. Japan (X tons) took the second position in the ranking, distantly followed by China (X tons) and Taiwan (Chinese) (X tons). All these countries together held near X% share of total imports. Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to preserved olive imports into South Korea stood at X%. At the same time, Taiwan (Chinese) (X%) and China (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. Japan experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Korea and Taiwan (Chinese) increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest preserved olive importing markets in Eastern Asia were South Korea ($X), Japan ($X) and China ($X), with a combined X% share of total imports.

South Korea, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, declining by X% against the previous year. Overall, the import price recorded a slight shrinkage. The pace of growth appeared the most rapid in 2016 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :