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

Virgin Olive Oil Exports

Exports in Eastern Asia

In 2020, virgin olive oil exports in Eastern Asia declined to X tonnes, reducing by -X% on the previous year's figure. Over the period under review, exports continue to indicate a noticeable slump. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. Over the period under review, exports hit record highs at X tonnes in 2016; however, from 2017 to 2020, exports remained at a lower figure.

In value terms, virgin olive oil exports fell significantly to $X in 2020. Overall, exports recorded a pronounced downturn. The pace of growth was the most pronounced in 2014 when exports increased by X% y-o-y. As a result, exports reached the peak of $X. From 2015 to 2020, the growth exports failed to regain the momentum.

Exports by Country

In 2020, Japan (X tonnes), Hong Kong SAR (X tonnes), China (X tonnes) and South Korea (X tonnes) represented the major exporter of virgin olive oil in Eastern Asia, generating X% of total export.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by South Korea, while exports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) emerged as the largest virgin olive oil supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in Japan amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (+X% per year) and Hong Kong SAR (-X% per year).

Export Prices by Country

In 2020, the virgin olive oil export price in Eastern Asia amounted to $X per tonne, falling by -X% against the previous year. Export price indicated a perceptible expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 an increase of X% y-o-y. The level of export peaked at $X per tonne in 2019, and then declined in the following year.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Virgin Olive Oil Imports

Imports in Eastern Asia

In 2020, overseas purchases of virgin olive oil increased by X% to X tonnes, rising for the second year in a row after two years of decline. In general, imports recorded a remarkable increase. The growth pace was the most rapid in 2010 when imports increased by X% y-o-y. The volume of import peaked in 2020 and is expected to retain growth in years to come.

In value terms, virgin olive oil imports declined to $X in 2020. Over the period under review, imports showed a strong increase. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

Imports by Country

Japan was the major importer of virgin olive oil in Eastern Asia, with the volume of imports reaching X tonnes, which was near X% of total imports in 2020. It was distantly followed by China (X tonnes) and South Korea (X tonnes), together committing a X% share of total imports. Taiwan (Chinese) (X tonnes) and Hong Kong SAR (X tonnes) followed a long way behind the leaders.

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

In value terms, the largest virgin olive oil importing markets in Eastern Asia were Japan ($X), China ($X) and South Korea ($X), with a combined X% share of total imports. These countries were followed by Taiwan (Chinese) and Hong Kong SAR, which together accounted for a further X the main importing countries, Taiwan (Chinese) recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The virgin olive oil import price in Eastern Asia stood at $X per tonne in 2020, with a decrease of -X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% y-o-y. The level of import peaked at $X per tonne in 2017; however, from 2018 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Taiwan (Chinese) ($X per tonne), while Hong Kong SAR ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese), 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 virgin olive oil in Eastern Asia?
+
The countries with the highest volumes of virgin olive oil consumption in 2020 were Japan (54K tonnes), China (35K tonnes) and South Korea (18K tonnes), together comprising 94% of total consumption. Taiwan (Chinese) and Hong Kong SAR lagged somewhat behind, together comprising a further 5.8%.
What are the leading exporters of virgin olive oil in Eastern Asia?
+
In value terms, Japan ($833K) emerged as the largest virgin olive oil supplier in Eastern Asia, comprising 41% of total exports. The second position in the ranking was occupied by South Korea ($400K), with a 20% share of total exports. It was followed by Hong Kong SAR, with a 20% share.
What are the leading importers of virgin olive oil in Eastern Asia?
+
In value terms, Japan ($235M), China ($125M) and South Korea ($71M) appeared to be the countries with the highest levels of imports in 2020, together comprising 93% of total imports. Taiwan (Chinese) and Hong Kong SAR lagged somewhat behind, together accounting for a further 6.8%.
What is the average export price for virgin olive oil in Eastern Asia?
+
In 2020, the virgin olive oil export price in Eastern Asia amounted to $5,101 per tonne, falling by -12.3% against the previous year.
What is the average import price for virgin olive oil in Eastern Asia?
+
In 2020, the virgin olive oil import price in Eastern Asia amounted to $4,039 per tonne, falling by -8.9% 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 Eastern 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 2025.


Country coverage:
• China, Macao SAR
• Democratic People's Republic of Korea
• Taiwan, Chinese

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Eastern Asia, split by region and country
• Trade (exports and imports) in Eastern Asia
• 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

• China
• China, Hong Kong SAR
• China, Macao SAR
• Japan
• South Korea
• Taiwan, Chinese
• Democratic People's Republic of Korea
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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