Greece: Olive Market 2024

Olive Market Size in Greece

The Greek olive market rose modestly to $X in 2022, surging by X% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Olive consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Olive Production in Greece

In value terms, olive production totaled $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Olive production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The average yield of olives in Greece dropped slightly to X tons per ha in 2022, which is down by X% against 2021 figures. The yield figure 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 pace of growth appeared the most rapid in 2014 when the yield increased by X%. The olive yield peaked at X tons per ha in 2021, and then contracted slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of olives were harvested in Greece; picking up by X% compared with 2021 figures. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the harvested area dedicated to olive production reached the maximum at X ha in 2020; however, from 2021 to 2022, the harvested area failed to regain momentum.

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Olive Exports

Exports from Greece

In 2022, shipments abroad of olives decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a abrupt slump. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, olive exports declined remarkably to $X in 2022. In general, exports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2019 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X tons) was the main destination for olive exports from Greece, with a X% share of total exports. It was followed by Germany (X tons), with a X% share of total exports. Romania (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Italy totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Romania (X% per year).

In value terms, Italy ($X) remains the key foreign market for olives exports from Greece, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by Romania, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Romania (X% per year).

Export Prices by Country

The average olive export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price, however, recorded a noticeable slump. The pace of growth appeared the most rapid in 2013 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Olive Imports

Imports into Greece

Olive imports into Greece skyrocketed to X tons in 2022, growing by X% compared with 2021 figures. Over the period under review, imports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, olive imports surged to $X in 2022. In general, imports enjoyed resilient growth. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Albania (X tons) constituted the largest supplier of olive to Greece, with a X% share of total imports. Moreover, olive imports from Albania exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), more than tenfold. The third position in this ranking was taken by Spain (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Albania stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Spain (X% per year).

In value terms, Albania ($X) constituted the largest supplier of olives to Greece, comprising X% of total imports. The second position in the ranking was taken by Spain ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Albania stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2022, the average olive import price amounted to $X per ton, dropping by X% against the previous year. In general, the import price showed a perceptible curtailment. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton, and then shrank remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bulgaria ($X per ton), while the price for Albania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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