Ireland - Olives - Market Analysis, Forecast, Size, Trends and Insights

Ireland: Olive Market Overview 2019

Olive Market Size in Ireland

The revenue of the olive market in Ireland amounted to $X in 2017, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, olive consumption continues to indicate an outstanding growth. The most prominent rate of growth was recorded in 2013, when it surged by X% y-o-y. Over the period under review, the olive market attained its maximum level in 2017, and is likely to see steady growth in the immediate term.

Olive Exports

Exports from Ireland

In 2017, the amount of olives exported from Ireland stood at X tonnes, picking up by X% against the previous year. Overall, the total exports indicated a strong expansion from 2012 to 2017: its volume increased at an average annual rate of +X% over the last five years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the olive exports increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2017, with an increase of X% against the previous year. In that year, the olive exports reached their peak volume, and are likely to continue its growth in the immediate term.

In value terms, olive exports totaled $X in 2017. The total export value increased an average annual rate of +X% from 2012 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. In that year, the olive exports attained their peak level, and are likely to continue its growth in the immediate term.

Exports by Country

The UK (X kg) was the main destination of olive exports from Ireland, accounting for approx. X% share of total exports.

From 2012 to 2017, the average annual rate of growth in terms of volume to the UK totaled +X%.

In value terms, the UK ($X) also remains the key foreign market for olive exports from Ireland.

From 2012 to 2017, the average annual rate of growth in terms of value to the UK stood at +X%.

Export Prices by Country

The average olive export price stood at $X per tonne in 2017, waning by -X% against the previous year. Overall, olive export price continues to indicate a deep curtailment. The pace of growth appeared the most rapid in 2015, when it surged by -X% y-o-y. Over the period under review, the average export prices for olives reached its peak figure level of $X per tonne in 2012; however, from 2013 to 2017, it failed to regain its momentum.

As there is only one major export destination, the average price level is determined by export prices for the UK.

From 2012 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to the UK (-X% per year).

Olive Imports

Imports into Ireland

Olive imports into Ireland totaled X tonnes in 2017, rising by X% against the previous year. Overall, the total imports indicated a strong expansion from 2012 to 2017: its volume increased at an average annual rate of +X% over the last five years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the olive imports decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2015, when imports increased by X% against the previous year. In that year, the olive imports reached their peak volume of X tonnes. From 2016 to 2017, growth of the olive imports stood at a somewhat lower level.

In value terms, olive imports amounted to $X in 2017. In general, olive imports continue to indicate an outstanding growth. Over the period under review, the olive imports reached its maximum level in 2017, and are expected to retain its growth in the immediate term.

Imports by Country

The UK (X tonnes), South Africa (X tonnes) and Greece (X tonnes) were the main suppliers of olive imports to Ireland, together accounting for X% of total imports.

From 2012 to 2017, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by South Africa (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constituted the largest supplier of olive to Ireland, making up X% of total olive imports. The second position in the ranking was occupied by Greece ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2017, the average annual rate of growth in terms of value from the UK amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

The average olive import price stood at $X per tonne in 2017, flattening at the previous year. Overall, the import price indicated a remarkable expansion from 2012 to 2017: its price increased at an average annual rate of +X% over the last five year period. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the olive import price increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2013, when the average import price increased by X% year-to-year. Over the period under review, the average import prices for olives attained its peak figure level of $X per tonne in 2016, leveling off in the following year.

There were significant differences in the average import prices amongst the major supplying countries. In 2017, the country with the highest import price was the Netherlands ($X per tonne), while price for South Africa ($X per tonne) was amongst the lowest.

From 2012 to 2017, the most notable rate of growth in terms of import prices was attained by the UK (+X% per year), the import prices for other major suppliers experienced more modest paces of growth.