Ireland: Olive Market Overview 2021

Olive Market Size in Ireland

In 2020, after three years of growth, there was significant decline in the Irish olive market, when its value decreased by -X% to $X. Over the period under review, consumption, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2019 when the market value increased by X% year-to-year. As a result, consumption reached the peak level of $X, and then fell in the following year.

Olive Exports

Exports from Ireland

In 2020, exports of olives from Ireland dropped to X tonnes, declining by -X% against the previous year. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2019 when exports increased by X% y-o-y. As a result, exports attained the peak of X tonnes, and then contracted in the following year.

In value terms, olive exports fell to $X in 2020. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, exports reached the peak of $X, and then reduced in the following year.

Exports by Country

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

From 2012 to 2020, the average annual growth rate 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 2020, the average annual growth rate of value to the UK amounted to +X%.

Export Prices by Country

The average olive export price stood at $X per tonne in 2020, growing by X% against the previous year. Overall, the export price enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. As a result, export price reached the peak level of $X per tonne. from 2019 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

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

From 2012 to 2020, the rate of growth in terms of prices for the UK amounted to +X% per year.

Olive Imports

Imports into Ireland

In 2020, after three years of growth, there was significant decline in overseas purchases of olives, when their volume decreased by -X% to X tonnes. Over the period under review, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2019 when imports increased by X% year-to-year. As a result, imports attained the peak of X tonnes, and then shrank in the following year.

In value terms, olive imports shrank to $X in 2020. Overall, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Over the period under review, imports reached the maximum at $X in 2019, and then reduced in the following year.

Imports by Country

In 2020, Greece (X tonnes) constituted the largest olive supplier to Ireland, accounting for a X% share of total imports. Moreover, olive imports from Greece exceeded the figures recorded by the second-largest supplier, the Netherlands (X tonnes), fourfold. The UK (X tonnes) ranked third in terms of total imports with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume from Greece amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and the UK (+X% per year).

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

From 2012 to 2020, the average annual rate of growth in terms of value from Greece totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and the UK (+X% per year).

Import Prices by Country

The average olive import price stood at $X per tonne in 2020, dropping by -X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% y-o-y. Over the period under review, average import prices reached the peak figure at $X per tonne in 2018; however, from 2019 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the Netherlands ($X per tonne), while the price for the UK ($X per tonne) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform