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

Ireland: Olive Market Overview 2020

Olive Market Size in Ireland

The revenue of the olive market in Ireland amounted to $X in 2018, jumping 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 resilient growth. The most prominent rate of growth was recorded in 2018 when the market value increased by X% year-to-year. In that year, the olive market attained its peak level and is likely to continue its growth in the immediate term.

Olive Exports

Exports from Ireland

In 2018, the amount of olives exported from Ireland amounted to X kg, flattening at the previous year. In general, olive exports continue to indicate a mild decline. The most prominent rate of growth was recorded in 2013 when exports decreased by -X% against the previous year. Over the period under review, olive exports attained their maximum at X kg in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, olive exports totaled $X in 2018. Over the period under review, olive exports continue to indicate strong growth. The pace of growth was the most pronounced in 2017 when exports increased by X% year-to-year. Over the period under review, olive exports attained their peak figure in 2018 and are expected to retain its growth in the near future.

Exports by Country

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

From 2007 to 2018, the average annual growth rate of volume to the UK stood at +X%.

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

From 2007 to 2018, 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 2018, going up by X% against the previous year. In general, the olive export price continues to indicate remarkable growth. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the average export prices for olives attained their peak figure in 2018 and is likely to see steady growth in the immediate term.

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

From 2007 to 2018, the rate of growth in terms of prices for the UK amounted to +X% per year.

Olive Imports

Imports into Ireland

In 2018, the amount of olives imported into Ireland stood at X tonnes, picking up by X% against the previous year. Overall, olive imports continue to indicate an extraordinary increase. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. In that year, olive imports attained their peak and are likely to continue its growth in the immediate term.

In value terms, olive imports totaled $X in 2018. Overall, olive imports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2018 when imports increased by X% year-to-year. In that year, olive imports reached their peak and are likely to continue its growth in the immediate term.

Imports by Country

In 2018, the Netherlands (X tonnes) constituted the largest olive supplier to Ireland, with a X% share of total imports. Moreover, olive imports from the Netherlands exceeded the figures recorded by the second-largest supplier, South Africa (X tonnes), fourfold. The UK (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from the Netherlands amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+X% per year) and the UK (+X% per year).

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

From 2007 to 2018, the average annual growth rate of value from the Netherlands amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+X% per year) and Greece (+X% per year).

Import Prices by Country

The average olive import price stood at $X per tonne in 2018, increasing by X% against the previous year. In general, the olive import price, however, continues to indicate a drastic contraction. The most prominent rate of growth was recorded in 2013 an increase of X% y-o-y. Over the period under review, the average import prices for olives attained their maximum at $X per tonne in 2007; however, from 2008 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was the UK ($X per tonne), while the price for South Africa ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the UK, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform