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, rising 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). In general, olive consumption continues to indicate an outstanding growth. The pace of growth was the most pronounced in 2013, when it surged by X% against the previous year. The olive consumption peaked in 2017, and is likely to see steady growth in the immediate term.

Olive Exports from Ireland

In 2017, the amount of olives exported from Ireland stood at X kg, lowering by -X% against the previous year. Overall, olive exports continue to indicate a dramatic descent. The pace of growth was the most pronounced in 2015, when exports increased by -X% year-to-year. The exports peaked of X tonnes in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

In value terms, olive exports totaled $X in 2017. Overall, olive exports continue to indicate a precipitous deduction. The exports peaked of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Olive Exports by Country from Ireland

The Netherlands (X kg) was the main destination of olive exports from Ireland, with a X% share of total exports. Moreover, olive exports to the Netherlands exceeded the volume sent to the second major destination, the UK (X kg), twofold.

From 2012 to 2017, the average annual growth rate of volume to the Netherlands amounted to -X%.

In value terms, the Netherlands ($X) remains the key foreign market for olive exports from Ireland, making up X% of total olive exports. The second position in the ranking was occupied by the UK ($X), with a X% share of total exports.

From 2012 to 2017, the average annual growth rate of value to the Netherlands amounted to -X%.

Olive Export Prices by Country in Ireland

In 2017, the average olive export price amounted to $X per tonne, leveling off at the previous year. In general, olive export price continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices for olives attained its maximum level of $X per tonne in 2012; afterwards, it flattened through to 2017.

Average export prices varied noticeably for the major foreign markets. In 2017, the highest prices were recorded for export prices to the Netherlands ($X per tonne) and the UK ($X per tonne), while average price for exports to the UK ($X per tonne) and the Netherlands ($X per tonne) were amongst the lowest.

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

Olive Imports into Ireland

Olive imports into Ireland amounted to X tonnes in 2017, jumping by X% against the previous year. Overall, the total imports indicated a remarkable increase 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, with an increase of 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 expansion. The imports peaked in 2017, and are likely to continue its growth in the immediate term.

Olive Imports by Country into Ireland

In 2017, the UK (X tonnes) constituted the largest supplier of olive to Ireland, with a X% share of total imports. Moreover, olive imports from the UK exceeded the figures recorded by the second largest supplier, Greece (X tonnes), twofold. The third position in this ranking was occupied by South Africa (X tonnes), with a X% share.

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

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

Olive Import Prices by Country in Ireland

The average olive import price stood at $X per tonne in 2017, standing approx. at the previous year. In general, the import price indicated a strong growth 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 growth pace was the most rapid in 2013, when it surged by X% y-o-y. The import price peaked 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 ($X per tonne), while prices for olive imports from Greece ($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 Netherlands (+X% per year), the import prices for other major suppliers experienced more modest paces of growth.