Ireland: Olive Market Overview 2021

Olive Market Size in Ireland

The Irish olive market surged to $X in 2019, 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). In general, consumption posted a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Olive Exports

Exports from Ireland

In 2019, shipments abroad of olives increased by X% to X tonnes, rising for the second year in a row after five years of decline. Overall, exports, however, continue to indicate a slight descent. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. Exports peaked at X tonnes in 2012; however, from 2013 to 2019, exports failed to regain the momentum.

In value terms, olive exports skyrocketed to $X in 2019. Over the period under review, exports, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Over the period under review, exports attained the peak figure at $X in 2012; however, from 2013 to 2019, exports stood at a somewhat lower figure.

Exports by Country

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

From 2012 to 2019, the average annual rate of growth in terms of volume to the UK totaled +X%.

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

From 2012 to 2019, 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 2019, with an increase of X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. Over the period under review, average export prices attained the maximum at $X per tonne in 2014; however, from 2015 to 2019, export prices failed to regain the momentum.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was the Netherlands ($X per tonne), while the average price for exports to the UK amounted to $X per tonne.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the UK.

Olive Imports

Imports into Ireland

Olive imports into Ireland soared to X tonnes in 2019, picking up by X% against the previous year. In general, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, olive imports soared to $X in 2019. Over the period under review, imports saw a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Imports peaked in 2019 and are expected to retain growth in years to come.

Imports by Country

Greece (X tonnes), the Netherlands (X tonnes) and India (X tonnes) were the main suppliers of olive imports to Ireland, together accounting for X% of total imports.

From 2012 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Greece (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest olive suppliers to Ireland were the Netherlands ($X), Greece ($X) and the UK ($X), with a combined X% share of total imports.

Greece (+X% per year) recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average olive import price stood at $X per tonne in 2019, reducing by -X% against the previous year. Over the last seven-year period, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2014 an increase of X% year-to-year. The import price peaked at $X per tonne in 2018, and then declined in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was the UK ($X per tonne), while the price for India ($X per tonne) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for olives in the world?

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The country with the largest volume of olive consumption was Spain (6M tonnes), comprising approx. 31% of total volume. Moreover, olive consumption in Spain exceeded the figures recorded by the second-largest consumer, Italy (2.2M tonnes), threefold. The third position in this ranking was occupied by Morocco (1.9M tonnes), with a 9.8% share.

What are the largest producers of olives in the world?

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Spain (6M tonnes) constituted the country with the largest volume of olive production, comprising approx. 31% of total volume. Moreover, olive production in Spain exceeded the figures recorded by the second-largest producer, Italy (2.2M tonnes), threefold. Morocco (1.9M tonnes) ranked third in terms of total production with a 9.8% share.

What are the leading suppliers of olives to Ireland?

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In value terms, the Netherlands ($904K), Greece ($806K) and the UK ($137K) appeared to be the largest olive suppliers to Ireland, together accounting for 92% of total imports.

What are the leading importers of olives from Ireland?

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In value terms, the UK ($6.6K) remains the key foreign market for olive exports from Ireland, comprising 80% of total exports. The second position in the ranking was occupied by the Netherlands ($1.7K), with a 20% share of total exports.

What is the average export price for olives in Ireland?

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In 2019, the average olive export price amounted to $4,148 per tonne, increasing by 23% against the previous year.

What is the average import price for olives in Ireland?

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In 2019, the average olive import price amounted to $4,159 per tonne, waning by -14.7% against the previous year.