Israel: Olive Market 2024

Olive Market Size in Israel

The Israeli olive market fell to $X in 2022, remaining constant against the previous year. Over the period under review, consumption posted a measured expansion. Olive consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Olive Production in Israel

In value terms, olive production fell to $X in 2022 estimated in export price. Overall, production continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of olives in Israel dropped slightly to X tons per ha, approximately equating the year before. Over the period under review, the yield indicated tangible growth from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, olive yield decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, the yield reached the peak level of X tons per ha. From 2020 to 2022, the growth of the average olive yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The olive harvested area in Israel reached X ha in 2022, growing by X% against the year before. Over the period under review, the harvested area, however, saw a relatively flat trend pattern. Over the period under review, the harvested area dedicated to olive production attained the maximum at X ha in 2020; however, from 2021 to 2022, the harvested area stood at a somewhat lower figure.

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Olive Exports

Exports from Israel

In 2022, shipments abroad of olives decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, olive exports fell to $X in 2022. In general, exports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Palestine (X tons) was the main destination for olive exports from Israel, with a X% share of total exports. Moreover, olive exports to Palestine exceeded the volume sent to the second major destination, Iceland (X kg), more than tenfold. Austria (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Palestine stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (X% per year) and Austria (X% per year).

In value terms, Palestine ($X) remains the key foreign market for olives exports from Israel, comprising X% of total exports. The second position in the ranking was held by Iceland ($X), with a X% share of total exports. It was followed by Austria, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Palestine stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (X% per year) and Austria (X% per year).

Export Prices by Country

In 2022, the average olive export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, olive export price decreased by X% against 2015 indices. The growth pace was the most rapid in 2013 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Germany ($X per ton) and Austria ($X per ton), while the average price for exports to Iceland ($X per ton) and Palestine ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iceland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Olive Imports

Imports into Israel

In 2022, the amount of olives imported into Israel contracted notably to X tons, declining by X% on the year before. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, olive imports fell sharply to $X in 2022. In general, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Jordan (X tons) was the main supplier of olive to Israel, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Jordan was relatively modest.

In value terms, Jordan ($X) constituted the largest supplier of olives to Israel.

From 2012 to 2022, the average annual rate of growth in terms of value from Jordan stood at X%.

Import Prices by Country

In 2022, the average olive import price amounted to $X per ton, picking up by X% against the previous year. In general, the import price posted a buoyant expansion. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for Jordan.

From 2012 to 2022, the rate of growth in terms of prices for Jordan amounted to X% per year.

Source: IndexBox Platform

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