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Latin America and the Caribbean - Olives - Market Analysis, Forecast, Size, Trends and Insights
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Latin America and the Caribbean: Olive Market Overview 2021

Olive Market Size in Latin America and the Caribbean

In 2020, the Latin American olive market increased by X% to $X, rising for the fourth consecutive year after two years of decline. Over the period under review, consumption showed a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. The level of consumption peaked in 2020 and is likely to see steady growth in the immediate term.

Olive Production in Latin America and the Caribbean

In value terms, olive production surged to $X in 2020 estimated in export prices. In general, production continues to indicate resilient growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

The countries with the highest volumes of olive production in 2020 were Argentina (X tonnes), Peru (X tonnes) and Chile (X tonnes), with a combined X% share of total production. These countries were followed by Mexico, Uruguay and El Salvador, which together accounted for a further X 2012 to 2020, the most notable rate of growth in terms of olive production, amongst the leading producing countries, was attained by Uruguay, while olive production for the other leaders experienced more modest paces of growth.

In 2020, the average olive yield in Latin America and the Caribbean was estimated at X tonnes per ha, approximately mirroring 2019 figures. The yield figure increased at an average annual rate of +X% over the period from 2012 to 2020; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the yield increased by X% against the previous year. The level of yield peaked in 2020 and is expected to retain growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, approx. X ha of olives were harvested in Latin America and the Caribbean; with an increase of X% compared with the year before. The total harvested area indicated a buoyant expansion from 2012 to 2020: its figure increased at an average annual rate of +X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, olive harvested area decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2014 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to olive production attained the maximum at X ha in 2017; however, from 2018 to 2020, the harvested area failed to regain the momentum.

Production By Country in Latin America and the Caribbean

The countries with the highest volumes of olive production in 2020 were Argentina (X tonnes), Peru (X tonnes) and Chile (X tonnes), with a combined X% share of total production. These countries were followed by Mexico, Uruguay and El Salvador, which together accounted for a further X 2012 to 2020, the most notable rate of growth in terms of olive production, amongst the key producing countries, was attained by Uruguay, while olive production for the other leaders experienced more modest paces of growth.

Olive Exports

Exports in Latin America and the Caribbean

In 2020, the amount of olives exported in Latin America and the Caribbean rose notably to X tonnes, growing by X% against 2019 figures. Overall, exports, however, continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2016 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at X tonnes in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

In value terms, olive exports surged to $X in 2020. In general, exports, however, recorded a deep contraction. The pace of growth was the most pronounced in 2019 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum at $X in 2012; however, from 2013 to 2020, exports remained at a lower figure.

Exports by Country

The biggest shipments were from Mexico (X tonnes), together finishing at X% of total export.

Mexico was also the fastest-growing in terms of the olives exports, with a CAGR of -X% from 2012 to 2020. While the share of Mexico (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) also remains the largest olive supplier in Latin America and the Caribbean.

From 2012 to 2020, the average annual rate of growth in terms of value in Mexico totaled -X%.

Export Prices by Country

The olive export price in Latin America and the Caribbean stood at $X per tonne in 2020, rising by X% against the previous year. Over the period from 2012 to 2020, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2019 an increase of X% y-o-y. The level of export peaked in 2020 and is expected to retain growth in the near future.

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

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

Olive Imports

Imports in Latin America and the Caribbean

In 2020, approx. X tonnes of olives were imported in Latin America and the Caribbean; growing by X% compared with the year before. Overall, imports recorded a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, olive imports surged to $X in 2020. Total imports indicated resilient growth from 2012 to 2020: its value increased at an average annual rate of +X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Antigua and Barbuda (X tonnes), Suriname (X tonnes), Belize (X tonnes), British Virgin Islands (X tonnes), Cayman Islands (X tonnes), Uruguay (X tonnes), Trinidad and Tobago (X tonnes) and Ecuador (X tonnes) represented roughly X% of total imports of olives in 2020. It was followed by Venezuela (X tonnes), creating a X% share of total imports. Cuba (X tonnes), Panama (X tonnes), Brazil (X tonnes) and Colombia (X tonnes) occupied a relatively small share of total imports.

From 2012 to 2020, the biggest increases were in Cayman Islands (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ecuador ($X), Panama ($X) and Cuba ($X) were the countries with the highest levels of imports in 2020, together accounting for X% of total imports. These countries were followed by Suriname, Cayman Islands, Colombia, Trinidad and Tobago, Antigua and Barbuda, Belize, Uruguay, British Virgin Islands, Venezuela and Brazil, which together accounted for a further X Islands (+X% per year) recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the olive import price in Latin America and the Caribbean amounted to $X per tonne, shrinking by -X% against the previous year. Overall, the import price continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2015 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per tonne. from 2016 to 2020, the growth in terms of the import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Panama ($X per tonne), while Antigua and Barbuda ($X per tonne) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for olives in LatAmerica and the Caribbean?
+
The countries with the highest volumes of olive consumption in 2020 were Argentina (343K tonnes), Peru (213K tonnes) and Chile (140K tonnes), with a combined 92% share of total consumption. Uruguay, Mexico and El Salvador lagged somewhat behind, together comprising a further 8.1%.
What are the largest producers of olives in LatAmerica and the Caribbean?
+
The countries with the highest volumes of olive production in 2020 were Argentina (343K tonnes), Peru (213K tonnes) and Chile (140K tonnes), together accounting for 91% of total production. Mexico, Uruguay and El Salvador lagged somewhat behind, together accounting for a further 8.6%.
What are the leading exporters of olives in LatAmerica and the Caribbean?
+
In value terms, Mexico ($3.9M) remains the largest olive supplier in Latin America and the Caribbean.
What are the leading importers of olives in LatAmerica and the Caribbean?
+
In value terms, Ecuador ($102K), Panama ($79K) and Cuba ($45K) constituted the countries with the highest levels of imports in 2020, together accounting for 27% of total imports. These countries were followed by Suriname, Cayman Islands, Colombia, Trinidad and Tobago, Antigua and Barbuda, Belize, Uruguay, British Virgin Islands, Venezuela and Brazil, which together accounted for a further 51%.
What is the average export price for olives in LatAmerica and the Caribbean?
+
In 2020, the olive export price in Latin America and the Caribbean amounted to $1,018 per tonne, picking up by 7.9% against the previous year.
What is the average import price for olives in LatAmerica and the Caribbean?
+
The olive import price in Latin America and the Caribbean stood at $1,341 per tonne in 2020, declining by -41% against the previous year.

Product coverage:
• FCL 260 - Olives

This report provides an in-depth analysis of the olive market in Latin America and the Caribbean. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Anguilla
• Antigua and Barbuda
• Aruba
• Bahamas
• Barbados
• Belize
• Bolivia
• British Virgin Islands
• Cayman Islands
• Costa Rica
• Curacao
• Dominica
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Saint Kitts and Nevis
• Saint Lucia
• Saint Maarten (Dutch part)
• Saint Vincent and the Grenadines
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Latin America and the Caribbean, split by region and country
• Trade (exports and imports) in Latin America and the Caribbean
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Anguilla
• Antigua and Barbuda
• Argentina
• Aruba
• Bahamas
• Barbados
• Belize
• Bolivia
• Brazil
• British Virgin Islands
• Cayman Islands
• Chile
• Colombia
• Costa Rica
• Cuba
• Curacao
• Dominica
• Dominican Republic
• Ecuador
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Mexico
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Peru
• Saint Kitts and Nevis
• Saint Lucia
• Saint Vincent and the Grenadines
• Saint Maarten (Dutch part)
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands
• Uruguay
• Venezuela
• Puerto Rico
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Harvested Area, By Country, 2007–2020
Table 7:
Yield, By Country, 2007–2020
Table 8:
Imports, In Physical Terms, By Country, 2007–2020
Table 9:
Imports, In Value Terms, By Country, 2007–2020
Table 10:
Import Prices, By Country Of Destination, 2007–2020
Table 11:
Exports, In Physical Terms, By Country, 2007–2020
Table 12:
Exports, In Value Terms, By Country, 2007–2020
Table 13:
Export Prices, By Country Of Origin, 2007–2020
Table 14:
Producer Prices, By Major Producing Country, 2020
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2020
Figure 18:
Production, In Value Terms, 2007–2020
Figure 19:
Area Harvested, 2007–2020
Figure 20:
Yield, 2007–2020
Figure 21:
Production, By Country, 2020
Figure 22:
Production, In Physical Terms, By Country, 2007–2020
Figure 23:
Harvested Area, By Country, 2020
Figure 24:
Harvested Area, By Country, 2007–2020
Figure 25:
Yield, By Country, 2007–2020
Figure 26:
Imports, In Physical Terms, 2007–2020
Figure 27:
Imports, In Value Terms, 2007–2020
Figure 28:
Imports, In Physical Terms, By Country, 2020
Figure 29:
Imports, In Physical Terms, By Country, 2007–2020
Figure 30:
Imports, In Value Terms, By Country, 2007–2020
Figure 31:
Import Prices, By Country, 2007–2020
Figure 32:
Exports, In Physical Terms, 2007–2020
Figure 33:
Exports, In Value Terms, 2007–2020
Figure 34:
Exports, In Physical Terms, By Country, 2020
Figure 35:
Exports, In Physical Terms, By Country, 2007–2020
Figure 36:
Exports, In Value Terms, By Country, 2007–2020
Figure 37:
Export Prices, 2007–2020
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