Latin America and the Caribbean: Preserved Olive Market 2024

Preserved Olive Market Size in Latin America and the Caribbean

The Latin American preserved olive market totaled $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Preserved Olive Production in Latin America and the Caribbean

In value terms, preserved olive production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Preserved Olive Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of olives prepared or preserved increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, preserved olive exports surged to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Argentina (X tons) represented the major exporter of olives prepared or preserved, comprising X% of total exports. It was distantly followed by Peru (X tons), committing a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of X%).

In value terms, the largest preserved olive supplying countries in Latin America and the Caribbean were Argentina ($X) and Peru ($X).

Peru, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, growing by 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, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while Peru amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%).

Preserved Olive Imports

Imports in Latin America and the Caribbean

In 2022, approx. X tons of olives prepared or preserved were imported in Latin America and the Caribbean; growing by X% against the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, preserved olive imports reached $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

In 2022, Brazil (X tons) was the key importer of olives prepared or preserved, creating X% of total imports. Mexico (X tons) ranks second in terms of the total imports with an X% share, followed by Chile (X%). Venezuela (X tons) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to preserved olive imports into Brazil stood at X%. At the same time, Chile (X%) and Mexico (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Venezuela (X%) illustrated a downward trend over the same period. Mexico (X p.p.) and Chile (X p.p.) significantly strengthened its position in terms of the total imports, while Venezuela and Brazil saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Brazil ($X) constitutes the largest market for imported olives prepared or preserved in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Mexico ($X), with a X% share of total imports. It was followed by Chile, with a X% share.

In Brazil, preserved olive imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Chile (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Chile ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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