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Middle East - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights
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Middle East: Virgin Olive Oil Market Overview 2021

Virgin Olive Oil Market Size in the Middle East

In 2020, the Middle Eastern virgin olive oil market was finally on the rise to reach $X for the first time since 2017, thus ending a two-year declining trend. In general, consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, the market hit record highs at $X in 2011; however, from 2012 to 2020, consumption remained at a lower figure.

Virgin Olive Oil Production in the Middle East

In value terms, virgin olive oil production expanded to $X in 2020 estimated in export prices. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2020, production growth remained at a somewhat lower figure.

Production By Country in the Middle East

The countries with the highest volumes of virgin olive oil production in 2020 were Turkey (X tonnes), Syrian Arab Republic (X tonnes) and Lebanon (X tonnes), with a combined X% share of total production.

From 2007 to 2020, the biggest increases were in Lebanon, while virgin olive oil production for the other leaders experienced more modest paces of growth.

Virgin Olive Oil Exports

Exports in the Middle East

In 2020, shipments abroad of virgin olive oil decreased by -X% to X tonnes for the first time since 2017, thus ending a two-year rising trend. In general, exports, however, showed perceptible growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum at X tonnes in 2019, and then reduced in the following year.

In value terms, virgin olive oil exports shrank to $X in 2020. Over the period under review, exports, however, enjoyed measured growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at $X in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

Exports by Country

Syrian Arab Republic represented the major exporter of virgin olive oil in the Middle East, with the volume of exports resulting at X tonnes, which was approx. X% of total exports in 2020. Palestine (X tonnes) took a X% share (based on tonnes) of total exports, which put it in second place, followed by Turkey (X%). Lebanon (X tonnes) took a minor share of total exports.

Exports from Syrian Arab Republic increased at an average annual rate of +X% from 2007 to 2020. At the same time, Palestine (+X%) and Lebanon (+X%) displayed positive paces of growth. Moreover, Palestine emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +X% from 2007-2020. By contrast, Turkey (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Syrian Arab Republic, Palestine and Lebanon increased by +X%, +X% and +X% percentage points, while Turkey (-X p.p.) saw their share reduced.

In value terms, Syrian Arab Republic ($X) remains the largest virgin olive oil supplier in the Middle East, comprising X% of total exports. The second position in the ranking was occupied by Palestine ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

In Syrian Arab Republic, virgin olive oil exports increased at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Palestine (+X% per year) and Turkey (-X% per year).

Export Prices by Country

The virgin olive oil export price in the Middle East stood at $X per tonne in 2020, dropping by -X% against the previous year. Overall, the export price saw a pronounced setback. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. As a result, export price attained the peak level of $X per tonne. From 2018 to 2020, the growth in terms of the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Palestine ($X per tonne), while Syrian Arab Republic ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Palestine, while the other leaders experienced mixed trends in the export price figures.

Virgin Olive Oil Imports

Imports in the Middle East

In 2020, purchases abroad of virgin olive oil decreased by -X% to X tonnes for the first time since 2017, thus ending a two-year rising trend. Total imports indicated a moderate increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. 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. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tonnes in 2019, and then dropped in the following year.

In value terms, virgin olive oil imports fell to $X in 2020. Overall, imports, however, showed moderate growth. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. The level of import peaked at $X in 2019, and then declined in the following year.

Imports by Country

In 2020, Saudi Arabia (X tonnes) represented the largest importer of virgin olive oil, comprising X% of total imports. Israel (X tonnes) ranks second in terms of the total imports with a X% share, followed by the United Arab Emirates (X%), Kuwait (X%) and Iran (X%). Oman (X tonnes) and Syrian Arab Republic (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Oman, while imports for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported virgin olive oil in the Middle East, comprising X% of total imports. The second position in the ranking was occupied by Israel ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

In Saudi Arabia, virgin olive oil imports increased at an average annual rate of +X% over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: Israel (+X% per year) and the United Arab Emirates (-X% per year).

Import Prices by Country

The virgin olive oil import price in the Middle East stood at $X per tonne in 2020, rising by X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008 when the import price increased by X% against the previous year. The level of import peaked at $X per tonne in 2018; however, from 2019 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Saudi Arabia ($X per tonne), while Iran ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Kuwait, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for virgin olive oil in the the Middle East?
+
The country with the largest volume of virgin olive oil consumption was Turkey (143K tonnes), accounting for 46% of total volume. Moreover, virgin olive oil consumption in Turkey exceeded the figures recorded by the second-largest consumer, Syrian Arab Republic (65K tonnes), twofold. Israel (28K tonnes) ranked third in terms of total consumption with a 8.9% share.
What are the largest producers of virgin olive oil in the the Middle East?
+
The countries with the highest volumes of virgin olive oil production in 2020 were Turkey (157K tonnes), Syrian Arab Republic (122K tonnes) and Lebanon (23K tonnes), together accounting for 83% of total production.
What are the leading suppliers of virgin olive oil in the the Middle East?
+
In value terms, Syrian Arab Republic ($122M) remains the largest virgin olive oil supplier in the Middle East, comprising 51% of total exports. The second position in the ranking was occupied by Palestine ($58M), with a 24% share of total exports. It was followed by Turkey, with a 18% share.
What are the leading importers of virgin olive oil in the the Middle East?
+
In value terms, Saudi Arabia ($79M) constitutes the largest market for imported virgin olive oil in the Middle East, comprising 47% of total imports. The second position in the ranking was occupied by Israel ($34M), with a 20% share of total imports. It was followed by the United Arab Emirates, with a 10% share.
What is the average export price for virgin olive oil in the the Middle East?
+
In 2020, the virgin olive oil export price in the Middle East amounted to $2,592 per tonne, with a decrease of -4.6% against the previous year.
What is the average import price for virgin olive oil in the the Middle East?
+
In 2020, the virgin olive oil import price in the Middle East amounted to $4,236 per tonne, growing by 1.7% against the previous year.

Product coverage:
• FCL 261 - Oil of Olives, Virgin

This report provides an in-depth analysis of the virgin olive oil market in the Middle East. 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.



Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in the Middle East, split by region and country
• Trade (exports and imports) in the Middle East
• 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

2.1
KEY FINDINGS
2.2
MARKET TRENDS
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
TOP EXPORTING COUNTRIES
5.4
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
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

• Bahrain
• Iran
• Iraq
• Israel
• Jordan
• Kuwait
• Lebanon
• Oman
• Palestine
• Qatar
• Saudi Arabia
• Syrian Arab Republic
• Turkey
• United Arab Emirates
• Yemen
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:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
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 2025
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:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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