Northern America: Olive Market 2024

Olive Market Size in Northern America

The North American olive market fell sharply to $X in 2022, which is down by X% against the previous year. Overall, consumption showed a deep setback. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Olive Production in Northern America

In value terms, olive production fell sharply to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt descent. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

The country with the largest volume of olive production was the United States (X tons), comprising approx. X% of total volume.

In the United States, olive production shrank by an average annual rate of X% over the period from 2012-2022.

The average olive yield dropped notably to X tons per ha in 2022, with a decrease of X% compared with 2021 figures. Overall, the yield saw a noticeable slump. The pace of growth appeared the most rapid in 2019 with an increase of X%. The level of yield peaked at X tons per ha in 2015; however, from 2016 to 2022, the 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.

In 2022, the harvested area of olives in Northern America amounted to X ha, remaining relatively unchanged against 2021 figures. Overall, the harvested area continues to indicate a pronounced downturn. The pace of growth was the most pronounced in 2017 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Olive Exports

Exports in Northern America

In 2022, the amount of olives exported in Northern America declined significantly to X tons, which is down by X% compared with 2021 figures. Overall, exports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2019 with an increase of X%. The volume of export peaked at X tons in 2021, and then dropped notably in the following year.

In value terms, olive exports fell markedly to $X in 2022. In general, exports saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of export peaked at $X in 2021, and then dropped remarkably in the following year.

Exports by Country

The United States dominates exports structure, recording X tons, which was near X% of total exports in 2022. It was distantly followed by Canada (X tons), committing an X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to olive exports from the United States stood at X%. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of X% from 2012-2022. While the share of Canada (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United States (X p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest olive supplier in Northern America, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

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

Olive Imports

Imports in Northern America

In 2022, the amount of olives imported in Northern America contracted markedly to X tons, falling by X% compared with the previous year. Overall, imports showed a deep contraction. The growth pace was the most rapid in 2016 with an increase of X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, olive imports expanded significantly to $X in 2022. In general, imports continue to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States dominates imports structure, resulting at X tons, which was approx. X% of total imports in 2022. Canada (X tons) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to olive imports into the United States stood at X%. Canada (X%) illustrated a downward trend over the same period. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported olives in Northern America, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.

In the United States, olive imports remained relatively stable over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

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

Source: IndexBox Platform

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