South-Eastern Asia: Olive Oil Market 2024

Olive Oil Market Size in South-Eastern Asia

The Southeast Asian olive oil market reduced notably to $X in 2022, waning by X% against the previous year. The total consumption indicated a perceptible expansion from 2012 to 2022: its value 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, consumption decreased by X% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Olive Oil Production in South-Eastern Asia

In value terms, olive oil production shrank to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Olive Oil Exports

Exports in South-Eastern Asia

In 2022, approx. X tons of olive oil and its fractions were exported in South-Eastern Asia; surging by X% against the previous year's figure. Over the period under review, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, olive oil exports surged to $X in 2022. In general, exports showed strong growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Cambodia dominates exports structure, accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by Singapore (X tons), comprising a X% share of total exports.

Cambodia was also the fastest-growing in terms of the olive oil and its fractions exports, with a CAGR of X% from 2012 to 2022. At the same time, Singapore (X%) displayed positive paces of growth. Cambodia (X p.p.) significantly strengthened its position in terms of the total exports, while Singapore saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the largest olive oil supplying countries in South-Eastern Asia were Cambodia ($X) and Singapore ($X).

Cambodia, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price, however, continues to indicate a drastic downturn. The growth pace was the most rapid in 2014 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Cambodia amounted to $X per ton.

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

Olive Oil Imports

Imports in South-Eastern Asia

In 2022, overseas purchases of olive oil and its fractions decreased by X% to X tons, falling for the second year in a row after two years of growth. Total imports indicated measured growth from 2012 to 2022: its volume 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, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, olive oil imports fell remarkably to $X in 2022. Total imports indicated resilient growth from 2012 to 2022: its value 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, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Singapore (X tons), distantly followed by Malaysia (X tons), the Philippines (X tons), Vietnam (X tons) and Indonesia (X tons) represented the major importers of olive oil and its fractions, together creating X% of total imports. Cambodia (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Malaysia ($X) and the Philippines ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Indonesia, Vietnam and Cambodia lagged somewhat behind, together comprising a further X%.

Cambodia, with a CAGR of X%, saw the highest growth rate of 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

The import price in South-Eastern Asia stood at $X per ton in 2022, flattening at the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :