South-Eastern Asia: Olive Market 2024

Olive Market Size in South-Eastern Asia

The Southeast Asian olive market contracted to $X in 2022, dropping by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2021, and then shrank in the following year.

Olive Production in South-Eastern Asia

In value terms, olive production declined slightly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; afterwards, it flattened through to 2022.

The country with the largest volume of olive production was Thailand (X tons), comprising approx. X% of total volume. Moreover, olive production in Thailand exceeded the figures recorded by the second-largest producer, the Philippines (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume in Thailand totaled X%. In the other countries, the average annual rates were as follows: the Philippines (X% per year) and Myanmar (X% per year).

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Olive Exports

Exports in South-Eastern Asia

In 2022, exports of olives in South-Eastern Asia skyrocketed to X tons, surging by X% against 2021 figures. Over the period under review, exports, however, recorded a dramatic shrinkage. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, olive exports surged to $X in 2022. Overall, exports, however, faced a precipitous curtailment. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Myanmar (X tons) was the main exporter of olives, achieving X% of total exports. Thailand (X tons) took the second position in the ranking, followed by the Philippines (X tons) and Singapore (X tons). All these countries together held approx. X% share of total exports.

Myanmar was also the fastest-growing in terms of the olives exports, with a CAGR of X% from 2012 to 2022. Singapore (X%), the Philippines (X%) and Thailand (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Myanmar, the Philippines and Singapore increased by X, X and X percentage points, respectively.

In value terms, Thailand ($X), the Philippines ($X) and Myanmar ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Myanmar, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the export price recorded a noticeable decline. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 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 the Philippines ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced mixed trends in the export price figures.

Olive Imports

Imports in South-Eastern Asia

In 2022, after two years of growth, there was decline in supplies from abroad of olives, when their volume decreased by X% to X tons. In general, imports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, olive imports dropped slightly to $X in 2022. Overall, imports recorded a deep slump. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Malaysia was the largest importing country with an import of about X tons, which amounted to X% of total imports. Singapore (X tons) took the second position in the ranking, followed by Indonesia (X tons), the Philippines (X tons) and Lao People's Democratic Republic (X tons). All these countries together held approx. X% share of total imports. Vietnam (X kg) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to olive imports into Malaysia stood at X%. At the same time, Lao People's Democratic Republic (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Vietnam experienced a relatively flat trend pattern. By contrast, Singapore (X%) and the Philippines (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia, Indonesia, Singapore, the Philippines, Lao People's Democratic Republic and Vietnam increased by X, X, X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X), Singapore ($X) and Indonesia ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. The Philippines, Lao People's Democratic Republic and Vietnam lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Lao People's Democratic Republic, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, waning by X% against the previous year. Import price indicated strong growth from 2012 to 2022: its price 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, olive import price decreased by X% against 2019 indices. The growth pace was the most rapid in 2013 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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