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

Virgin Olive Oil Market Size in Southern Asia

After nine years of growth, the South Asian virgin olive oil market decreased by -X% to $X in 2019. Over the period under review, consumption posted buoyant growth. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. The level of consumption peaked at $X in 2018, and then fell in the following year.

Virgin Olive Oil Production in Southern Asia

In value terms, virgin olive oil production shrank notably to $X in 2019 estimated in export prices. In general, production recorded a prominent increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% y-o-y. The level of production peaked at $X in 2017; however, from 2018 to 2019, production remained at a lower figure.

Production By Country in Southern Asia

Afghanistan (X tonnes) constituted the country with the largest volume of virgin olive oil production, accounting for X% of total volume.

From 2007 to 2019, the average annual growth rate of volume in Afghanistan stood at +X%.

Virgin Olive Oil Exports

Exports in Southern Asia

In 2019, approx. X tonnes of virgin olive oil were exported in Southern Asia; rising by X% against the year before. In general, exports, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. The volume of export peaked at X tonnes in 2016; however, from 2017 to 2019, exports stood at a somewhat lower figure.

In value terms, virgin olive oil exports reduced slightly to $X in 2019. Over the period under review, exports, however, saw a noticeable setback. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Over the period under review, exports attained the peak figure at $X in 2016; however, from 2017 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Sri Lanka represented the main exporting country with an export of about X tonnes, which finished at X% of total exports. It was distantly followed by India (X tonnes) and Nepal (X tonnes), together committing a X% share of total exports.

Exports from Sri Lanka increased at an average annual rate of +X% from 2007 to 2019. At the same time, Nepal (+X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +X% from 2007-2019. By contrast, India (-X%) illustrated a downward trend over the same period. From 2007 to 2019, the share of Sri Lanka and Nepal increased by +X% and +X% percentage points, while India (-X p.p.) saw their share reduced.

In value terms, Sri Lanka ($X), India ($X) and Nepal ($X) were the countries with the highest levels of exports in 2019, together accounting for X% of total exports.

Sri Lanka recorded 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 mixed trends in the exports figures.

Export Prices by Country

In 2019, the virgin olive oil export price in Southern Asia amounted to $X per tonne, shrinking by -X% against the previous year. Export price indicated slight growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, virgin olive oil export price decreased by -X% against 2017 indices. The pace of growth was the most pronounced in 2010 an increase of X% year-to-year. Over the period under review, export prices attained the peak figure at $X per tonne in 2011; however, from 2012 to 2019, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was India ($X per tonne), while Nepal ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced a decline in the export price figures.

Virgin Olive Oil Imports

Imports in Southern Asia

In 2019, approx. X tonnes of virgin olive oil were imported in Southern Asia; approximately reflecting the year before. Overall, imports showed a prominent expansion. The pace of growth was the most pronounced in 2010 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2019 and are likely to see steady growth in the immediate term.

In value terms, virgin olive oil imports shrank significantly to $X in 2019. In general, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum at $X in 2018, and then reduced markedly in the following year.

Imports by Country

India was the largest importer of virgin olive oil in Southern Asia, with the volume of imports resulting at X tonnes, which was approx. X% of total imports in 2019. Pakistan (X tonnes) took a X% share (based on tonnes) of total imports, which put it in second place, followed by Bangladesh (X%) and Maldives (X%). The following importers - Afghanistan (X tonnes), Sri Lanka (X tonnes) and Nepal (X tonnes) - together made up X% of total imports.

Imports into India increased at an average annual rate of +X% from 2007 to 2019. At the same time, Maldives (+X%), Bangladesh (+X%), Nepal (+X%), Afghanistan (+X%), Pakistan (+X%) and Sri Lanka (+X%) displayed positive paces of growth. Moreover, Maldives emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +X% from 2007-2019. While the share of Maldives (+X p.p.) and Bangladesh (+X p.p.) increased significantly in terms of the total imports from 2007-2019, the share of Sri Lanka (-X p.p.), Pakistan (-X p.p.) and India (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported virgin olive oil in Southern Asia, comprising X% of total imports. The second position in the ranking was occupied by Pakistan ($X), with a X% share of total imports. It was followed by Bangladesh, with a X% share.

In India, virgin olive oil imports increased at an average annual rate of +X% over the period from 2007-2019. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (+X% per year) and Bangladesh (+X% per year).

Import Prices by Country

In 2019, the virgin olive oil import price in Southern Asia amounted to $X per tonne, shrinking by -X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% year-to-year. The level of import peaked at $X per tonne in 2008; however, from 2009 to 2019, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2019, major importing countries recorded the following prices: in Bangladesh ($X per tonne) and Sri Lanka ($X per tonne), while Afghanistan ($X per tonne) and Pakistan ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Sri Lanka, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for virgin olive oil in Southern Asia?
+
The countries with the highest volumes of virgin olive oil consumption in 2019 were India (1.6K tonnes), Afghanistan (849 tonnes) and Pakistan (637 tonnes), together accounting for 83% of total consumption. Bangladesh and Maldives lagged somewhat behind, together comprising a further 15%.
What are the largest producers of virgin olive oil in Southern Asia?
+
Afghanistan (774 tonnes) remains the largest virgin olive oil producing country in Southern Asia, accounting for 100% of total volume.
What are the leading exporters of virgin olive oil in Southern Asia?
+
In value terms, Sri Lanka ($36K), India ($32K) and Nepal ($4.8K) were the countries with the highest levels of exports in 2019, with a combined 99% share of total exports.
What are the leading importers of virgin olive oil in Southern Asia?
+
In value terms, India ($6.7M) constitutes the largest market for imported virgin olive oil in Southern Asia, comprising 55% of total imports. The second position in the ranking was occupied by Pakistan ($2.4M), with a 19% share of total imports. It was followed by Bangladesh, with a 9.9% share.
What is the average export price for virgin olive oil in Southern Asia?
+
In 2019, the virgin olive oil export price in Southern Asia amounted to $3,758 per tonne, dropping by -15.6% against the previous year.
What is the average import price for virgin olive oil in Southern Asia?
+
In 2019, the virgin olive oil import price in Southern Asia amounted to $4,118 per tonne, declining by -15.7% 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 Southern Asia. 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.


Country coverage:

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

• Afghanistan
• Bangladesh
• Bhutan
• India
• Maldives
• Nepal
• Pakistan
• Sri Lanka
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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