Spain: Preserved Olive Market 2022

Preserved Olive Market Size in Spain

The Spanish preserved olive market stood at $X in 2021, increasing by 11% against the previous year. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Preserved olive consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Preserved Olive Production in Spain

In value terms, preserved olive production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 7.6% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Preserved Olive Exports

Exports from Spain

Preserved olive exports from Spain reached X tons in 2021, growing by 2.8% compared with the year before. The total export volume increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when exports increased by 22% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, preserved olive exports expanded rapidly to $X in 2021. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by 13%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons), Italy (X tons) and Russia (X tons) were the main destinations of preserved olive exports from Spain, with a combined 35% share of total exports. These countries were followed by France, Germany, Saudi Arabia, the UK, Canada, Poland, Portugal, Ukraine, Mexico and Brazil, which together accounted for a further 41%.

From 2012 to 2021, the biggest increases were in Portugal (with a CAGR of +8.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for preserved olive exports from Spain, comprising 21% of total exports. The second position in the ranking was taken by Italy ($X), with a 9.3% share of total exports. It was followed by Russia, with an 8.2% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to -1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+1.5% per year) and Russia (-1.8% per year).

Export Prices by Country

The average preserved olive export price stood at $X per ton in 2021, growing by 4.8% against the previous year. In general, the export price, however, continues to indicate a slight reduction. The growth pace was the most rapid in 2020 an increase of 9%. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+0.6%), while the prices for the other major destinations experienced mixed trend patterns.

Preserved Olive Imports

Imports into Spain

Preserved olive imports into Spain reduced dramatically to X tons in 2021, falling by -17.4% on the previous year's figure. Overall, imports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2013 when imports increased by 141% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, preserved olive imports contracted rapidly to $X in 2021. In general, imports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 107% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Portugal (X tons), Egypt (X tons) and Greece (X tons) were the main suppliers of preserved olive imports to Spain, with a combined 91% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of +37.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), Portugal ($X) and Greece ($X) were the largest preserved olive suppliers to Spain, together accounting for 81% of total imports.

Egypt, with a CAGR of +31.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average preserved olive import price amounted to $X per ton, with a decrease of -2.8% against the previous year. Over the period under review, the import price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2016 an increase of 16%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Morocco ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Morocco (+3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :