Switzerland: Preserved Olive Market 2022

Preserved Olive Market Size in Switzerland

For the sixth consecutive year, the Swiss preserved olive market recorded growth in sales value, which increased by 8.3% to $X in 2021. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. Preserved olive consumption peaked in 2021 and is expected to retain growth in the near future.

Preserved Olive Exports

Exports from Switzerland

In 2021, overseas shipments of olives prepared or preserved increased by 9% to X tons, rising for the fourth year in a row after two years of decline. Overall, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 117%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, preserved olive exports rose rapidly to $X in 2021. In general, exports posted a strong increase. The growth pace was the most rapid in 2018 when exports increased by 122% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Germany (X tons) was the main destination for preserved olive exports from Switzerland, with a 57% share of total exports. Moreover, preserved olive exports to Germany exceeded the volume sent to the second major destination, Canada (X tons), twofold. Austria (X tons) ranked third in terms of total exports with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +17.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+36.0% per year) and Austria (+6.3% per year).

In value terms, Germany ($X) remains the key foreign market for preserved olive exports from Switzerland, comprising 58% of total exports. The second position in the ranking was taken by Austria ($X), with a 28% share of total exports. It was followed by Canada, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+6.2% per year) and Canada (+28.6% per year).

Export Prices by Country

The average preserved olive export price stood at $X per ton in 2021, surging by 2.2% against the previous year. Over the period under review, the export price, however, continues to indicate a mild setback. The pace of growth appeared the most rapid in 2016 an increase of 6.2% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Austria ($X per ton), while the average price for exports to Canada ($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 Greece (+6.5%), while the prices for the other major destinations experienced a decline.

Preserved Olive Imports

Imports into Switzerland

For the fourth consecutive year, Switzerland recorded growth in overseas purchases of olives prepared or preserved, which increased by 8.1% to X tons in 2021. The total import volume increased at an average annual rate of +4.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 10%. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, preserved olive imports stood at $X in 2021. The total import value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 13%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Spain (X tons), Greece (X tons) and Italy (X tons) were the main suppliers of preserved olive imports to Switzerland, with a combined 82% share of total imports.

From 2012 to 2021, the biggest increases were in Greece (with a CAGR of +10.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved olive suppliers to Switzerland were Spain ($X), Greece ($X) and Italy ($X), with a combined 69% share of total imports. Belgium, Germany, Turkey, France, Morocco and Portugal lagged somewhat behind, together comprising a further 30%.

Turkey, with a CAGR of +11.0%, 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

The average preserved olive import price stood at $X per ton in 2021, standing approx. at the previous year. In general, the import price, however, continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2013 an increase of 3.8%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :