Switzerland: Olives Market Overview 2021

Olives Market Size in Switzerland

In 2020, the Swiss olives market increased by X% to $X for the first time since 2017, thus ending a two-year declining trend. In general, consumption, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the market value increased by X% y-o-y. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2020, consumption failed to regain the momentum.

Olives Exports

Exports from Switzerland

In 2020, shipments abroad of olives (prepared or preserved ) increased by X% to X tonnes, rising for the third year in a row after two years of decline. Overall, exports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. Exports peaked in 2020 and are likely to see gradual growth in years to come.

In value terms, olives exports skyrocketed to $X in 2020. In general, exports posted prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. Over the period under review, exports reached the maximum in 2020 and are likely to see gradual growth in the near future.

Exports by Country

Germany (X tonnes) was the main destination for olives exports from Switzerland, with a X% share of total exports. Moreover, olives exports to Germany exceeded the volume sent to the second major destination, Canada (X tonnes), twofold. The third position in this ranking was occupied by Austria (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Germany amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+X% per year) and Austria (+X% per year).

In value terms, Germany ($X), Austria ($X) and Canada ($X) constituted the largest markets for olives exported from Switzerland worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Austria saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average olives export price amounted to $X per tonne, falling by -X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when the average export price increased by X% y-o-y. Over the period under review, average export prices hit record highs at $X per tonne in 2011; however, from 2012 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Austria ($X per tonne), while the average price for exports to Spain ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Austria, while the prices for the other major destinations experienced a decline.

Olives Imports

Imports into Switzerland

In 2020, purchases abroad of olives (prepared or preserved ) increased by X% to X tonnes for the first time since 2016, thus ending a three-year declining trend. In general, imports, however, saw a slight shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Imports peaked at X tonnes in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

In value terms, olives imports soared to $X in 2020. The total import value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2020, Spain (X tonnes) constituted the largest olives supplier to Switzerland, with a X% share of total imports. Moreover, olives imports from Spain exceeded the figures recorded by the second-largest supplier, Greece (X tonnes), twofold. Italy (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+X% per year) and Italy (+X% per year).

In value terms, the largest olives suppliers to Switzerland were Spain ($X), Greece ($X) and Italy ($X), together comprising X% of total imports. These countries were followed by Belgium, Turkey, Portugal and Morocco, which together accounted for a further X recorded the highest growth rate of 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 olives import price stood at $X per tonne in 2020, growing by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2011 when the average import price increased by X% y-o-y. Over the period under review, average import prices hit record highs in 2020 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Belgium ($X per tonne), while the price for Spain ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Turkey, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for olives (prepared or preserved ) in the world?

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The countries with the highest volumes of olives consumption in 2020 were the U.S. (334K tonnes), Spain (306K tonnes) and Russia (163K tonnes), together accounting for 33% of global consumption. Italy, Brazil, Germany, Bangladesh, France, Egypt, Democratic Republic of the Congo, the UK, Argentina and Romania lagged somewhat behind, together comprising a further 36%.

What are the largest producers of olives (prepared or preserved ) in the world?

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The country with the largest volume of olives production was Spain (746K tonnes), comprising approx. 33% of total volume. Moreover, olives production in Spain exceeded the figures recorded by the second-largest producer, the U.S. (211K tonnes), fourfold. Greece (193K tonnes) ranked third in terms of total production with a 8.5% share.

What are the leading suppliers of olives (prepared or preserved ) to Switzerland?

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In value terms, the largest olives suppliers to Switzerland were Spain ($7.5M), Greece ($6.9M) and Italy ($5.3M), together comprising 66% of total imports. Belgium, Turkey, Portugal and Morocco lagged somewhat behind, together accounting for a further 22%.

What are the leading importers of olives (prepared or preserved ) from Switzerland?

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In value terms, the largest markets for olives exported from Switzerland were Germany ($1.1M), Austria ($623K) and Canada ($249K), together accounting for 96% of total exports.

What is the average export price for olives (prepared or preserved ) in Switzerland?

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The average olives export price stood at $1,997 per tonne in 2020, declining by -7.6% against the previous year.

What is the average import price for olives (prepared or preserved ) in Switzerland?

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In 2020, the average olives import price amounted to $3,545 per tonne, rising by 20% against the previous year.