Switzerland: Olives Market Overview 2021

Olives Market Size in Switzerland

In 2020, after four years of growth, there was significant decline in the Swiss olives market, when its value decreased by -X% to $X. Over the period under review, consumption showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Over the period under review, the market hit record highs at $X in 2019, and then shrank remarkably in the following year.

Olives Exports

Exports from Switzerland

In 2020, after two years of growth, there was significant decline in overseas shipments of olives (prepared or preserved ), when their volume decreased by -X% to X tonnes. Over the period under review, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2015; however, from 2016 to 2020, exports failed to regain the momentum.

In value terms, olives exports skyrocketed to $X in 2020. In general, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Exports peaked in 2020 and are expected to retain growth in the near future.

Exports by Country

Germany (X tonnes) was the main destination for olives exports from Switzerland, accounting for 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 stood at +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) appeared to be the largest markets for olives exported from Switzerland worldwide, together comprising X% of total exports.

Among the main countries of destination, Austria recorded the highest rates of growth with regard to 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, with an increase of X% against the previous year. Over the period under review, the export price posted buoyant growth. As a result, export price attained the peak level and is likely to continue growth in the immediate term.

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 more modest paces of growth.

Olives Imports

Imports into Switzerland

In 2020, after two years of growth, there was significant decline in supplies from abroad of olives (prepared or preserved ), when their volume decreased by -X% to X tonnes. Overall, imports showed a slight curtailment. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Imports peaked at X tonnes in 2019, and then contracted significantly in the following year.

In value terms, olives imports expanded sharply to $X in 2020. The total import value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Imports peaked in 2020 and are likely to see steady growth in years to come.

Imports by Country

In 2020, Spain (X tonnes) constituted the largest olives supplier to Switzerland, accounting for a X% share of total imports. Moreover, olives imports from Spain exceeded the figures recorded by the second-largest supplier, Greece (X tonnes), twofold. The third position in this ranking was occupied by Italy (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate 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, Spain ($X), Greece ($X) and Italy ($X) were the largest olives suppliers to Switzerland, with a combined X% share of total imports. Belgium, Turkey, Portugal and Morocco lagged somewhat behind, together comprising a further X terms of the main suppliers, Turkey saw the highest growth rate of the value of imports, 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, with an increase of X% against the previous year. In general, import price indicated tangible growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 AI 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 China (925K tonnes), Spain (505K tonnes) and India (369K tonnes), together accounting for 30% of global consumption.

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

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The countries with the highest volumes of olives production in 2020 were Spain (945K tonnes), China (924K tonnes) and India (367K tonnes), together accounting for 37% of global production. Greece, the U.S., Japan, Indonesia, Pakistan, Russia, Bangladesh, Turkey, Mexico and Nigeria lagged somewhat behind, together accounting for a further 23%.

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. These countries were followed by Belgium, Turkey, Portugal and Morocco, which together accounted for a further 22%.

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

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In value terms, Germany ($1.1M), Austria ($623K) and Canada ($249K) were the largest markets for olives exported from Switzerland worldwide, with a combined 96% share 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 $7,136 per tonne in 2020, with an increase of 224% against the previous year.

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

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The average olives import price stood at $3,545 per tonne in 2020, with an increase of 104% against the previous year.