Global Olive Market 2024

Olive Market Size

The global olive market amounted to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Global consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Olive Production

In value terms, olive production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, global production growth remained at a lower figure.

The country with the largest volume of olive production was Spain (X tons), comprising approx. X% of total volume. Moreover, olive production in Spain exceeded the figures recorded by the second-largest producer, Greece (X tons), twofold. Italy (X tons) ranked third in terms of total production with a X% share.

In Spain, olive production expanded at an average annual rate of X% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Greece (X% per year) and Italy (X% per year).

The global average olive yield was estimated at X tons per ha in 2022, leveling off at the previous year. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 when the yield increased by X% against the previous year. The global yield peaked at X tons per ha in 2018; however, from 2019 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of olives were harvested worldwide; remaining relatively unchanged against 2021. Overall, the harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the harvested area increased by X%. As a result, the harvested area attained the peak level of X ha; afterwards, it flattened through to 2022.

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Olive Exports

Exports

In 2022, approx. X tons of olives were exported worldwide; falling by X% on 2021. In general, exports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons, and then dropped dramatically in the following year.

In value terms, olive exports dropped remarkably to $X in 2022. Overall, total exports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then contracted remarkably in the following year.

Exports by Country

Portugal was the major exporting country with an export of about X tons, which amounted to X% of total exports. It was distantly followed by Spain (X tons), generating an X% share of total exports. Greece (X tons) and the Netherlands (X tons) took a little share of total exports.

Exports from Portugal increased at an average annual rate of X% from 2012 to 2022. At the same time, the Netherlands (X%) and Spain (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. By contrast, Greece (X%) illustrated a downward trend over the same period. While the share of Portugal (X p.p.), Spain (X p.p.) and the Netherlands (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Greece (X p.p.) displayed negative dynamics.

In value terms, Portugal ($X) remains the largest olive supplier worldwide, comprising X% of global exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of global exports. It was followed by Spain, with a X% share.

In Portugal, olive exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Netherlands (X% per year) and Spain (X% per year).

Export Prices by Country

The average olive export price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the export price, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other global leaders experienced a decline in the export price figures.

Olive Imports

Imports

Global olive imports reduced slightly to X tons in 2022, which is down by X% on 2021. Overall, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then dropped slightly in the following year.

In value terms, olive imports contracted slightly to $X in 2022. In general, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, Portugal (X tons), distantly followed by Spain (X tons), Italy (X tons) and the United States (X tons) represented the key importers of olives, together committing X% of total imports. The Netherlands (X tons), Poland (X tons) and France (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Portugal ($X), Italy ($X) and Spain ($X) were the countries with the highest levels of imports in 2022, together comprising X% of global imports.

Portugal, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average olive import price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price, however, saw a noticeable contraction. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Global import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per ton), while Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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