We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
China - Refined Olive Oil - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

China - Refined Olive Oil - Market Analysis, Forecast, Size, Trends And Insights

Single report
Sent by email within 24h (Mon-Fri)
What's the difference?
Subscription
Online access and download
from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing
Jan 17, 2023

China's Refined Olive Oil Import Slumps 46% to 1.1K Tons in September 2022

China Refined Olive Oil Imports

In September 2022, purchases abroad of refined olive oil decreased by -45.8% to 1.1K tons, falling for the second consecutive month after two months of growth. In general, imports, however, showed a pronounced increase. The pace of growth appeared the most rapid in July 2022 with an increase of 247% against the previous month. As a result, imports reached the peak of 2.3K tons. From August 2022 to September 2022, the growth of imports failed to regain momentum.

In value terms, refined olive oil imports fell remarkably to $4.2M (IndexBox estimates) in September 2022. Overall, imports, however, saw a notable expansion. The pace of growth was the most pronounced in July 2022 with an increase of 268% m-o-m. As a result, imports attained the peak of $8.9M. From August 2022 to September 2022, the growth of imports failed to regain momentum.

Imports by Country

In September 2022, Spain (1.1K tons) was the main supplier of refined olive oil to China, accounting for a 97% share of total imports. It was followed by Italy (27 tons), with a 2.5% share of total imports.

From January 2022 to September 2022, the average monthly rate of growth in terms of volume from Spain amounted to +2.5%.

In value terms, Spain ($4.1M) constituted the largest supplier of refined olive oil to China, comprising 97% of total imports. The second position in the ranking was taken by Italy ($104K), with a 2.5% share of total imports.

From January 2022 to September 2022, the average monthly growth rate of value from Spain stood at +4.5%.

Import Prices by Country

In September 2022, the refined olive oil price amounted to $3,859 per ton (CIF, China), surging by 2.5% against the previous month. Over the last eight months, it increased at an average monthly rate of +1.9%. The growth pace was the most rapid in July 2022 an increase of 6.1% month-to-month. Over the period under review, average import prices attained the maximum in September 2022.

Average prices varied noticeably amongst the major supplying countries. In September 2022, the country with the highest price was Spain ($3,859 per ton), while the price for Italy stood at $3,822 per ton.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Spain (+2.0%).

Factors Affecting Refined Olive Oil Prices

In China, the price of refined olive oil has been on the rise in recent years. This is due to a number of factors, including the increasing cost of imported olive oil, the growing demand for olive oil in China, and the limited supply of domestic olive oil.

The cost of imported olive oil has been rising due to a number of factors, including the increasing price of crude oil, political instability in major producing countries, and weather-related production problems.

The growing demand for olive oil in China is being driven by a number of factors, including the country's growing middle class, who are increasingly seeking out healthy and premium food options; the popularity of Mediterranean cuisine; and the health benefits associated with olive oil.

However, despite the rising price and demand for olive oil in China, the country's domestic supply remains limited. This is due to a lack of suitable climate and soil conditions for olive production in China, as well as limited government support for the industry. As a result, most of the Olive Oil consumed in China is still imported, making the country reliant on international markets.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the refined olive oil market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 10415310 - Refined olive oil and its fractions (excluding chemically modified)

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in China
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

Recommended posts

Free Data: Refined Olive Oil - China
Table
Refined Olive Oil - China - Table
Dashboard
Refined Olive Oil - China - Dashboard
Report
Refined Olive Oil - China - Report