Asia: Olive Market 2024

Olive Market Size in Asia

The Asian olive market contracted to $X in 2022, which is down by -8.2% against the previous year. In general, consumption recorded a noticeable setback. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Olive Production in Asia

In value terms, olive production declined to $X in 2022 estimated in export price. In general, production recorded a abrupt descent. The most prominent rate of growth was recorded in 2017 when the production volume increased by 40% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Turkey (X tons) remains the largest olive producing country in Asia, accounting for 47% of total volume. Moreover, olive production in Turkey exceeded the figures recorded by the second-largest producer, Syrian Arab Republic (X tons), twofold. Saudi Arabia (X tons) ranked third in terms of total production with a 12% share.

In Turkey, olive production decreased by an average annual rate of -1.7% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Syrian Arab Republic (-4.3% per year) and Saudi Arabia (+6.1% per year).

The average olive yield contracted slightly to X tons per ha in 2022, with a decrease of -3.3% against 2021 figures. Over the period under review, the yield saw a slight slump. The pace of growth was the most pronounced in 2017 when the yield increased by 21%. As a result, the yield reached the peak level of X tons per ha. From 2018 to 2022, the growth of the olive yield remained 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.

The olive harvested area stood at X ha in 2022, stabilizing at 2021. Overall, the harvested area saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the harvested area increased by 5.2%. As a result, the harvested area attained the peak level of X ha; afterwards, it flattened through to 2022.

Olive Exports

Exports in Asia

In 2022, after two years of growth, there was significant decline in shipments abroad of olives, when their volume decreased by -43.4% to X tons. In general, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 323%. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, olive exports declined significantly to $X in 2022. Overall, exports continue to indicate a slight decrease. The most prominent rate of growth was recorded in 2020 with an increase of 411%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Jordan (X tons) and Syrian Arab Republic (X tons) represented the main exporters of olives in Asia, together achieving 63% of total exports. Turkey (X tons) held an 18% share (based on physical terms) of total exports, which put it in second place, followed by Pakistan (10%). The United Arab Emirates (X tons) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +48.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Jordan ($X) remains the largest olive supplier in Asia, comprising 62% of total exports. The second position in the ranking was held by Syrian Arab Republic ($X), with a 12% share of total exports. It was followed by Turkey, with a 12% share.

In Jordan, olive exports expanded at an average annual rate of +6.5% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Syrian Arab Republic (-11.4% per year) and Turkey (+34.6% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, which is down by -12.6% against the previous year. Export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, olive export price decreased by -17.8% against 2020 indices. The pace of growth was the most pronounced in 2013 when the export price increased by 57%. Over the period under review, the export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Jordan ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+4.7%), while the other leaders experienced mixed trends in the export price figures.

Olive Imports

Imports in Asia

Olive imports fell notably to X tons in 2022, shrinking by -30.9% on 2021 figures. Over the period under review, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2015 when imports increased by 90%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, olive imports reduced dramatically to $X in 2022. Overall, imports recorded a abrupt setback. The pace of growth was the most pronounced in 2018 with an increase of 52% against the previous year. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Israel was the major importer of olives in Asia, with the volume of imports accounting for X tons, which was near 54% of total imports in 2022. Lebanon (X tons) held the second position in the ranking, followed by the United Arab Emirates (X tons). All these countries together held approx. 18% share of total imports. Oman (X tons), Kuwait (X tons), Afghanistan (X tons), Bahrain (X tons), Iraq (X tons), Maldives (X tons) and Malaysia (X tons) followed a long way behind the leaders.

Israel experienced a relatively flat trend pattern with regard to volume of imports of olives. At the same time, Afghanistan (+69.5%), Iraq (+29.7%) and Kuwait (+2.3%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing importer imported in Asia, with a CAGR of +69.5% from 2012-2022. By contrast, the United Arab Emirates (-1.5%), Malaysia (-1.6%), Oman (-5.4%), Bahrain (-7.4%), Maldives (-7.5%) and Lebanon (-12.5%) illustrated a downward trend over the same period. While the share of Israel (+27 p.p.), Afghanistan (+3.6 p.p.), Bahrain (+2.3 p.p.), the United Arab Emirates (+2.2 p.p.), Iraq (+2.2 p.p.) and Kuwait (+2.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Lebanon (-12.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X) constitutes the largest market for imported olives in Asia, comprising 62% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 9.2% share of total imports. It was followed by Oman, with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Israel stood at +12.3%. In the other countries, the average annual rates were as follows: the United Arab Emirates (-2.5% per year) and Oman (+5.1% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, dropping by -2.8% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 27% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+11.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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