Asia: Preserved Olive Market 2025

Preserved Olive Market Size in Asia

In 2021, the Asian preserved olive market decreased by -20.1% to $X, falling for the second year in a row after eight years of growth. Overall, consumption, however, saw buoyant growth. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Preserved Olive Production in Asia

In value terms, preserved olive production rose rapidly to $X in 2021 estimated in export price. In general, production, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of 42%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Preserved Olive Exports

Exports in Asia

In 2021, approx. X tons of olives prepared or preserved were exported in Asia; growing by 14% on the previous year. The total export volume increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of 22% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, preserved olive exports amounted to $X in 2021. The total export value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2018 when exports increased by 16% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Turkey prevails in exports structure, recording X tons, which was approx. 83% of total exports in 2021. It was distantly followed by Syrian Arab Republic (X tons), committing a 7.9% share of total exports. Jordan (X tons) and Lebanon (X tons) held a relatively small share of total exports.

Exports from Turkey increased at an average annual rate of +3.2% from 2012 to 2021. At the same time, Syrian Arab Republic (+8.0%) and Lebanon (+7.5%) displayed positive paces of growth. Moreover, Syrian Arab Republic emerged as the fastest-growing exporter exported in Asia, with a CAGR of +8.0% from 2012-2021. By contrast, Jordan (-1.5%) illustrated a downward trend over the same period. While the share of Syrian Arab Republic (+2.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Jordan (-1.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest preserved olive supplier in Asia, comprising 84% of total exports. The second position in the ranking was held by Syrian Arab Republic ($X), with a 4.7% share of total exports. It was followed by Jordan, with a 4.4% share.

In Turkey, preserved olive exports expanded at an average annual rate of +3.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Syrian Arab Republic (+5.6% per year) and Jordan (+2.3% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, reducing by -4% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 9.1%. The level of export peaked at $X per ton in 2016; however, from 2017 to 2021, 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 Jordan ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+3.9%), while the other leaders experienced mixed trends in the export price figures.

Preserved Olive Imports

Imports in Asia

Preserved olive imports surged to X tons in 2021, increasing by 15% against the previous year's figure. Total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +31.9% against 2018 indices. The most prominent rate of growth was recorded in 2015 with an increase of 20% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, preserved olive imports soared to $X in 2021. Total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +30.4% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Saudi Arabia (X tons) and Iraq (X tons) were the major importers of olives prepared or preserved in 2021, resulting at near 23% and 19% of total imports, respectively. The United Arab Emirates (X tons) ranks next in terms of the total imports with a 9.6% share, followed by Israel (6.9%) and South Korea (5.5%). The following importers - Oman (X tons), Kazakhstan (X tons), Japan (X tons), Kuwait (X tons), Yemen (X tons), India (X tons), Lebanon (X tons) and Armenia (X tons) - together made up 21% of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +26.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Iraq ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of imports in 2021, with a combined 46% share of total imports. Israel, South Korea, Japan, Oman, Kuwait, Kazakhstan, India, Yemen, Armenia and Lebanon lagged somewhat behind, together comprising a further 37%.

Among the main importing countries, South Korea, with a CAGR of +17.1%, 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 import price in Asia stood at $X per ton in 2021, growing by 1.8% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the import price increased by 7.8% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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