Asia-Pacific: Preserved Olive Market 2025

Preserved Olive Market Size in Asia-Pacific

For the tenth year in a row, the Asia-Pacific preserved olive market recorded growth in sales value, which increased by 0.2% to $X in 2021. In general, consumption, however, recorded prominent growth. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Preserved Olive Production in Asia-Pacific

In value terms, preserved olive production totaled $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 50% against the previous year. As a result, production reached the peak level of $X; afterwards, it flattened through to 2021.

Preserved Olive Exports

Exports in Asia-Pacific

In 2021, shipments abroad of olives prepared or preserved decreased by -34.5% to X tons, falling for the fourth year in a row after four years of growth. Over the period under review, exports showed a deep reduction. The most prominent rate of growth was recorded in 2015 when exports increased by 76% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, preserved olive exports fell sharply to $X in 2021. In general, exports saw a deep slump. The most prominent rate of growth was recorded in 2015 when exports increased by 45% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Singapore was the key exporting country with an export of around X tons, which accounted for 41% of total exports. Australia (X tons) ranks second in terms of the total exports with a 16% share, followed by Hong Kong SAR (12%), Bangladesh (10%) and China (6.1%). New Zealand (X tons) and Vietnam (X tons) followed a long way behind the leaders.

Exports from Singapore decreased at an average annual rate of -6.2% from 2012 to 2021. At the same time, Vietnam (+29.6%) and China (+14.8%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +29.6% from 2012-2021. By contrast, New Zealand (-2.5%), Australia (-9.4%), Bangladesh (-11.0%) and Hong Kong SAR (-20.7%) illustrated a downward trend over the same period. Singapore (+12 p.p.), China (+6.1 p.p.), Vietnam (+3 p.p.) and New Zealand (+2.2 p.p.) significantly strengthened its position in terms of the total exports, while Bangladesh and Hong Kong SAR saw its share reduced by -1.5% and -26.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest preserved olive supplying countries in Asia-Pacific were Singapore ($X), Australia ($X) and Hong Kong SAR ($X), with a combined 69% share of total exports. Bangladesh, China, New Zealand and Vietnam lagged somewhat behind, together comprising a further 22%.

Among the main exporting countries, China, with a CAGR of +26.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, increasing by 28% against the previous year. Overall, the export price recorded a relatively flat trend pattern. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+13.6%), while the other leaders experienced mixed trends in the export price figures.

Preserved Olive Imports

Imports in Asia-Pacific

Preserved olive imports skyrocketed to X tons in 2021, growing by 16% compared with 2020. In general, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, preserved olive imports expanded markedly to $X in 2021. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2016 when imports increased by 14%. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

In 2021, Australia (X tons), distantly followed by South Korea (X tons), Japan (X tons) and India (X tons) were the major importers of olives prepared or preserved, together constituting 71% of total imports. The following importers - New Zealand (X tons), Pakistan (X tons), China (X tons), Vietnam (X tons), the Philippines (X tons), Singapore (X tons), Taiwan (Chinese) (X tons) and Malaysia (X tons) - together made up 22% of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +28.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) constitutes the largest market for imported olives prepared or preserved in Asia-Pacific, comprising 38% of total imports. The second position in the ranking was taken by South Korea ($X), with a 16% share of total imports. It was followed by Japan, with a 13% share.

From 2012 to 2021, the average annual growth rate of value in Australia amounted to -1.3%. In the other countries, the average annual rates were as follows: South Korea (+17.1% per year) and Japan (-1.1% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, reducing by -1.8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2018 an increase of 31% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was New Zealand ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+6.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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