CIS: Preserved Olive Market 2025

Preserved Olive Market Size in CIS

The CIS preserved olive market was finally on the rise to reach $X in 2021, after four years of decline. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Preserved Olive Production in CIS

In value terms, preserved olive production skyrocketed to $X in 2021 estimated in export price. The total production indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -31.6% against 2016 indices. The pace of growth appeared the most rapid in 2016 with an increase of 30% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Preserved Olive Exports

Exports in CIS

In 2021, the amount of olives prepared or preserved exported in the CIS soared to X tons, picking up by 25% compared with the previous year's figure. Over the period under review, exports recorded significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 193%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, preserved olive exports soared to $X in 2021. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 122%. The level of export peaked in 2021 and is likely to see gradual growth in the near future.

Exports by Country

In 2021, Belarus (X tons) represented the main exporter of olives prepared or preserved, comprising 65% of total exports. Russia (X tons) ranks second in terms of the total exports with a 22% share, followed by Armenia (12%).

Belarus was also the fastest-growing in terms of the olives prepared or preserved exports, with a CAGR of +60.4% from 2012 to 2021. At the same time, Russia (+35.0%) and Armenia (+8.9%) displayed positive paces of growth. Belarus (+54 p.p.) and Russia (+4.1 p.p.) significantly strengthened its position in terms of the total exports, while Armenia saw its share reduced by -57% from 2012 to 2021, respectively.

In value terms, the largest preserved olive supplying countries in the CIS were Belarus ($X), Russia ($X) and Armenia ($X), together accounting for 100% of total exports.

Among the main exporting countries, Belarus, with a CAGR of +65.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, growing by 12% against the previous year. Overall, the export price, however, showed a mild curtailment. The pace of growth was the most pronounced in 2017 an increase of 43% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 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 Russia ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+3.3%), while the other leaders experienced a decline in the export price figures.

Preserved Olive Imports

Imports in CIS

In 2021, imports of olives prepared or preserved in the CIS stood at X tons, standing approx. at the year before. Total imports indicated a pronounced expansion from 2012 to 2021: its volume increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +69.9% against 2015 indices. The pace of growth was the most pronounced in 2019 when imports increased by 22%. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, preserved olive imports expanded modestly to $X in 2021. Total imports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -3.5% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 25%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Russia dominates imports structure, resulting at X tons, which was near 82% of total imports in 2021. Kazakhstan (X tons) held a 5% share (based on physical terms) of total imports, which put it in second place, followed by Belarus (4.7%). The following importers - Moldova (X tons) and Armenia (X tons) - each recorded a 6.1% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to preserved olive imports into Russia stood at +3.0%. At the same time, Kazakhstan (+8.1%), Moldova (+4.7%) and Armenia (+3.7%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +8.1% from 2012-2021. Belarus experienced a relatively flat trend pattern. From 2012 to 2021, the share of Kazakhstan increased by +1.7 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported olives prepared or preserved in the CIS, comprising 79% of total imports. The second position in the ranking was held by Belarus ($X), with a 5.8% share of total imports. It was followed by Kazakhstan, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia was relatively modest. In the other countries, the average annual rates were as follows: Belarus (+0.1% per year) and Kazakhstan (+7.2% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2021, with an increase of 4% against the previous year. Overall, the import price, however, saw a slight reduction. The growth pace was the most rapid in 2018 when the import price increased by 12%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Belarus ($X per ton) and Kazakhstan ($X per ton), while Russia ($X per ton) and Armenia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+0.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :