Eastern Asia: Preserved Olive Market 2025

Preserved Olive Market Size in Eastern Asia

In 2021, the East Asian preserved olive market decreased by -0.9% to $X for the first time since 2011, thus ending a nine-year rising trend. In general, consumption, however, showed a strong increase. The level of consumption peaked at $X in 2020, and then declined in the following year.

Preserved Olive Production in Eastern Asia

In value terms, preserved olive production reduced modestly to $X in 2021 estimated in export price. Overall, production, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 56%. Over the period under review, production reached the peak level at $X in 2020, and then fell slightly in the following year.

Preserved Olive Exports

Exports in Eastern Asia

In 2021, overseas shipments of olives prepared or preserved were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 167% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, preserved olive exports surged to $X in 2021. In general, exports, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2015 with an increase of 167%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Hong Kong SAR was the main exporter of olives prepared or preserved in Eastern Asia, with the volume of exports resulting at X tons, which was approx. 56% of total exports in 2021. China (X tons) ranks second in terms of the total exports with a 29% share, followed by Taiwan (Chinese) (10%). Macao SAR (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +14.8%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Hong Kong SAR ($X) emerged as the largest preserved olive supplier in Eastern Asia, comprising 64% of total exports. The second position in the ranking was held by China ($X), with a 20% share of total exports. It was followed by Taiwan (Chinese), with a 9.1% share.

In Hong Kong SAR, preserved olive exports plunged by an average annual rate of -9.9% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: China (+26.5% per year) and Taiwan (Chinese) (+2.5% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, growing by 23% against the previous year. In general, the export price continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2013 when the export price increased by 49%. Over the period under review, the export prices reached the peak figure in 2021 and is likely to see steady growth in the near future.

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 Macao SAR ($X per ton), while China ($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 more modest paces of growth.

Preserved Olive Imports

Imports in Eastern Asia

For the third consecutive year, Eastern Asia recorded growth in purchases abroad of olives prepared or preserved, which increased by 19% to X tons in 2021. The total import volume increased at an average annual rate of +5.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, preserved olive imports soared to $X in 2021. The total import value increased at an average annual rate of +4.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, South Korea (X tons) represented the main importer of olives prepared or preserved, generating 56% of total imports. Japan (X tons) ranks second in terms of the total imports with a 28% share, followed by China (9.4%). Taiwan (Chinese) (X tons) and Hong Kong SAR (X tons) followed a long way behind the leaders.

South Korea was also the fastest-growing in terms of the olives prepared or preserved imports, with a CAGR of +14.6% from 2012 to 2021. At the same time, Taiwan (Chinese) (+9.3%) and China (+5.0%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-12.1%) illustrated a downward trend over the same period. South Korea (+30 p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR and Japan saw its share reduced by -8.5% and -21% 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 importing markets in Eastern Asia were South Korea ($X), Japan ($X) and China ($X), with a combined 93% share of total imports.

In terms of the main importing countries, South Korea, with a CAGR of +17.1%, saw the highest rates of growth with regard to 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

In 2021, the import price in Eastern Asia amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 4%. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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 Hong Kong SAR ($X per ton), while Taiwan (Chinese) ($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 (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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