Eastern Europe: Preserved Olive Market 2025

Preserved Olive Market Size in Eastern Europe

The East European preserved olive market expanded remarkably to $X in 2021, increasing by 8.8% against the previous year. The market value increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Preserved Olive Production in Eastern Europe

In value terms, preserved olive production soared to $X in 2021 estimated in export price. The total production indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -24.1% against 2016 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by 27%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Preserved Olive Exports

Exports in Eastern Europe

In 2021, preserved olive exports in Eastern Europe expanded notably to X tons, increasing by 10% against 2020. Total exports indicated a noticeable increase 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, exports decreased by -4.5% against 2019 indices. The pace of growth was the most pronounced in 2019 when exports increased by 24% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, preserved olive exports skyrocketed to $X in 2021. Total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +99.4% against 2016 indices. The pace of growth appeared the most rapid in 2017 with an increase of 32% against the previous year. The level of export peaked in 2021 and is likely to continue growth in the near future.

Exports by Country

In 2021, Belarus (X tons), distantly followed by Bulgaria (X tons), Poland (X tons), Russia (X tons), Lithuania (X tons) and the Czech Republic (X tons) represented the key exporters of olives prepared or preserved, together making up 92% of total exports. Romania (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Belarus (with a CAGR of +60.4%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Belarus ($X) and Bulgaria ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 65% of total exports.

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

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, surging by 7.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.2%. The growth pace was the most rapid in 2017 an increase of 21% against the previous year. Over the period under review, the export prices hit record highs 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 Poland ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+21.7%), while the other leaders experienced more modest paces of growth.

Preserved Olive Imports

Imports in Eastern Europe

In 2021, overseas purchases of olives prepared or preserved increased by 1.9% to X tons, rising for the sixth year in a row after three years of decline. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when imports increased by 9.6%. The volume of import peaked in 2021 and is likely to continue growth in the near future.

In value terms, preserved olive imports rose slightly to $X in 2021. The total import value increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 19% against the previous year. The level of import peaked in 2021 and is likely to continue growth in years to come.

Imports by Country

In 2021, Russia (X tons) was the key importer of olives prepared or preserved, constituting 38% of total imports. Romania (X tons) ranks second in terms of the total imports with a 21% share, followed by Poland (9.3%), Ukraine (8%) and Bulgaria (7.9%). The Czech Republic (X tons) and Hungary (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Hungary (with a CAGR of +12.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved olive importing markets in Eastern Europe were Russia ($X), Romania ($X) and Poland ($X), with a combined 66% share of total imports.

In terms of the main importing countries, Romania, with a CAGR of +9.8%, 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 Eastern Europe stood at $X per ton in 2021, with an increase of 2.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2013 an increase of 17% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, 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 Czech Republic ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+9.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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