Germany: Preserved Olive Market 2024

Preserved Olive Market Size in Germany

In 2021, after four years of growth, there was significant decline in the German preserved olive market, when its value decreased by -67.5% to $X. Over the period under review, consumption recorded a abrupt setback. Preserved olive consumption peaked at $X in 2020, and then declined rapidly in the following year.

Preserved Olive Production in Germany

In value terms, preserved olive production shrank significantly to $X in 2021 estimated in export price. Overall, production recorded a sharp curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 44% against the previous year. Preserved olive production peaked at $X in 2020, and then declined rapidly in the following year.

Preserved Olive Exports

Exports from Germany

In 2021, approx. X tons of olives prepared or preserved were exported from Germany; reducing by -8.9% compared with the previous year. Overall, exports continue to indicate a mild setback. The pace of growth appeared the most rapid in 2019 with an increase of 11%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, preserved olive exports amounted to $X in 2021. The total export value increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 when exports increased by 17% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

France (X tons), Austria (X tons) and the Netherlands (X tons) were the main destinations of preserved olive exports from Germany, together comprising 37% of total exports. These countries were followed by Poland, Denmark, Belgium, Romania, Switzerland, the Czech Republic, Finland, Slovakia, Sweden and Spain, which together accounted for a further 48%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +34.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for preserved olive exported from Germany were France ($X), Austria ($X) and Switzerland ($X), together accounting for 44% of total exports. These countries were followed by Romania, Belgium, the Netherlands, Poland, the Czech Republic, Denmark, Slovakia, Spain, Sweden and Finland, which together accounted for a further 46%.

Among the main countries of destination, Romania, with a CAGR of +38.6%, recorded the highest rates of growth with regard to 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 average preserved olive export price amounted to $X per ton, surging by 10% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2014 when the average export price increased by 11%. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Olive Imports

Imports into Germany

In 2021, overseas purchases of olives prepared or preserved decreased by -1.2% to X tons, falling for the second consecutive year after five years of growth. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 7.3% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, preserved olive imports expanded significantly to $X in 2021. The total import value increased at an average annual rate of +3.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2018 with an increase of 8.2% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Spain (X tons), Greece (X tons) and Turkey (X tons) were the main suppliers of preserved olive imports to Germany, with a combined 82% share of total imports. These countries were followed by the Netherlands, Italy and Morocco, which together accounted for a further 11%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +36.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved olive suppliers to Germany were Spain ($X), Greece ($X) and Turkey ($X), with a combined 77% share of total imports. These countries were followed by the Netherlands, Italy and Morocco, which together accounted for a further 14%.

The Netherlands, with a CAGR of +36.7%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average preserved olive import price amounted to $X per ton, picking up by 9.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.9%. The pace of growth appeared the most rapid in 2014 when the average import price increased by 20%. The import price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Morocco ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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