Iran: Olive Market 2024

Olive Market Size in Iran

The Iranian olive market rose to $X in 2022, surging by 3.8% against the previous year. Overall, consumption, however, enjoyed a perceptible increase. Olive consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Olive Production in Iran

In value terms, olive production expanded remarkably to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by 78%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

In 2022, the average olive yield in Iran shrank to X tons per ha, therefore, remained relatively stable against 2021. Overall, the yield, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of 126%. The olive yield peaked at X tons per ha in 2017; however, from 2018 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of olives production in Iran reduced modestly to X ha, declining by -2.4% compared with 2021 figures. In general, the harvested area continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 28%. The olive harvested area peaked at X ha in 2013; however, from 2014 to 2022, the harvested area stood at a somewhat lower figure.

Olive Exports

Exports from Iran

After five years of decline, shipments abroad of olives increased by 271% to X tons in 2022. Overall, exports, however, faced a deep slump. The pace of growth appeared the most rapid in 2014 when exports increased by 408% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, olive exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2014 when exports increased by 183% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for olive exports from Iran, accounting for a 88% share of total exports. Moreover, olive exports to the United Arab Emirates exceeded the volume sent to the second major destination, Malaysia (X kg), more than tenfold. Belgium (X kg) ranked third in terms of total exports with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to -8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-3.0% per year) and Belgium (0.0% per year).

In value terms, the United Arab Emirates ($X), Malaysia ($X) and Canada ($X) were the largest markets for olive exported from Iran worldwide, with a combined 76% share of total exports.

Among the main countries of destination, Malaysia, with a CAGR of +27.3%, 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 trend patterns.

Export Prices by Country

In 2022, the average olive export price amounted to $X per ton, reducing by -28.6% against the previous year. Overall, the export price saw a perceptible descent. The pace of growth appeared the most rapid in 2021 an increase of 54%. As a result, the export price attained the peak level of $X per ton, and then reduced sharply in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+95.1%), while the prices for the other major destinations experienced more modest paces of growth.

Olive Imports

Imports into Iran

In 2022, imports of olives into Iran soared to X tons, with an increase of 245% on the previous year. In general, imports, however, continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2020 when imports increased by 544% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, olive imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2020 when imports increased by 350%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Kuwait (X tons) was the main olive supplier to Iran, with a 91% share of total imports. Moreover, olive imports from Kuwait exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), tenfold.

From 2012 to 2022, the average annual growth rate of volume from Kuwait amounted to -10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+40.7% per year) and Turkey (-34.2% per year).

In value terms, Kuwait ($X) constituted the largest supplier of olives to Iran, comprising 97% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 2.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Kuwait amounted to -14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+23.3% per year) and Turkey (-41.0% per year).

Import Prices by Country

In 2022, the average olive import price amounted to $X per ton, dropping by -7.4% against the previous year. In general, the import price showed a deep downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 36%. Over the period under review, average import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Kuwait ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (-4.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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