Iran: Preserved Olive Market 2024

Preserved Olive Market Size in Iran

In 2021, the Iranian preserved olive market decreased by -70.8% to $X, falling for the sixth year in a row after two years of growth. Overall, consumption showed a precipitous slump. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Preserved Olive Exports

Exports from Iran

In 2021, exports of olives prepared or preserved from Iran expanded rapidly to X tons, surging by 6.2% compared with 2020 figures. In general, exports recorded a buoyant increase. The pace of growth was the most pronounced in 2014 when exports increased by 359% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, preserved olive exports rose significantly to $X in 2021. Over the period under review, exports, however, continue to indicate a noticeable setback. The growth pace was the most rapid in 2014 with an increase of 289% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for preserved olive exports from Iran, with a 54% share of total exports. Moreover, preserved olive exports to the United Arab Emirates exceeded the volume sent to the second major destination, Canada (X tons), fourfold. The third position in this ranking was held by Switzerland (X tons), with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates stood at +53.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+17.1% per year) and Switzerland (+88.5% per year).

In value terms, the largest markets for preserved olive exported from Iran were Canada ($X), the United Arab Emirates ($X) and Cyprus ($X), with a combined 47% share of total exports. These countries were followed by Australia, Sweden, Norway, Switzerland, Turkey and Armenia, which together accounted for a further 28%.

Sweden, with a CAGR of +80.2%, saw the highest growth rate of the value of exports, among the main countries of destination 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, approximately mirroring the previous year. In general, the export price, however, showed a deep reduction. The growth pace was the most rapid in 2018 an increase of 42% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to the United Arab Emirates ($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 Sweden (+6.8%), while the prices for the other major destinations experienced mixed trend patterns.

Preserved Olive Imports

Imports into Iran

In 2021, purchases abroad of olives prepared or preserved decreased by -47.7% to X tons, falling for the sixth year in a row after two years of growth. Overall, imports recorded a sharp downturn. The pace of growth appeared the most rapid in 2015 when imports increased by 97%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, preserved olive imports plummeted to $X in 2021. Over the period under review, imports faced a significant decline. The pace of growth appeared the most rapid in 2015 when imports increased by 104% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons), Turkey (X tons) and Kuwait (X tons) were the main suppliers of preserved olive imports to Iran, together comprising 99% of total imports.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of -7.8%), while purchases for the other leaders experienced a decline.

In value terms, the largest preserved olive suppliers to Iran were the United Arab Emirates ($X), Turkey ($X) and Kuwait ($X), with a combined 99% share of total imports.

Kuwait, with a CAGR of -3.7%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average preserved olive import price stood at $X per ton in 2021, almost unchanged from the previous year. Over the period under review, import price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved olive import price increased by +57.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 57% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+11.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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