Israel: Preserved Olive Market 2025

Preserved Olive Market Size in Israel

The Israeli preserved olive market expanded notably to $X in 2021, growing by 8.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption posted a significant increase. Over the period under review, the market attained the peak level in 2021 and is likely to see steady growth in the immediate term.

Preserved Olive Exports

Exports from Israel

In 2021, the amount of olives prepared or preserved exported from Israel reduced notably to X tons, which is down by -23.7% against the previous year's figure. Over the period under review, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 when exports increased by 39% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, preserved olive exports dropped significantly to $X in 2021. Overall, exports saw a abrupt downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 56% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for preserved olive exports from Israel, with a 56% share of total exports. Moreover, preserved olive exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), threefold. The third position in this ranking was taken by Australia (X tons), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at -16.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-9.2% per year) and Australia (-15.6% per year).

In value terms, the United States ($X) remains the key foreign market for olives prepared or preserved exports from Israel, comprising 56% of total exports. The second position in the ranking was taken by the UK ($X), with a 16% share of total exports. It was followed by Australia, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to -16.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-7.3% per year) and Australia (-9.2% per year).

Export Prices by Country

The average preserved olive export price stood at $X per ton in 2021, growing by 2.1% against the previous year. Overall, export price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved olive export price increased by +15.0% against 2019 indices. The pace of growth was the most pronounced in 2016 when the average export price increased by 41% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Canada ($X per ton) and Australia ($X per ton), while the average price for exports to France ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Olive Imports

Imports into Israel

In 2021, imports of olives prepared or preserved into Israel rose remarkably to X tons, surging by 9.1% on 2020. Overall, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 72% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, preserved olive imports rose significantly to $X in 2021. In general, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 37% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

Greece (X tons), Egypt (X tons) and Turkey (X tons) were the main suppliers of preserved olive imports to Israel, together comprising 75% of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +33.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved olive suppliers to Israel were Greece ($X), Egypt ($X) and Turkey ($X), with a combined 75% share of total imports.

Among the main suppliers, Turkey, with a CAGR of +34.6%, recorded 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 average preserved olive import price amounted to $X per ton, waning by -3.3% against the previous year. Overall, import price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved olive import price increased by +94.0% against 2017 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 62%. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then fell in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Greece ($X per ton) and Turkey ($X per ton), while the price for France ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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