MENA: Olive Market 2025

Olive Market Size in MENA

The MENA's olive market reached $X in 2022, rising by 5.2% against the previous year. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Olive Production in MENA

In value terms, olive production expanded slightly to $X in 2022 estimated in export price. The total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -12.2% against 2018 indices. The growth pace was the most rapid in 2017 when the production volume increased by 29% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were Turkey (X tons), Morocco (X tons) and Tunisia (X tons), with a combined 54% share of total production. Egypt, Algeria, Syrian Arab Republic, Saudi Arabia and Libya lagged somewhat behind, together comprising a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Algeria (with a CAGR of +8.5%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average yield of olives in MENA stood at X tons per ha, picking up by 8.9% compared with 2021 figures. The yield figure increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the yield increased by 26%. The level of yield peaked at X tons per ha in 2018; however, from 2019 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 harvested area of olives in MENA shrank modestly to X ha, standing approx. at the previous year's figure. Overall, the harvested area showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the harvested area increased by 6.7%. The level of harvested area peaked at X ha in 2016; however, from 2017 to 2022, the harvested area remained at a lower figure.

Olive Exports

Exports in MENA

In 2022, after two years of growth, there was significant decline in overseas shipments of olives, when their volume decreased by -41.5% to X tons. In general, exports showed a deep setback. The growth pace was the most rapid in 2020 when exports increased by 223% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, olive exports contracted significantly to $X in 2022. Overall, exports, however, posted a mild increase. The growth pace was the most rapid in 2013 with an increase of 395% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Jordan (X tons) and Syrian Arab Republic (X tons) were the largest exporters of olives in MENA, together generating 69% of total exports. It was distantly followed by Turkey (X tons), generating a 20% share of total exports. The following exporters - Egypt (X tons), the United Arab Emirates (X tons) and Lebanon (X tons) - together made up 8.3% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Turkey (with a CAGR of +48.7%), while the other leaders experienced more modest paces of growth.

In value terms, Jordan ($X) remains the largest olive supplier in MENA, comprising 62% of total exports. The second position in the ranking was held by Syrian Arab Republic ($X), with a 12% share of total exports. It was followed by Turkey, with a 12% share.

In Jordan, olive exports increased at an average annual rate of +6.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Syrian Arab Republic (-11.4% per year) and Turkey (+34.6% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, reducing by -11.1% against the previous year. Export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 an increase of 82%. The level of export peaked at $X per ton in 2021, and then contracted in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+4.7%), while the other leaders experienced mixed trends in the export price figures.

Olive Imports

Imports in MENA

In 2022, olive imports in MENA contracted rapidly to X tons, shrinking by -30.6% compared with the year before. Overall, imports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2015 with an increase of 81% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, olive imports fell remarkably to $X in 2022. In general, imports continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2018 with an increase of 62%. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Israel represented the major importer of olives in MENA, with the volume of imports amounting to X tons, which was near 60% of total imports in 2022. Lebanon (X tons) took a 14% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (6.3%) and Oman (4.9%). Kuwait (X tons), Bahrain (X tons) and Iraq (X tons) took a little share of total imports.

Israel experienced a relatively flat trend pattern with regard to volume of imports of olives. At the same time, Iraq (+29.7%) and Kuwait (+2.3%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in MENA, with a CAGR of +29.7% from 2012-2022. By contrast, the United Arab Emirates (-1.5%), Oman (-5.4%), Bahrain (-7.4%) and Lebanon (-12.5%) illustrated a downward trend over the same period. While the share of Israel (+27 p.p.), Bahrain (+2.5 p.p.), Iraq (+2.4 p.p.), Kuwait (+2.2 p.p.) and the United Arab Emirates (+2.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Lebanon (-16.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X) constitutes the largest market for imported olives in MENA, comprising 68% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 10% share of total imports. It was followed by Oman, with a 6.1% share.

From 2012 to 2022, the average annual growth rate of value in Israel totaled +12.3%. In the other countries, the average annual rates were as follows: the United Arab Emirates (-2.5% per year) and Oman (+5.1% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, declining by -2.7% against the previous year. Import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, olive import price increased by +108.4% against 2015 indices. The growth pace was the most rapid in 2017 when the import price increased by 26%. The level of import peaked at $X per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+11.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform