MERCOSUR: Olive Market 2025

Olive Market Size in MERCOSUR

The MERCOSUR olive market amounted to $X in 2022, rising by 2% against the previous year. Overall, consumption enjoyed a strong increase. The level of consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Olive Production in MERCOSUR

In value terms, olive production rose modestly to $X in 2022 estimated in export price. In general, production enjoyed prominent growth. The growth pace was the most rapid in 2014 when the production volume increased by 121%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Argentina (X tons) constituted the country with the largest volume of olive production, accounting for 52% of total volume. Moreover, olive production in Argentina exceeded the figures recorded by the second-largest producer, Peru (X tons), twofold. The third position in this ranking was taken by Chile (X tons), with a 20% share.

From 2012 to 2022, the average annual growth rate of volume in Argentina was relatively modest. In the other countries, the average annual rates were as follows: Peru (+5.7% per year) and Chile (+5.9% per year).

In 2022, the average olive yield in MERCOSUR expanded sharply to X tons per ha, picking up by 5.4% on 2021 figures. The yield figure increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 when the yield increased by 20%. The level of yield peaked at X tons per ha in 2019; however, from 2020 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 MERCOSUR shrank slightly to X ha, declining by -4.5% compared with the previous year. Over the period under review, the harvested area, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the harvested area increased by 46%. As a result, the harvested area reached the peak level of X ha. From 2018 to 2022, the growth of the olive harvested area remained at a lower figure.

Olive Exports

Exports in MERCOSUR

Olive exports shrank rapidly to X tons in 2022, reducing by -25.2% on 2021. Over the period under review, exports faced a deep contraction. The pace of growth appeared the most rapid in 2018 with an increase of 440% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, olive exports fell sharply to $X in 2022. In general, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when exports increased by 441% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Peru dominates exports structure, accounting for X tons, which was approx. 90% of total exports in 2022. It was distantly followed by Colombia (X tons), generating a 5.7% share of total exports. Brazil (X tons) held a relatively small share of total exports.

Exports from Peru decreased at an average annual rate of -10.2% from 2012 to 2022. At the same time, Brazil (+134.3%) and Colombia (+12.2%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +134.3% from 2012-2022. Peru (+61 p.p.), Colombia (+5.5 p.p.) and Brazil (+3.8 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Peru ($X) remains the largest olive supplier in MERCOSUR, comprising 93% of total exports. The second position in the ranking was taken by Brazil ($X), with a 2.8% share of total exports.

In Peru, olive exports declined by an average annual rate of -10.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Brazil (+102.7% per year) and Colombia (+13.1% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, increasing by 5.1% against the previous year. Export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, olive export price decreased by -18.8% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the export price increased by 62% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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 Peru ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+0.9%), while the other leaders experienced a decline in the export price figures.

Olive Imports

Imports in MERCOSUR

In 2022, supplies from abroad of olives increased by 28% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2019 when imports increased by 93%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, olive imports surged to $X in 2022. In general, imports, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2018 with an increase of 123% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the three major importers of olives, namely Colombia, Ecuador and Venezuela, represented more than two-thirds of total import. Argentina (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of +30.8%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest olive importing markets in MERCOSUR were Colombia ($X), Ecuador ($X) and Venezuela ($X), with a combined 95% share of total imports.

In terms of the main importing countries, Colombia, with a CAGR of +24.0%, 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 a decline in the imports figures.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, dropping by -4.9% against the previous year. In general, the import price showed a mild slump. The pace of growth was the most pronounced in 2018 when the import price increased by 17% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Argentina ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (-1.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform