MERCOSUR: Preserved Olive Market 2025

Preserved Olive Market Size in MERCOSUR

The MERCOSUR preserved olive market expanded significantly to $X in 2021, picking up by 7.1% against the previous year. The market value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Preserved Olive Production in MERCOSUR

In value terms, preserved olive production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 15%. The level of production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Preserved Olive Exports

Exports in MERCOSUR

In 2021, overseas shipments of olives prepared or preserved decreased by -15.3% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a perceptible setback. The pace of growth appeared the most rapid in 2016 when exports increased by 26%. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, preserved olive exports declined to $X in 2021. Overall, exports showed a pronounced curtailment. The pace of growth was the most pronounced in 2016 with an increase of 26%. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Argentina was the key exporting country with an export of around X tons, which finished at 60% of total exports. It was distantly followed by Peru (X tons), committing a 39% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Peru (with a CAGR of +5.5%).

In value terms, the largest preserved olive supplying countries in MERCOSUR were Argentina ($X) and Peru ($X).

Among the main exporting countries, Peru, with a CAGR of +2.5%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2021, increasing by 5.9% against the previous year. In general, the export price, however, saw a mild curtailment. The most prominent rate of growth was recorded in 2014 when the export price increased by 9.4% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while Peru stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (-0.4%).

Preserved Olive Imports

Imports in MERCOSUR

After two years of growth, overseas purchases of olives prepared or preserved decreased by -10.9% to X tons in 2021. The total import volume increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 18%. As a result, imports attained the peak of X tons, and then fell in the following year.

In value terms, preserved olive imports totaled $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 15% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Brazil dominates imports structure, recording X tons, which was near 85% of total imports in 2021. It was distantly followed by Chile (X tons), committing a 7.1% share of total imports. The following importers - Uruguay (X tons), Colombia (X tons) and Venezuela (X tons) - each resulted at a 5.4% share of total imports.

Imports into Brazil increased at an average annual rate of +1.5% from 2012 to 2021. At the same time, Chile (+14.8%), Colombia (+11.8%) and Uruguay (+2.6%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +14.8% from 2012-2021. By contrast, Venezuela (-9.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Chile increased by +4.7 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported olives prepared or preserved in MERCOSUR, comprising 75% of total imports. The second position in the ranking was held by Chile ($X), with an 11% share of total imports. It was followed by Colombia, with a 4.6% share.

In Brazil, preserved olive imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Chile (+15.3% per year) and Colombia (+14.1% per year).

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per ton, with an increase of 16% against the previous year. Overall, the import price, however, continues to indicate a mild reduction. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Colombia ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+2.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform