Middle East: Olive Market 2024

Olive Market Size in the Middle East

The Middle Eastern olive market declined to $X in 2022, which is down by -8.5% against the previous year. Over the period under review, consumption saw a perceptible decrease. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Olive Production in the Middle East

In value terms, olive production contracted to $X in 2022 estimated in export price. In general, production showed a abrupt decrease. The most prominent rate of growth was recorded in 2017 when the production volume increased by 39%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Turkey (X tons) constituted the country with the largest volume of olive production, comprising approx. 48% of total volume. Moreover, olive production in Turkey exceeded the figures recorded by the second-largest producer, Syrian Arab Republic (X tons), twofold. The third position in this ranking was held by Saudi Arabia (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Turkey stood at -1.7%. In the other countries, the average annual rates were as follows: Syrian Arab Republic (-4.3% per year) and Saudi Arabia (+6.1% per year).

The average olive yield declined to X tons per ha in 2022, which is down by -3.4% on 2021 figures. Overall, the yield recorded a mild decline. The pace of growth was the most pronounced in 2017 with an increase of 21% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2018 to 2022, the growth of the olive yield remained 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.

The olive harvested area was estimated at X ha in 2022, approximately reflecting 2021 figures. Over the period under review, the harvested area showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the harvested area increased by 5.2% against the previous year. As a result, the harvested area attained the peak level of X ha; afterwards, it flattened through to 2022.

Olive Exports

Exports in the Middle East

In 2022, after two years of growth, there was significant decline in overseas shipments of olives, when their volume decreased by -44% to X tons. Overall, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 338% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, olive exports declined rapidly to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 439% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Jordan (X tons) and Syrian Arab Republic (X tons) represented the key exporters of olives in 2022, accounting for approx. 37% and 36% of total exports, respectively. It was distantly followed by Turkey (X tons), comprising a 21% share of total exports. The United Arab Emirates (X tons) and Lebanon (X tons) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +48.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Jordan ($X) remains the largest olive supplier in the Middle East, comprising 68% of total exports. The second position in the ranking was held by Syrian Arab Republic ($X), with a 13% share of total exports. It was followed by Turkey, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Jordan amounted to +6.5%. 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

The export price in the Middle East stood at $X per ton in 2022, with a decrease of -14.6% against the previous year. Export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the export price increased by 83%. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Jordan ($X per ton), while Syrian Arab Republic ($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 the Middle East

Olive imports declined sharply to X tons in 2022, waning by -29.8% on the previous year's figure. Over the period under review, imports continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2015 when imports increased by 99% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, olive imports plummeted to $X in 2022. In general, imports continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 66%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Israel represented the major importing country with an import of about X tons, which accounted for 61% of total imports. Lebanon (X tons) ranks second in terms of the total imports with a 14% share, followed by the United Arab Emirates (6.3%) and Oman (5%). The following importers - Kuwait (X tons), Bahrain (X tons) and Iraq (X tons) - together made up 9.2% 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 the Middle East, 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. From 2012 to 2022, the share of Israel, Bahrain, Iraq, Kuwait and the United Arab Emirates increased by +25, +2.6, +2.4, +2.1 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X) constitutes the largest market for imported olives in the Middle East, comprising 69% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 10% share of total imports. It was followed by Oman, with a 6.2% share.

In Israel, olive imports increased at an average annual rate of +12.3% over the period from 2012-2022. 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 the Middle East amounted to $X per ton, shrinking by -3.4% against the previous year. Import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% 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 +118.3% against 2016 indices. The pace of growth appeared the most rapid in 2017 when the import price increased by 32%. The level of import peaked at $X per ton in 2021, and then reduced modestly in the following year.

Prices varied noticeably by country of destination: 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

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