Middle East: Preserved Olive Market 2025

Preserved Olive Market Size in the Middle East

In 2021, the Middle Eastern preserved olive market decreased by -54.5% to $X, falling for the second consecutive year after eight years of growth. In general, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Preserved Olive Production in the Middle East

In value terms, preserved olive production skyrocketed to $X in 2021 estimated in export price. In general, production, however, posted a strong increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 58%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Preserved Olive Exports

Exports in the Middle East

In 2021, exports of olives prepared or preserved in the Middle East expanded notably to X tons, surging by 14% on the year before. The total export volume increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when exports increased by 23% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, preserved olive exports rose notably to $X in 2021. The total export value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 16% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in years to come.

Exports by Country

Turkey prevails in exports structure, reaching X tons, which was approx. 84% of total exports in 2021. It was distantly followed by Syrian Arab Republic (X tons), generating an 8.1% share of total exports. The following exporters - Jordan (X tons) and Lebanon (X tons) - together made up 5.4% of total exports.

From 2012 to 2021, average annual rates of growth with regard to preserved olive exports from Turkey stood at +3.2%. At the same time, Syrian Arab Republic (+8.0%) and Lebanon (+7.5%) displayed positive paces of growth. Moreover, Syrian Arab Republic emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +8.0% from 2012-2021. By contrast, Jordan (-1.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Syrian Arab Republic increased by +2.7 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest preserved olive supplier in the Middle East, comprising 86% of total exports. The second position in the ranking was held by Syrian Arab Republic ($X), with a 4.8% share of total exports. It was followed by Jordan, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value in Turkey totaled +3.5%. In the other countries, the average annual rates were as follows: Syrian Arab Republic (+5.6% per year) and Jordan (+2.3% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, declining by -4.2% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the export price increased by 9.6% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

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 2021, the most notable rate of growth in terms of prices was attained by Jordan (+3.9%), while the other leaders experienced mixed trends in the export price figures.

Preserved Olive Imports

Imports in the Middle East

For the third year in a row, the Middle East recorded growth in supplies from abroad of olives prepared or preserved, which increased by 11% to X tons in 2021. Total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +34.6% against 2018 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 27%. The volume of import peaked in 2021 and is likely to see steady growth in years to come.

In value terms, preserved olive imports stood at $X in 2021. Total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +42.1% against 2018 indices. The growth pace was the most rapid in 2013 with an increase of 22% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Saudi Arabia (X tons) and Iraq (X tons) were the largest importers of olives prepared or preserved in the Middle East, together creating 57% of total imports. The United Arab Emirates (X tons) ranks next in terms of the total imports with a 13% share, followed by Israel (9.2%) and Oman (4.9%). Kuwait (X tons) and Yemen (X tons) held a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Yemen (with a CAGR of +14.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Iraq ($X) and the United Arab Emirates ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 65% share of total imports. These countries were followed by Israel, Oman, Kuwait and Yemen, which together accounted for a further 26%.

Oman, with a CAGR of +14.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, increasing by 1.5% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the import price increased by 9.9%. Over the period under review, import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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 Israel ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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