New Zealand: Preserved Olive Market 2024

Preserved Olive Market Size in New Zealand

The New Zealand preserved olive market expanded remarkably to $X in 2021, with an increase of 12% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Preserved Olive Exports

Exports from New Zealand

In 2021, the amount of olives prepared or preserved exported from New Zealand soared to X tons, increasing by 96% on the previous year. Overall, exports, however, recorded a noticeable slump. The pace of growth appeared the most rapid in 2014 when exports increased by 804% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, preserved olive exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by 220% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X tons) was the main destination for preserved olive exports from New Zealand, with a 56% share of total exports. Moreover, preserved olive exports to Australia exceeded the volume sent to the second major destination, Fiji (X tons), threefold. The third position in this ranking was taken by Malaysia (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Australia totaled +17.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (+20.5% per year) and Malaysia (+44.8% per year).

In value terms, Australia ($X) remains the key foreign market for olives prepared or preserved exports from New Zealand, comprising 53% of total exports. The second position in the ranking was taken by Fiji ($X), with a 15% share of total exports. It was followed by Malaysia, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Australia stood at +9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (+18.9% per year) and Malaysia (+23.4% per year).

Export Prices by Country

The average preserved olive export price stood at $X per ton in 2021, waning by -3% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average export price increased by 173% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was French Polynesia ($X per ton), while the average price for exports to Vanuatu ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Papua New Guinea (+3.2%), while the prices for the other major destinations experienced mixed trend patterns.

Preserved Olive Imports

Imports into New Zealand

Preserved olive imports into New Zealand expanded notably to X tons in 2021, surging by 8.6% compared with the previous year. Overall, imports, however, saw a pronounced shrinkage. The pace of growth was the most pronounced in 2014 with an increase of 27% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, preserved olive imports rose markedly to $X in 2021. The total import value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 23%. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

Spain (X tons), Greece (X tons) and Australia (X tons) were the main suppliers of preserved olive imports to New Zealand, together accounting for 93% of total imports. These countries were followed by Italy and Morocco, which together accounted for a further 4.6%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Morocco (with a CAGR of +3.5%), while imports for the other leaders experienced a decline.

In value terms, Greece ($X), Spain ($X) and Australia ($X) appeared to be the largest preserved olive suppliers to New Zealand, together comprising 91% of total imports. Italy and Morocco lagged somewhat behind, together accounting for a further 6.8%.

Morocco, with a CAGR of +12.7%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average preserved olive import price stood at $X per ton in 2021, rising by 5.7% against the previous year. In general, import price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved olive import price increased by +6.5% against 2019 indices. The growth pace was the most rapid in 2015 an increase of 62% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; afterwards, it flattened through to 2021.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Morocco (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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