Palestine: Olive Market 2020

Olive Market Size in Palestine

The revenue of the olive market in Palestine amounted to $X in 2018, waning by -X% against the previous year. In general, olive consumption continues to indicate a temperate decline. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. In that year, the olive market reached its peak level of $X. From 2013 to 2018, the growth of the olive market failed to regain its momentum.

Olive Production in Palestine

In value terms, olive production amounted to $X in 2018 estimated in export prices. Overall, olive production continues to indicate an abrupt deduction. The most prominent rate of growth was recorded in 2012 when production volume increased by X% y-o-y. In that year, olive production reached its peak level of $X. From 2013 to 2018, olive production growth failed to regain its momentum.

Average yield of olives in Palestine totaled X ton per ha in 2018, rising by X% against the previous year. Over the period under review, the olive yield continues to indicate a strong increase. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, the olive yield reached its peak figure level in 2018 and is expected to retain its growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

Olive harvested area in Palestine amounted to X ha in 2018, dropping by -X% against the previous year. In general, the olive harvested area continues to indicate a deep curtailment. The pace of growth appeared the most rapid in 2012 when harvested area increased by X% y-o-y. Over the period under review, the harvested area dedicated to olive production reached its peak figure at X ha in 2007; however, from 2008 to 2018, harvested area stood at a somewhat lower figure.

Olive Exports

Exports by Country

Portugal was the key exporter of olives exported in the world, with the volume of exports recording X tons, which was approx. X% of total exports in 2018. Spain (X tons) ranks second in terms of the total exports with a X% share, followed by Greece (X%) and Mexico (X%). The following exporters - Syrian Arab Republic (X tons), Italy (X tons) and Jordan (X tons) - together made up X% of total exports.

Portugal was also the fastest-growing in terms of the olives exports, with a CAGR of +X% from 2007 to 2018. At the same time, Spain (+X%), Jordan (+X%), Syrian Arab Republic (+X%) and Greece (+X%) displayed positive paces of growth. By contrast, Italy (-X%) and Mexico (-X%) illustrated a downward trend over the same period. While the share of Portugal (+X p.p.) and Spain (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Mexico (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Portugal ($X) remains the largest olive supplier from Palestine, comprising X% of global exports. The second position in the ranking was occupied by Spain ($X), with a X% share of global exports. It was followed by Greece, with a X% share.

In Portugal, olive exports expanded at an average annual rate of +X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Spain (+X% per year) and Greece (-X% per year).

Export Prices by Country

In 2018, the olive export price in Palestine amounted to $X per ton, approximately equating the previous year. Overall, the olive export price continues to indicate a relatively flat trend pattern. Palestine export price peaked at $X per ton in 2012; however, from 2013 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Italy ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Italy, while the other leaders experienced more modest paces of growth.

Olive Imports

Imports by Country

Italy (X tons) and Spain (X tons) represented the largest importers of olives in 2018, reaching approx. X% and X% of total imports, respectively. The U.S. (X tons) occupied the next position in the ranking, followed by France (X tons), Tunisia (X tons) and Lebanon (X tons). All these countries together took approx. X% share of total imports. The UK (X tons), Israel (X tons), Germany (X tons) and Bulgaria (X tons) occupied a little share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Tunisia, while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constitutes the largest market for imported olives into Palestine, comprising X% of global imports. The second position in the ranking was occupied by France ($X), with a X% share of global imports. It was followed by Spain, with a X% share.

In Italy, olive imports expanded at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: France (+X% per year) and Spain (-X% per year).

Import Prices by Country

The olive import price in Palestine stood at $X per ton in 2018, leveling off at the previous year. Over the period under review, the olive import price continues to indicate a relatively flat trend pattern. Palestine import price peaked in 2018 and is expected to retain its growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per ton), while Lebanon ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Israel, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform