South-Eastern Asia: Preserved Olive Market 2025

Preserved Olive Market Size in South-Eastern Asia

In 2021, after two years of growth, there was decline in the Southeast Asian preserved olive market, when its value decreased by -0.6% to $X. The total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +8.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +30.9% against 2016 indices. The level of consumption peaked at $X in 2020, and then contracted slightly in the following year.

Preserved Olive Production in South-Eastern Asia

In value terms, preserved olive production reduced to $X in 2021 estimated in export price. The total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +8.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +35.1% against 2016 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by 73%. Over the period under review, production attained the peak level at $X in 2020, and then declined in the following year.

Preserved Olive Exports

Exports in South-Eastern Asia

In 2021, overseas shipments of olives prepared or preserved decreased by -26.9% to X tons, falling for the fourth year in a row after four years of growth. Over the period under review, exports showed a drastic downturn. The pace of growth appeared the most rapid in 2015 with an increase of 24%. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, preserved olive exports shrank to $X in 2021. Overall, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of 17%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Singapore dominates exports structure, reaching X tons, which was approx. 86% of total exports in 2021. It was distantly followed by Vietnam (X tons) and Malaysia (X tons), together generating a 12% share of total exports. Thailand (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to preserved olive exports from Singapore stood at -6.2%. At the same time, Vietnam (+29.6%) and Malaysia (+1.4%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +29.6% from 2012-2021. By contrast, Thailand (-6.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Vietnam and Malaysia increased by +6.2 and +2.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest preserved olive supplier in South-Eastern Asia, comprising 85% of total exports. The second position in the ranking was held by Vietnam ($X), with a 7.5% share of total exports. It was followed by Malaysia, with a 5.2% share.

In Singapore, preserved olive exports shrank by an average annual rate of -8.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Vietnam (+17.9% per year) and Malaysia (+3.6% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, increasing by 18% against the previous year. Overall, the export price, however, saw a perceptible reduction. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Thailand ($X per ton) and Vietnam ($X per ton), while Malaysia ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+2.5%), while the other leaders experienced mixed trends in the export price figures.

Preserved Olive Imports

Imports in South-Eastern Asia

Preserved olive imports expanded remarkably to X tons in 2021, growing by 13% on 2020. Total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 24%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, preserved olive imports stood at $X in 2021. Total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 20% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in years to come.

Imports by Country

In 2021, Vietnam (X tons), the Philippines (X tons), Singapore (X tons) and Malaysia (X tons) represented the main importer of olives prepared or preserved in South-Eastern Asia, making up 83% of total import. It was distantly followed by Thailand (X tons) and Indonesia (X tons), together making up a 15% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Vietnam (with a CAGR of +28.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Vietnam ($X) and the Philippines ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 69% of total imports.

Vietnam, with a CAGR of +25.1%, recorded 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 South-Eastern Asia stood at $X per ton in 2021, which is down by -1.5% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 15% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+1.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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