Southern Asia: Preserved Olive Market 2024

Preserved Olive Market Size in Southern Asia

The South Asian preserved olive market rose markedly to $X in 2021, surging by 7.3% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Preserved Olive Production in Southern Asia

In value terms, preserved olive production amounted to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 30%. The level of production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Preserved Olive Exports

Exports in Southern Asia

In 2021, the amount of olives prepared or preserved exported in Southern Asia declined remarkably to X tons, with a decrease of -67.1% against the previous year's figure. In general, exports saw a deep downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 254%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, preserved olive exports fell markedly to $X in 2021. Over the period under review, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 203% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bangladesh dominates exports structure, amounting to X tons, which was approx. 90% of total exports in 2021. It was distantly followed by India (X tons), creating a 4.7% share of total exports. Afghanistan (X tons) held a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to preserved olive exports from Bangladesh stood at -11.0%. At the same time, India (+21.4%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +21.4% from 2012-2021. By contrast, Afghanistan (-16.2%) illustrated a downward trend over the same period. India (+4.7 p.p.) and Afghanistan (+3.6 p.p.) significantly strengthened its position in terms of the total exports, while Bangladesh saw its share reduced by -8.8% from 2012 to 2021, respectively.

In value terms, Bangladesh ($X) emerged as the largest preserved olive supplier in Southern Asia, comprising 86% of total exports. The second position in the ranking was held by India ($X), with a 6.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Bangladesh stood at -14.6%. In the other countries, the average annual rates were as follows: India (-13.8% per year) and Afghanistan (-16.6% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, jumping by 31% against the previous year. In general, the export price, however, saw a pronounced downturn. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 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 Afghanistan ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Afghanistan (-0.5%), while the other leaders experienced a decline in the export price figures.

Preserved Olive Imports

Imports in Southern Asia

In 2021, preserved olive imports in Southern Asia soared to X tons, with an increase of 66% compared with the year before. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 87% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, preserved olive imports skyrocketed to $X in 2021. In general, imports continue to indicate buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India represented the key importing country with an import of about X tons, which finished at 52% of total imports. It was distantly followed by Pakistan (X tons), Bangladesh (X tons), Afghanistan (X tons) and Sri Lanka (X tons), together comprising a 44% share of total imports. Maldives (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to preserved olive imports into India stood at +26.7%. At the same time, Bangladesh (+43.8%), Pakistan (+22.0%), Sri Lanka (+17.2%), Maldives (+8.9%) and Afghanistan (+5.9%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +43.8% from 2012-2021. From 2012 to 2021, the share of India and Bangladesh increased by +17 and +6.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X), Pakistan ($X) and Bangladesh ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 83% of total imports.

Bangladesh, with a CAGR of +41.7%, 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 Southern Asia stood at $X per ton in 2021, which is down by -4.7% against the previous year. In general, the import price showed a noticeable downturn. The growth pace was the most rapid in 2020 when the import price increased by 20%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Pakistan ($X per ton) and Sri Lanka ($X per ton), while Afghanistan ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+5.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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