Turkey: Preserved Olive Market 2025

Preserved Olive Market Size in Turkey

In 2021, the Turkish preserved olive market decreased by -63.9% to $X, falling for the second consecutive year after eight years of growth. Overall, consumption recorded a perceptible descent. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Preserved Olive Production in Turkey

In value terms, preserved olive production surged to $X in 2021 estimated in export price. Overall, production, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2015 when the production volume increased by 61%. Preserved olive production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Preserved Olive Exports

Exports from Turkey

In 2021, the amount of olives prepared or preserved exported from Turkey expanded significantly to X tons, picking up by 14% on the year before. In general, total exports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +66.6% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of 31%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, preserved olive exports reached $X in 2021. The total export value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 21%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Iraq (X tons), Romania (X tons) and Germany (X tons) were the main destinations of preserved olive exports from Turkey, with a combined 59% share of total exports. These countries were followed by the United States, Bulgaria, Israel, the UK and the Netherlands, which together accounted for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Israel (with a CAGR of +40.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for preserved olive exported from Turkey were Germany ($X), Iraq ($X) and Romania ($X), together accounting for 57% of total exports. These countries were followed by the United States, Bulgaria, the UK, Israel and the Netherlands, which together accounted for a further 22%.

In terms of the main countries of destination, Israel, with a CAGR of +34.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average preserved olive export price stood at $X per ton in 2021, reducing by -5% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by 12% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Bulgaria ($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 Bulgaria (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Olive Imports

Imports into Turkey

Preserved olive imports into Turkey fell markedly to X tons in 2021, shrinking by -61% compared with the previous year's figure. Overall, imports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2013 with an increase of 332%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, preserved olive imports fell remarkably to $X in 2021. Over the period under review, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 293%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of preserved olive to Turkey, accounting for a 59% share of total imports. Moreover, preserved olive imports from the United States exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), fivefold. Iraq (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled +30.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+189.2% per year) and Iraq (-2.9% per year).

In value terms, the United States ($X) constituted the largest supplier of olives prepared or preserved to Turkey, comprising 49% of total imports. The second position in the ranking was taken by Iraq ($X), with a 14% share of total imports. It was followed by Belgium, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +24.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Iraq (-7.4% per year) and Belgium (0.0% per year).

Import Prices by Country

In 2021, the average preserved olive import price amounted to $X per ton, with an increase of 11% against the previous year. In general, the import price, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when the average import price increased by 16%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+14.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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