Ukraine: Preserved Olive Market 2025

Preserved Olive Market Size in Ukraine

In 2021, the Ukrainian preserved olive market increased by 14% to $X, rising for the sixth year in a row after three years of decline. Over the period under review, the total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +155.1% against 2015 indices. Preserved olive consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Preserved Olive Exports

Exports from Ukraine

In 2021, exports of olives prepared or preserved from Ukraine declined to X tons, dropping by -14.7% compared with the year before. In general, exports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2020 when exports increased by 446%. As a result, the exports attained the peak of X tons, and then shrank in the following year.

In value terms, preserved olive exports fell to $X in 2021. Overall, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 344%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Armenia (X tons) was the main destination for preserved olive exports from Ukraine, with a 69% share of total exports. Moreover, preserved olive exports to Armenia exceeded the volume sent to the second major destination, Spain (X tons), threefold. Georgia (X kg) ranked third in terms of total exports with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Armenia totaled -21.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+2.5% per year) and Georgia (+72.4% per year).

In value terms, the largest markets for preserved olive exported from Ukraine were Armenia ($X), Spain ($X) and Georgia ($X), with a combined 91% share of total exports.

Georgia, with a CAGR of +56.5%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination 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, surging by 8.3% against the previous year. Over the period under review, the export price, however, showed a mild curtailment. The growth pace was the most rapid in 2015 an increase of 26%. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Moldova ($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 Armenia (+26.8%), while the prices for the other major destinations experienced mixed trend patterns.

Preserved Olive Imports

Imports into Ukraine

In 2021, purchases abroad of olives prepared or preserved increased by 12% to X tons, rising for the sixth year in a row after three years of decline. Overall, imports, however, saw a mild contraction. The most prominent rate of growth was recorded in 2018 with an increase of 24% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, preserved olive imports expanded remarkably to $X in 2021. Over the period under review, imports saw a resilient increase. The pace of growth appeared the most rapid in 2018 when imports increased by 26% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of preserved olive to Ukraine, accounting for a 73% share of total imports. Moreover, preserved olive imports from Spain exceeded the figures recorded by the second-largest supplier, Greece (X tons), more than tenfold. Portugal (X tons) ranked third in terms of total imports with a 5.8% share.

From 2012 to 2021, the average annual growth rate of volume from Spain totaled -4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (-2.4% per year) and Portugal (+23.8% per year).

In value terms, Spain ($X) constituted the largest supplier of olives prepared or preserved to Ukraine, comprising 68% of total imports. The second position in the ranking was held by Greece ($X), with a 9.7% share of total imports. It was followed by Italy, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain stood at +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+2.1% per year) and Italy (+27.8% per year).

Import Prices by Country

In 2021, the average preserved olive import price amounted to $X per ton, growing by 3% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved olive import price increased by +84.7% against 2012 indices. The most prominent rate of growth was recorded in 2014 an increase of 30% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

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 Italy ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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