Global Olive Market 2025

Olive Market Size

The global olive market totaled $X in 2022, growing by 2.4% against the previous year. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the global market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Olive Production

In value terms, olive production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by 26%. As a result, production attained the peak level of $X. From 2019 to 2022, global production growth remained at a lower figure.

Spain (X tons) remains the largest olive producing country worldwide, comprising approx. 34% of total volume. Moreover, olive production in Spain exceeded the figures recorded by the second-largest producer, Greece (X tons), twofold. The third position in this ranking was held by Italy (X tons), with a 9.3% share.

From 2012 to 2022, the average annual growth rate of volume in Spain totaled +7.9%. The remaining producing countries recorded the following average annual rates of production growth: Greece (+1.8% per year) and Italy (-2.9% per year).

The global average olive yield amounted to X tons per ha in 2022, remaining constant against 2021 figures. The yield figure increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when the yield increased by 28%. The global yield peaked at X tons per ha in 2018; however, from 2019 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The global olive harvested area reached X ha in 2022, stabilizing at 2021 figures. Over the period under review, the harvested area showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the harvested area increased by 4.1% against the previous year. As a result, the harvested area attained the peak level of X ha; afterwards, it flattened through to 2022.

Olive Exports

Exports

In 2022, the amount of olives exported worldwide contracted notably to X tons, shrinking by -27.7% on 2021. In general, exports, however, continue to indicate strong growth. The growth pace was the most rapid in 2021 with an increase of 73%. As a result, the exports reached the peak of X tons, and then fell notably in the following year.

In value terms, olive exports fell dramatically to $X in 2022. Overall, total exports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +24.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. As a result, the exports reached the peak of $X, and then declined remarkably in the following year.

Exports by Country

Portugal represented the key exporting country with an export of around X tons, which recorded 70% of total exports. It was distantly followed by Spain (X tons), mixing up an 18% share of total exports. The following exporters - Greece (X tons) and the Netherlands (X tons) - together made up 5.4% of total exports.

From 2012 to 2022, average annual rates of growth with regard to olive exports from Portugal stood at +16.2%. At the same time, the Netherlands (+36.4%) and Spain (+10.5%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +36.4% from 2012-2022. By contrast, Greece (-7.7%) illustrated a downward trend over the same period. While the share of Portugal (+42 p.p.), Spain (+6.1 p.p.) and the Netherlands (+2 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Greece (-9.6 p.p.) displayed negative dynamics.

In value terms, Portugal ($X) remains the largest olive supplier worldwide, comprising 46% of global exports. The second position in the ranking was held by the Netherlands ($X), with a 16% share of global exports. It was followed by Spain, with a 14% share.

In Portugal, olive exports increased at an average annual rate of +12.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Netherlands (+46.7% per year) and Spain (+1.4% per year).

Export Prices by Country

The average olive export price stood at $X per ton in 2022, jumping by 15% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2020 when the average export price increased by 22%. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.6%), while the other global leaders experienced a decline in the export price figures.

Olive Imports

Imports

In 2022, global olive imports reduced modestly to X tons, with a decrease of -4.9% compared with 2021. In general, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 46%. As a result, imports attained the peak of X tons, and then reduced slightly in the following year.

In value terms, olive imports declined to $X in 2022. Over the period under review, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.8% against 2017 indices. The growth pace was the most rapid in 2021 with an increase of 46% against the previous year. As a result, imports attained the peak of $X, and then reduced modestly in the following year.

Imports by Country

In 2022, Portugal (X tons), distantly followed by Spain (X tons), Italy (X tons) and the United States (X tons) were the major importers of olives, together making up 82% of total imports. The Netherlands (X tons), Poland (X tons) and France (X tons) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Poland (with a CAGR of +30.9%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Portugal ($X), Italy ($X) and Spain ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 55% of global imports.

Among the main importing countries, Portugal, with a CAGR of +26.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average olive import price stood at $X per ton in 2022, rising by 3.3% against the previous year. In general, the import price, however, saw a pronounced curtailment. The pace of growth was the most pronounced in 2017 when the average import price increased by 13%. Global import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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