Global Preserved Olive Market 2025

Preserved Olive Market Size

In 2021, the global preserved olive market decreased by -10.6% to $X, falling for the second consecutive year after eight years of growth. Over the period under review, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.5% 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 decreased by -15.5% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the global market failed to regain momentum.

Preserved Olive Production

In value terms, preserved olive production totaled $X in 2021 estimated in export price. Over the period under review, production, however, recorded buoyant growth. The pace of growth was the most pronounced in 2019 when the production volume increased by 28% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, global production growth remained at a somewhat lower figure.

Preserved Olive Exports

Exports

In 2021, global exports of olives prepared or preserved expanded notably to X tons, growing by 6.3% on the previous year. The total export volume 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 most prominent rate of growth was recorded in 2016 with an increase of 19%. Over the period under review, the global exports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, preserved olive exports amounted to $X in 2021. The total export value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2014 when exports increased by 9.2%. The global exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

In 2021, Spain (X tons) was the key exporter of olives prepared or preserved, generating 41% of total exports. Greece (X tons) held a 19% share (based on physical terms) of total exports, which put it in second place, followed by Morocco (10%) and Turkey (7.5%). The following exporters - Argentina (X tons), Egypt (X tons), Italy (X tons), Peru (X tons), Portugal (X tons) and Belgium (X tons) - together made up 15% of total exports.

Exports from Spain increased at an average annual rate of +1.9% from 2012 to 2021. At the same time, Italy (+11.8%), Belgium (+9.1%), Egypt (+8.8%), Greece (+8.3%), Peru (+5.5%), Morocco (+5.3%) and Turkey (+3.2%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing exporter exported in the world, with a CAGR of +11.8% from 2012-2021. Portugal experienced a relatively flat trend pattern. By contrast, Argentina (-5.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Greece increased by +6.5 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Spain ($X), Greece ($X) and Morocco ($X) constituted the countries with the highest levels of exports in 2021, together comprising 69% of global exports. Turkey, Italy, Egypt, Belgium, Argentina, Peru and Portugal lagged somewhat behind, together comprising a further 23%.

Italy, with a CAGR of +9.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average preserved olive export price stood at $X per ton in 2021, flattening at the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 4.7% against the previous year. The global export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+2.3%), while the other global leaders experienced mixed trends in the export price figures.

Preserved Olive Imports

Imports

In 2021, approx. X tons of olives prepared or preserved were imported worldwide; picking up by 3.7% against 2020. The total import volume increased at an average annual rate of +3.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 when imports increased by 11%. Over the period under review, global imports reached the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, preserved olive imports expanded notably to $X in 2021. The total import value increased at an average annual rate of +3.5% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), Brazil (X tons), France (X tons), Italy (X tons), Germany (X tons) and Russia (X tons) represented roughly 49% of total imports in 2021. The following importers - Romania (X tons), Belgium (X tons), Saudi Arabia (X tons), Canada (X tons), the UK (X tons), the Netherlands (X tons) and Iraq (X tons) - together made up 19% 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 the Netherlands (with a CAGR of +14.9%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported olives prepared or preserved worldwide, comprising 21% of global imports. The second position in the ranking was taken by Germany ($X), with a 7.4% share of global imports. It was followed by France, with a 7.1% share.

In the United States, preserved olive imports expanded at an average annual rate of +1.6% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+3.5% per year) and France (+4.3% per year).

Import Prices by Country

The average preserved olive import price stood at $X per ton in 2021, surging by 5% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 7.4% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+3.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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