Market research

Olives market in Cyprus

Olives market in Cyprus

Release date: Mar 27, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

Report language:
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Earlier Report Observations

The market for fresh or chilled olives in Cyprus showed considerable volatility from 2018 to 2023. Starting at 20,061 tons in 2018, consumption jumped to 25,893 tons the following year, then fell steadily to 18,293 tons by 2021. A strong rebound in 2022 brought the market to 24,778 tons, before another decline to 21,300 tons in 2023.

The overall trend across the six-year period was one of sharp annual swings, with the market failing to establish a clear growth trajectory. The peak volume in 2019 was followed by a multi-year drop, and the recovery in 2022 proved temporary.

Table of content

  1. 1. Disclaimer
  2. 2. Terms of use of the report
  3. 3. Product codes in the statistical classifications used in the report
  4. 4. Key Market Indicators and Trends
    1. 4.1. Key Market Indicators
      1. 4.1.1. In kind
        1. 4.1.1.1. Production, 2018-2023
        2. 4.1.1.2. Imports, 2018-2024
        3. 4.1.1.3. Exports, 2018-2024
        4. 4.1.1.4. Market size, 2018-2023
    2. 4.2. Market Trends and Factors
  5. 5. Production
    1. 5.1. Production in Cyprus
      1. 5.1.1. Annual dynamics of production in Cyprus in kind, 2018-2023, t
      2. 5.1.2. Annual dynamics of production in Cyprus in value, 2018-2023, $ US
    2. 5.2. Global production by Country, 2018-2023
      1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
      2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
      3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
      4. 5.2.4. Structure of production by countries in kind, 2018-2023
      5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
  6. 6. Exports
    1. 6.1. Exports (Direct Data)
      1. 6.1.1. Exports - Total information
      2. 6.1.2. Exports in kind, t
        1. 6.1.2.1. Annual dynamics of product's exports from Cyprus in kind, 2018-2024, t
        2. 6.1.2.2. Dynamics of product's exports in kind from Cyprus by countries, 2018-2024, t
        3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
      3. 6.1.3. Exports in value, K $ US
        1. 6.1.3.1. Annual dynamics of product's exports from Cyprus in value, 2018-2024, K $ US
        2. 6.1.3.2. Dynamics of product's exports in value from Cyprus by countries, 2018-2024, K $ US
        3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
      4. 6.1.4. Average price of product's exports, $ US/t
        1. 6.1.4.1. Annual dynamics of average price of product's exports from Cyprus, 2018-2024, $ US/t
        2. 6.1.4.2. Dynamics of average price of product's exports from Cyprus by countries, 2018-2024, $ US/t
    2. 6.2. Exports (Mirror Data)
      1. 6.2.1. Exports - Total information
      2. 6.2.2. Exports in kind, t
        1. 6.2.2.1. Annual dynamics of product's exports from Cyprus in kind, 2018-2024, t
        2. 6.2.2.2. Dynamics of product's exports in kind from Cyprus by countries, 2018-2024, t
        3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
      3. 6.2.3. Exports in value, K $ US
        1. 6.2.3.1. Annual dynamics of product's exports from Cyprus in value, 2018-2024, K $ US
        2. 6.2.3.2. Dynamics of product's exports in value from Cyprus by countries, 2018-2024, K $ US
        3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
      4. 6.2.4. Average price of product's exports, $ US/t
        1. 6.2.4.1. Annual dynamics of average price of product's exports from Cyprus, 2018-2024, $ US/t
        2. 6.2.4.2. Dynamics of average price of product's exports from Cyprus by countries, 2018-2024, $ US/t
  7. 7. Imports
    1. 7.1. Imports (Direct Data)
      1. 7.1.1. Imports - Total information
      2. 7.1.2. Imports in kind, t
        1. 7.1.2.1. Annual dynamics of product's imports to Cyprus in kind, 2018-2024, t
        2. 7.1.2.2. Dynamics of product's imports in kind to Cyprus by countries, 2018-2024, t
        3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
      3. 7.1.3. Imports in value, K $ US
        1. 7.1.3.1. Annual dynamics of product's imports to Cyprus in value, 2018-2024, K $ US
        2. 7.1.3.2. Dynamics of product's imports in value to Cyprus by countries, 2018-2024, K $ US
        3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
      4. 7.1.4. Average price of product's imports, $ US/t
        1. 7.1.4.1. Annual dynamics of average price of product's imports to Cyprus, 2018-2024, $ US/t
        2. 7.1.4.2. Dynamics of average price of product's imports to Cyprus by countries, 2018-2024, $ US/t
    2. 7.2. Imports (Mirror Data)
      1. 7.2.1. Imports - Total information
      2. 7.2.2. Imports in kind, t
        1. 7.2.2.1. Annual dynamics of product's imports to Cyprus in kind, 2018-2024, t
        2. 7.2.2.2. Dynamics of product's imports in kind to Cyprus by countries, 2018-2024, t
        3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
      3. 7.2.3. Imports in value, K $ US
        1. 7.2.3.1. Annual dynamics of product's imports to Cyprus in value, 2018-2024, K $ US
        2. 7.2.3.2. Dynamics of product's imports in value to Cyprus by countries, 2018-2024, K $ US
        3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
      4. 7.2.4. Average price of product's imports, $ US/t
        1. 7.2.4.1. Annual dynamics of average price of product's imports to Cyprus, 2018-2024, $ US/t
        2. 7.2.4.2. Dynamics of average price of product's imports to Cyprus by countries, 2018-2024, $ US/t
  8. 8. Trade balance
    1. 8.1. Trade balance (Direct Data)
      1. 8.1.1. In kind, t
      2. 8.1.2. In value, K $ US
    2. 8.2. Trade balance (Mirror Data)
      1. 8.2.1. In kind, t
      2. 8.2.2. In value, K $ US
  9. 9. Top buying and selling countries, 2018-2024
    1. 9.1. Direct Data
      1. 9.1.1. Import in Value by Countries-buyers
      2. 9.1.2. Export in Value by Countries-suppliers
    2. 9.2. Mirror Data
      1. 9.2.1. Import in Value by Countries-buyers
      2. 9.2.2. Export in Value by Countries-suppliers

Production olives in Cyprus

In kind, 2017-2020, t

From 2017 to 2020, Cyprus ranked 27th globally in olive production.

Top producers of olives, 2017-2020

Source: SHEV.io

World map of production of olives, 2017-2020

Source: SHEV.io

After two years of growth, Cyprus's olive production declined. In 2020, the country produced 22 010 tonnes of olives, down 13.8% from the previous year. Over the 2017-2020 period, production increased by 12.9%, with a compound annual growth rate of 4.1%. The highest production level was recorded in 2019 at 25 520 tonnes, which also saw the largest annual increase of 27.4%.

Annual dynamics of production in Cyprus in kind, 2017-2020, t

Parameter201820192020CAGR
1Change from last year2.7%27.4%(13.8%)4.1%
Source: SHEV.io

Exports olives from Cyprus

Exports in kind, t

The market showed significant volatility during these years. Exports reached their lowest point in 2020 and peaked in 2019, with a 3.4-fold difference between these years. In 2020, Cyprus's cross-border shipments of olives stood at 1.0 tonne, representing a sharp decline of 70.6% compared to 2019. The maximum export volume was recorded in 2019 at 3.3 tonnes, which also saw the largest annual increase of 143.3%.

Annual dynamics of product's exports from Cyprus in kind, 2017-2020, t

Parameter201820192020CAGR
1Change from last year(47.7%)143.3%(70.6%)(28.0%)
Source: SHEV.io

From 2017 to 2020, the United Kingdom and the United States together accounted for 90.2% of total olive exports in volume, with the remaining flows distributed thinly across other markets.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Cyprus in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

The data reveals irregular changes, indicating a volatile market environment. Export values fell to their lowest point in 2020 after peaking in 2019, showing a 2.6-fold amplitude. In 2020, olive deliveries from Cyprus totalled 3.8 thousand US dollars, marking a sharp drop of 61.7% from the previous year. The maximum value was recorded in 2019 at 9.8 thousand US dollars, which also saw the largest annual increase of 91.3%.

Annual dynamics of product's exports from Cyprus in value, 2017-2020, K $ US

Parameter201820192020CAGR
1Change from last year(42.7%)91.3%(61.7%)(25.1%)
Source: SHEV.io

Over the 2017-2020 period, the United Kingdom and the United States clearly dominated the partner structure for olive exports in value terms, while other countries together formed the remaining share.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Cyprus in value, 2017-2020

Source: SHEV.io

Imports olives to Cyprus

Imports in kind, t

The market showed signs of volatility over the observed period. Import volumes hit their lowest point in 2017 and reached their maximum in 2019, with a variation of 95 times between these years. In 2020, Cyprus's olive import volume totalled 147.3 tonnes, which is 60.9% less than the previous year. The maximum import volume was recorded in 2019 at 376.6 tonnes, which also saw the largest annual increase of 1,049.2%.

Annual dynamics of product's imports to Cyprus in kind, 2017-2020, t

Parameter201820192020CAGR
1Change from last year726.4%1 049.2%(60.9%)233.7%
Source: SHEV.io

Throughout 2017-2020, the partner structure of olive imports in volume was dominated by Greece, which consistently accounted for 98.5% of total flows.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Cyprus in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

The market exhibited an unstable trend throughout the timeframe. Import values varied 81 times from the low in 2017 to the high in 2019. In 2020, Cyprus imported 268.1 thousand US dollars worth of olives, which is 61.4% weaker than a year earlier. The maximum value was recorded in 2019 at 693.9 thousand US dollars, while the largest annual increase occurred in 2018 at 942.6%.

Annual dynamics of product's imports to Cyprus in value, 2017-2020, K $ US

Parameter201820192020CAGR
1Change from last year942.6%672.3%(61.4%)214.5%
Source: SHEV.io

In 2017-2020, the geographical pattern of olive imports in value terms reflected a strong dependence on Greece, which absorbed 98.2% of total flows.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Cyprus in value, 2017-2020

Source: SHEV.io

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