Preserved olives market in Americas

Earlier Report Observations

The preserved olives market in the Americas experienced significant fluctuations in volume from 2018 to 2023. Initially, market volume reached 347.9 thousand tons in 2018, supported by a rapid 16% increase in imports which expanded available supply. The following year, volume contracted to 243.7 thousand tons despite import activity peaking, as a surge in exports redirected product away from the domestic market. In 2020, supply chain and market access challenges emerged, likely related to the COVID-19 pandemic, yet import volumes still rose, contributing to a market recovery to 279.2 thousand tons.

Market volume then surged to a period high of 348.2 thousand tons in 2021 before declining to 278.6 thousand tons in 2022. By 2023, volume fell sharply to 188.9 thousand tons, a year in which the market's value peaked, indicating substantial price increases and a shift in demand dynamics that reduced physical consumption.

In 2024, import volumes continued to grow, rising by 8.4%, while the average import price increased by 17%, reflecting ongoing cost pressures. Concurrently, the launch of innovative, eco-friendly aluminum packaging with a reusable cap by Neolea for olive oil highlighted a broader industry trend toward packaging innovations aimed at preserving quality and freshness, which can influence adjacent segments like preserved olives.

Production preserved olives in Americas

In kind, 2017-2020, K t

Top producers of preserved olives, 2017-2020

World map of production of preserved olives, 2017-2020

Production of preserved olives in the Americas declined for the second year in a row. In 2020, the region produced 235.7 thousand tons, marking a modest decrease of 7.4% compared to 2019. Looking at the broader period from 2017 to 2020, production actually grew by 45.4%, which translates to an average annual increase of 13.3%. The peak was reached in 2018 with 259.2 thousand tons, when production surged by 60.0%—the largest annual gain during this timeframe.

Annual dynamics of production in Americas in kind, 2017-2020, K t

Exports preserved olives from Americas

Exports in kind, K t

The export market for preserved olives from the Americas experienced notable volatility over the observed period. Exports hit their lowest point in 2018 at 88.7 thousand tons and peaked in 2019 at 185.4 thousand tons, representing a 2.1-fold difference between these years. In 2020, cross-border shipments totaled 159.4 thousand tons, down 14.0% from the previous year. The largest decline occurred in 2018, falling by 43.2%, while the most significant increase was in 2019, jumping by 109.1%.

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

From 2017 to 2020, the top buyers of preserved olives from the Americas were Spain (accounting for 2.8% of exports in volume), Germany (2.7%), and the United Kingdom (1.5%). However, their combined share was just 7.0% of total exports, highlighting a highly diversified country structure with many smaller partners.

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

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

Exports in value, M $ US

In 2020, the Americas exported preserved olives worth 510.2 million US dollars, showing a limited decline of 3.2% compared to the previous year. Over the period from 2017 to 2020, exports increased by 10.3%, averaging an annual growth rate of 3.3%. The lowest value was recorded in 2018 at 417.9 million US dollars, while the highest was in 2019 at 527.1 million US dollars. The largest decline occurred in 2018, dropping by 9.6%, and the biggest increase was in 2019, rising by 26.1%.

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

Between 2017 and 2020, Germany (2.9% of exports by value), Spain (2.4%), and the United Kingdom (1.6%) were the largest buyers of preserved olives from the Americas, but they were not dominant. Together, they accounted for only 6.9% of total export value, reflecting a broad and varied network of smaller trading partners.

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

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

Imports preserved olives to Americas

Imports in kind, K t

Import volumes of preserved olives into the Americas showed noticeable fluctuations during this period. The lowest point was in 2019 at 174.8 thousand tons, while the peak was in 2017, resulting in a 3.7-fold variation between these years. In 2020, imports reached a total of value_last_year thousand tons, indicating an uptick of 16.1% relative to the prior year. The largest decline was recorded in 2018, falling by 72.7%.

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

From 2017 to 2020, imports of preserved olives to the Americas were spread across many countries. Spain (17.2% of imports by volume), Egypt (11.0%), and Greece (3.3%) were the top suppliers, but together they accounted for only 31.4% of total flows, underscoring a diverse import structure.

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

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

Imports in value, M $ US

After two consecutive years of growth, import volumes of preserved olives into the Americas declined. In 2020, imports totaled 451.3 million US dollars, down 1.1% from the previous year. Over the 2017–2020 period, imports increased by 2.2%, averaging an annual rate of 0.7%. The highest value was recorded in 2019 at 456.5 million US dollars, with the largest increase occurring in 2018, rising by 2.5%.

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

Between 2017 and 2020, the supplier portfolio for preserved olives to the Americas was broad. Spain (20.9% of imports by value), Greece (7.3%), and Egypt (5.3%) were the leading sources, but their combined contribution was just 33.5% of total import value. Many other countries held smaller yet significant shares, indicating a well-diversified import market.

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

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