Preserved olives market in Asia

Earlier Report Observations

The market for preserved olives in Asia expanded steadily from 395 thousand tonnes in 2018 to over 689 thousand tonnes in 2022, with its value rising from $878 million to $1,515 million. The COVID-19 pandemic in 2020 disrupted harvests and logistics but also heightened health awareness, boosting demand for shelf-stable products like preserved olives.

This growth was reversed in 2023 when the market volume fell to 492 thousand tonnes and its value dropped to $1,249 million. Severe droughts and unfavorable weather in key Southern European olive-growing regions constrained global olive supplies, driving up prices and reducing consumption across Asian markets.

Production preserved olives in Asia

In kind, 2017-2020, K t

Top producers of preserved olives, 2017-2020

World map of production of preserved olives, 2017-2020

Asia's production of preserved olives has grown for the third year in a row. In 2020, the continent produced 610.5 thousand tons of preserved olives, representing a 2.7% increase from 2019. Looking at the period from 2017 to 2020, production surged by 130.3%, which translates to an average annual growth rate of 32.1%.

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

In value, 2017-2020, M $ US

Asia's preserved olives production has increased for the third consecutive year. In 2020, the output was valued at 1 156 million US dollars, showing a 9.2% gain compared to 2019. From 2017 to 2020, production rose by 137.3%, with a compound annual growth rate of 33.4%.

Annual dynamics of production in Asia in value, 2017-2020, M $ US

Exports preserved olives from Asia

Exports in kind, K t

After two years of growth, preserved olives exports in Asia experienced a decline. In 2020, exports totaled 516.7 thousand tons, marking a slight 2.0% drop from the previous year. Between 2017 and 2020, exports increased by 6.9%, equating to an annualized rate of 2.3%. The highest export volume was recorded in 2019 at 527.3 thousand tons, with the largest increase of 5.9% also occurring that year.

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

The export market for preserved olives in kind from 2017 to 2020 was diverse, with the United States (12.5% of exports in kind), Germany (10.2%), and the United Kingdom (4.1%) collectively accounting for just 26.8% of total flows. The remaining 73.2% was distributed among numerous other countries.

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

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

Exports in value, M $ US

In 2020, preserved olives exports in Asia amounted to 978.4 million US dollars, indicating a moderate 4.2% increase compared to 2019. From 2017 to 2020, exports grew by 10.2%, with an annualized rate of 3.3%. The largest decline was recorded in 2019 at 2.2%, while the largest increase occurred in 2018 with 8.1% growth.

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

The export market in value terms from 2017 to 2020 was broad, as the United States (10.5% of exports in value terms), Germany (9.7%), and the United Kingdom (3.5%) together represented only 23.7% of total flows. The remaining 76.3% was shared by many other countries.

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

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

Imports preserved olives to Asia

Imports in kind, K t

Preserved olives imports in Asia have risen for the second consecutive year. In 2020, imports reached 416.0 thousand tons, which is 1.4% higher than in 2019. However, over the period from 2017 to 2020, imports decreased by 5.4%, equating to an annualized decline of 1.8%. The lowest import volume was recorded in 2018 at 393.8 thousand tons, with the largest decline of 10.5% also in 2018, while the largest increase of 4.2% occurred in 2019.

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

From 2017 to 2020, the country breakdown of imports in kind was scattered, with Spain (14.0% of imports in kind), Egypt (10.5%), and Greece (2.7%) together accounting for just 27.2% of total flows. No single partner emerged as clearly dominant in the market.

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

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

Imports in value, M $ US

After two years of growth, Asia's preserved olives imports declined. In 2020, imports amounted to 846.6 million US dollars, down by 5.4% compared to 2019. Over the period from 2017 to 2020, imports increased by 4.7%, with a compound annual growth rate of 1.5%. The highest import value was recorded in 2019 at 895.0 million US dollars, and the largest increase of 8.2% occurred in 2018.

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

In 2017–2020, the partner structure for imports in value terms was balanced rather than concentrated. Spain (12.6% of imports in value terms), Egypt (6.9%), and Greece (3.3%) jointly represented 22.8% of total flows, with many other countries accounting for the remaining 77.2%.

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

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