Preserved olives market in CIS

Earlier Report Observations

Between 2018 and 2019, the preserved olives market volume grew from 141 thousand tons to 162 thousand tons. This increase was driven by a record 22% surge in imports during 2019, alongside the emergence of new product segments like stuffed olives, which broadened the assortment and stimulated consumer demand. Additionally, the devaluation of the ruble led to lower prices in local currency, making olives more affordable.

Market volume contracted to 143 thousand tons in 2020 as the average import cost in rubles rose by 22.8% due to further currency devaluation, increasing retail prices and dampening purchases. In 2021, the market stabilized around 143 thousand tons, supported by steady consumer preferences and a growing concentration of imports among large players.

A sharp decline followed, with the market falling to 103 thousand tons in 2022 and 87 thousand tons in 2023. This drop was caused by currency fluctuations and sanctions pressure, which complicated import operations. The number of importing companies decreased from 266 in 2022 to 188 in 2023, reflecting these challenges and leading to a reduced supply on the market.

Production preserved olives in CIS

In kind, 2017-2020, t

Top producers of preserved olives, 2017-2020

World map of production of preserved olives, 2017-2020

CIS production of preserved olives has grown for the second year in a row. In 2020, output reached 321.9 t, marking a significant 44.9% increase compared to the previous year. Looking at the period from 2017 to 2020, production rose by 3.2%, which translates to an average annual growth rate of 1.0%. The lowest production level was recorded in 2018 at 167.5 t, when output fell by 46.3%.

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

In value, 2017-2020, K $ US

CIS production of preserved olives has increased for the second consecutive year. In 2020, the value of preserved olives output was 727.6 K $ US, showing a sharp rise of 49.8% from 2019. From 2017 to 2020, production value grew by 10.3%, with a compound annual growth rate of 3.3%. The lowest value was recorded in 2018 at 370.1 K $ US, when it dropped by 43.9%.

Annual dynamics of production in CIS in value, 2017-2020, K $ US

Exports preserved olives from CIS

Exports in kind, K t

CIS exports of preserved olives have risen for the third year in a row. In 2020, exports reached 13.4 K t, up by 4.1% compared to 2019. Over the 2017-2020 period, exports increased by 29.3%, with a compound annual growth rate of 8.9%.

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

From 2017 to 2020, exports of preserved olives from CIS were relatively evenly distributed. Ukraine accounted for 4.2% of exports in kind, the United States for 2.1%, and Germany for 1.6%, together making up just 7.8% of total export flows.

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

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

Exports in value, M $ US

CIS exports of preserved olives have grown for the third consecutive year. In 2020, export value amounted to 30.4 M $ US, increasing by 7.6% from the previous year. Between 2017 and 2020, exports rose by 38.2%, equivalent to an annualized growth rate of 11.4%.

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

During 2017-2020, Ukraine, the United States, and Germany were among the largest buyers of preserved olives from CIS in value terms, with shares of 5.4%, 2.3%, and 1.4% respectively. However, even combined, they represented only 9.1% of total export value, indicating a broadly diversified partner base.

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

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

Imports preserved olives to CIS

Imports in kind, K t

After two years of growth, CIS imports of preserved olives declined. In 2020, imports stood at 155.6 K t, down by 11.0% from the previous year. From 2017 to 2020, imports overall increased by 9.6%, with an annualized growth rate of 3.1%. The peak was recorded in 2019 at 174.8 K t, when imports rose by 14.3%.

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

In the 2017-2020 period, Spain, China, and Poland were the main sources for preserved olives imports to CIS in kind. Spain accounted for 44.5% of imports, China for 21.3%, and Poland for 3.2%, together forming 68.9% of total import flows.

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

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

Imports in value, M $ US

Following two years of gains, CIS imports of preserved olives decreased. In 2020, import value was 204.3 M $ US, reflecting a gradual decline of 7.6% compared to 2019. Over the 2017-2020 period, imports increased by 12.2%, with a compound annual growth rate of 3.9%. The highest value was recorded in 2019 at 221.1 M $ US, and the largest increase occurred in 2018 at 11.1%.

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

From 2017 to 2020, Spain, China, and Greece remained the primary suppliers of preserved olives to CIS in value terms. Spain accounted for 51.3% of imports, China for 12.9%, and Greece for 4.9%, jointly making up 69.1% of total import value.

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

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