Preserved olives market in Southern Asia

Earlier Report Observations

The preserved olives market in Southern Asia exhibited significant volatility from 2018 to 2023, with overall volume expanding from 28 504 t to 41 460 t. This 45% growth was interrupted by a sharp contraction in 2021, when the market fell to 26 521 t, before rebounding strongly to a peak of 43 571 t in 2022.

The market's recovery in 2022 was followed by a moderate correction in 2023, bringing volume to 41 460 t. These shifts were accompanied by corresponding movements in domestic production and trade flows throughout the period.

In 2024, broader regional analysis for Asia-Pacific indicated a second consecutive annual decline in both production and consumption of preserved olives, with market value remaining stable. This pattern suggests a potential cooling phase in the Southern Asian market following the earlier growth.

Production preserved olives in Southern Asia

In kind, 2017-2020, t

Top producers of preserved olives, 2017-2020

World map of production of preserved olives, 2017-2020

Southern Asia's production of preserved olives grew for the second year in a row. In 2020, the region produced 60 257 tonnes, marking a 7.6% increase from the previous year. However, looking at the broader period from 2017 to 2020, overall production fell by 20.9%, with an average annual decline of 7.5%. The lowest output was in 2018 at 47 486 tonnes, which saw the sharpest drop of 37.7%. In contrast, 2019 experienced the largest gain, with production rising by 17.9%.

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

In value, 2017-2020, M $ US

In 2020, the value of preserved olives produced in Southern Asia was $75.4 million, reflecting a significant decrease of 12.7% compared to 2019. Over the four-year span from 2017 to 2020, production value dropped by 42%, averaging an annual decline of 16.6%. The most substantial reduction occurred in 2018, with a 35.5% fall, while 2019 saw a modest increase of 3.0%.

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

Exports preserved olives from Southern Asia

Exports in kind, t

In 2020, Southern Asia exported 28 936 tonnes of preserved olives, a 35.0% rise from the previous year. From 2017 to 2020, export volumes surged by 78.7%, growing at an average annual rate of 21.4%. The largest increase was in 2018, up 39.2%, whereas 2019 recorded a slight decline of 4.9%.

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

Between 2017 and 2020, Iraq, the United Arab Emirates, and the United Kingdom were the primary destinations for Southern Asia's preserved olive exports by volume. Iraq accounted for 40.9% of exports, followed by the UAE at 7.4% and the UK at 6.8%. Together, these three countries represented 55.1% of total export flows.

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

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

Exports in value, K $ US

In 2020, Southern Asia's preserved olive exports were valued at $36.2 million, showing a 9.5% increase from 2019. Over the period from 2017 to 2020, export value grew by 31.1%, with an average annual growth rate of 9.4%. The peak was in 2018 at $39.8 million, which also saw the largest jump of 44.0%. In 2019, exports declined by 16.9%.

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

From 2017 to 2020, Iraq, the United States, and the United Kingdom were among the top buyers of preserved olives from Southern Asia in value terms. Iraq led with 31.8% of exports, followed by the US at 9.3% and the UK at 8.1%. However, their combined share was just 49.2%, indicating a relatively diversified export market.

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

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

Imports preserved olives to Southern Asia

Imports in kind, t

Southern Asia's imports of preserved olives increased for the third consecutive year. In 2020, the region imported 4 423 tonnes, a strong 19.9% rise from 2019. Between 2017 and 2020, import volumes grew by 42.7%, averaging an annual increase of 12.6%.

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

During 2017–2020, Spain, Egypt, and the United Arab Emirates were the leading sources of preserved olive imports to Southern Asia by volume. Spain contributed 35.8% of imports, Egypt 15.5%, and the UAE 5.8%. Together, they accounted for 57.1% of total import flows.

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

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

Imports in value, K $ US

Imports of preserved olives into Southern Asia rose for the third year in a row. In 2020, import value reached $7.7 million, up 9.1% from the previous year. From 2017 to 2020, import value increased by 35.9%, with an average annual growth rate of 10.8%.

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

Throughout 2017–2020, Spain, Egypt, and the United Arab Emirates played key roles in the value of preserved olive imports to Southern Asia. Spain held 41.4% of import value, Egypt 16.9%, and the UAE 8.0%. Collectively, they made up 66.3% of total import flows.

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

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