Preserved olives market in Western Asia

Earlier Report Observations

The preserved olive market in Western Asia demonstrated robust expansion between 2018 and 2022, with physical volume rising from 423 thousand tons to 646 thousand tons, an increase of over 50%. Market value grew even more sharply, from $745 million to $1.18 billion, reflecting notable price appreciation alongside higher consumption, especially during 2022.

This upward trajectory was interrupted in 2023, when market volume contracted by approximately 166 thousand tons to 481 thousand tons, a decline of about 26%. Despite the volume drop, the market's value fell only to $1.02 billion, indicating that average prices remained substantially above pre‑2022 levels throughout the period.

Production preserved olives in Western Asia

In kind, 2017-2020, K t

Top producers of preserved olives, 2017-2020

World map of production of preserved olives, 2017-2020

Western Asia's production of preserved olives has grown for the third year in a row. In 2020, the region produced 550.2 thousand tonnes of preserved olives, marking a 2.1% increase from the previous year. Looking at the period from 2017 to 2020, production surged by 191.3%, which translates to an average annual growth rate of 42.8%.

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

In value, 2017-2020, M $ US

The value of preserved olives production in Western Asia has risen for the third consecutive year. In 2020, output was valued at 921.7 million US dollars, showing a significant 11.6% increase compared to 2019. From 2017 to 2020, production value grew by 207.4%, with a compound annual growth rate of 45.4%.

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

Exports preserved olives from Western Asia

Exports in kind, K t

After two years of growth, the volume of preserved olives exported from Western Asia declined. In 2020, exports reached 227.4 thousand tonnes, down 7.5% from the previous year. Over the period from 2017 to 2020, exports increased by 9.5%, averaging an annual growth rate of 3.1%. The peak was recorded in 2019 at 245.7 thousand tonnes, with the largest annual increase of 9.3% also occurring that year.

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

From 2017 to 2020, key buyers of preserved olives from Western Asia included Germany, accounting for 18.6% of exports in volume, the United States at 14.3%, and Romania at 7.2%. However, these three countries combined represented only 40.1% of total exports, with the remaining 59.9% spread across numerous other trading partners.

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

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

Exports in value, M $ US

The value of preserved olives exports from Western Asia has increased for the third consecutive year. In 2020, exports totaled 381.0 million US dollars, up 1.1% from 2019. Between 2017 and 2020, export value grew by 15.5%, with a compound annual growth rate of 4.9%.

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

Between 2017 and 2020, the value of preserved olives exports from Western Asia was distributed among a wide range of countries. Germany led with 22.0% of export value, followed by the United States at 11.9%, and Romania at 6.2%. Together, these three accounted for just 40.2% of total export value, highlighting the diversity of the market.

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

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

Imports preserved olives to Western Asia

Imports in kind, K t

Following a two-year decline, Western Asia's imports of preserved olives in volume terms rebounded. In 2020, import volume amounted to 218.3 thousand tonnes, up 12.6% from the previous year. The lowest point was in 2019 at 193.9 thousand tonnes, with the largest annual decrease of 11.7% recorded in 2018.

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

From 2017 to 2020, imports of preserved olives to Western Asia in volume terms were spread across many markets. Spain was the top supplier with 19.2% of imports, followed by Egypt at 18.9%, and India at 5.4%. Collectively, these three countries made up only 43.6% of total import volume, indicating a broad supplier base.

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

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

Imports in value, M $ US

After two years of growth, the value of preserved olives imports into Western Asia declined. In 2020, imports were valued at 356.0 million US dollars, down 7.8% from 2019. Over the period from 2017 to 2020, import value increased by 5.7%, with a compound annual growth rate of 1.9%. The highest value was recorded in 2019 at 386.1 million US dollars, and the largest annual increase of 11.8% occurred in 2018.

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

Between 2017 and 2020, the largest suppliers of preserved olives to Western Asia in value terms were Spain, accounting for 21.8% of imports, Egypt at 15.9%, and Greece at 7.1%. Together, these three represented 44.8% of total import value, but the market remained diverse with many smaller partners contributing.

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

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