Market research

Virgin olive oil and fractions market in Asia

$Virgin olive oil and fractions market in Asia$

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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"Asia" region includes following countries:

China

Hong Kong

Japan

North Korea

South Korea

Macao

Mongolia

Afghanistan

Bangladesh

Bhutan

Sri Lanka

India

Iran

Maldives

Nepal

Pakistan

Brunei Darussalam

Myanmar

Cambodia

Indonesia

Laos

Malaysia

the Philippines

Timor-Leste

Singapore

Vietnam

Thailand

Kazakhstan

Kyrgyzstan

Tajikistan

Turkmenistan

Uzbekistan

Azerbaijan

Armenia

Bahrain

Cyprus

Georgia

Palestine

Iraq

Israel

Jordan

Kuwait

Lebanon

Oman

Qatar

Saudi Arabia

Syria

Turkey

the United Arab Emirates

Yemen

Earlier Report Observations

From 2018 to 2023, the Asian market for virgin olive oil and fractions experienced significant fluctuations, with volume peaking at 648 thousand tons in 2019 before declining to 387 thousand tons in 2023. A partial recovery occurred in 2022, driven by a surge in domestic production.

Market dynamics were heavily influenced by trade shifts, as imports collapsed from over 200 thousand tons in 2020 to less than 1 thousand ton by 2024. This import contraction coincided with a sharp reduction in exports after 2021, altering the supply structure.

Underlying these trends were growing health consciousness in key markets like China and India, which boosted demand for extra virgin olive oil. The entry of new players and product launches by major companies expanded consumer choice. However, global supply-side factors, including climate change effects in traditional producing regions, led to production shortages and price increases, severely limiting import availability into Asia.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Asia
  1. 5.1.1. Annual dynamics of production in Asia in kind, 2018-2023, K t
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data*)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, K t
    1. 6.1.2.1. Annual dynamics of product's imports to China in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to China by countries, 2018-2024, K t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's imports to China in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to China by countries, 2018-2024, M $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to China, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to China by countries, 2018-2024, $ US/kg
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's imports to China in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to China by countries, 2018-2024, K t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's imports to China in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to China by countries, 2018-2024, M $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to China, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to China by countries, 2018-2024, $ US/kg
7. Exports
1. 7.1. Exports (Direct Data*)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's exports from China in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from China by countries, 2018-2024, K t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's exports from China in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from China by countries, 2018-2024, M $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from China, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from China by countries, 2018-2024, $ US/kg
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's exports from China in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from China by countries, 2018-2024, K t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's exports from China in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from China by countries, 2018-2024, M $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from China, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from China by countries, 2018-2024, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, M $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production virgin olive oil and fractions in Asia

In kind, 2017-2020, K t

Top producers of virgin olive oil and fractions, 2017-2020

Source: SHEV.io

World map of production of virgin olive oil and fractions, 2017-2020

Source: SHEV.io

In Asia, virgin olive oil and fractions production reached 491.4 thousand tonnes in 2019, marking the highest level during the period. However, output declined to 451.2 thousand tonnes in 2020, representing an 8.2% year-over-year decrease. Over the 2017-2020 period, production fell by 5.2%, which translates to an average annual decline of 1.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(5.0%)	8.7%	(8.2%)	(1.8%)

Source: SHEV.io

Exports virgin olive oil and fractions from Asia

Exports in kind, K t

Asia's exports of virgin olive oil and fractions showed significant fluctuations. The lowest volume was recorded in 2019 at 43.7 thousand tonnes, while exports surged to 74.9 thousand tonnes in 2020, representing a sharp 71.3% increase from the previous year. The difference between these peak and trough levels was 1.7 times.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	8.9%	(40.5%)	71.3%	3.5%

Source: SHEV.io

Between 2017 and 2020, Spain, the United States, and Italy were the largest buyers of virgin olive oil and fractions from Asia, though none dominated the market. Spain accounted for 19.0% of exports in volume, the United States for 8.2%, and Italy for 1.2%. Together, these three countries represented 28.4% of total exports, with numerous smaller partners making up the remainder.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, M $ US

Asia's exports of virgin olive oil and fractions in value terms declined for the second consecutive year. In 2020, exports reached 277.0 million US dollars, down 6.5% from 2019. The highest value was recorded in 2018 at 377.9 million US dollars, which represented a 23.6% increase from the previous year. However, exports fell by 21.6% in 2019. Over the 2017-2020 period, total exports decreased by 9.4%, with an average annual decline of 3.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	23.6%	(21.6%)	(6.5%)	(3.2%)

Source: SHEV.io

From 2017 to 2020, Asia's exports of virgin olive oil and fractions in value terms were relatively evenly distributed among various partners. Spain accounted for 19.5% of exports, the United States for 10.5%, and Italy for 1.1%. Combined, these three countries represented 31.1% of total export value.

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

Source: SHEV.io

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

Source: SHEV.io

Imports virgin olive oil and fractions to Asia

Imports in kind, K t

Asia's imports of virgin olive oil and fractions increased for the third consecutive year. In 2020, imports totaled 218.2 thousand tonnes, up 8.9% from 2019. Over the 2017-2020 period, imports grew by 54.6%, equivalent to an average annual increase of 15.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	4.2%	36.2%	8.9%	15.6%

Source: SHEV.io

Between 2017 and 2020, Spain, Italy, and Tunisia were the main sources for Asia's imports of virgin olive oil and fractions in volume terms. Spain accounted for 43.8% of imports, Italy for 15.7%, and Tunisia for 5.7%. Together, these three countries represented 65.2% of total import volume.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, M $ US

After rising for two years, Asia's imports of virgin olive oil and fractions in value terms declined. In 2020, imports totaled 854.6 million US dollars, down 5.5% from 2019. The highest value was recorded in 2019 at 854.6 million US dollars, following an 8.8% increase in 2018. Over the 2017-2020 period, imports increased by 7.8%, with an average annual growth rate of 2.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	8.8%	4.9%	(5.5%)	2.5%

Source: SHEV.io

From 2017 to 2020, three principal markets—Spain, Italy, and Tunisia—together accounted for 72.7% of Asia's total imports of virgin olive oil and fractions in value terms.

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

Source: SHEV.io

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

Source: SHEV.io