Italy: Preserved Olive Market 2024

Preserved Olive Market Size in Italy

The Italian preserved olive market was finally on the rise to reach $X in 2023, after two years of decline. In general, consumption saw prominent growth. As a result, consumption attained the peak level of $X. From 2021 to 2023, the growth of the market remained at a lower figure.

Preserved Olive Production in Italy

In value terms, preserved olive production surged to $X in 2023 estimated in export price. In general, production recorded a strong expansion. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2023, production growth remained at a lower figure.

Preserved Olive Exports

Exports from Italy

In 2023, approx. X tons of olives prepared or preserved were exported from Italy; surging by X% on 2022. In general, exports enjoyed resilient growth. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked in 2023 and are likely to see gradual growth in years to come.

In value terms, preserved olive exports skyrocketed to $X in 2023. Overall, exports saw a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons) was the main destination for preserved olive exports from Italy, accounting for a X% share of total exports. Moreover, preserved olive exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), fourfold. The third position in this ranking was held by France (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and France (X% per year).

In value terms, the United States ($X) remains the key foreign market for olives prepared or preserved exports from Italy, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with an X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and France (X% per year).

Export Prices by Country

In 2023, the average preserved olive export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, showed a slight descent. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Olive Imports

Imports into Italy

For the third consecutive year, Italy recorded growth in supplies from abroad of olives prepared or preserved, which increased by X% to X tons in 2023. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked in 2023 and are likely to continue growth in the near future.

In value terms, preserved olive imports soared to $X in 2023. Overall, total imports indicated strong growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain (X tons), Greece (X tons) and Egypt (X tons) were the main suppliers of preserved olive imports to Italy, together comprising X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Egypt (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved olive suppliers to Italy were Spain ($X), Greece ($X) and Morocco ($X), with a combined X% share of total imports. Egypt lagged somewhat behind, comprising a further X%.

Egypt, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average preserved olive import price amounted to $X per ton, growing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were Morocco ($X per ton) and Greece ($X per ton), while the price for Egypt ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Morocco (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform