Price for Vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumption in Spain - 2023
Contents:
- Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Spain (FOB) - 2022
- Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Spain (CIF) - 2023
- Exports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Spain
- Imports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Spain
Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Spain (FOB) - 2022
The average export price for vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia stood at $1,535 per ton in 2022, declining by -21.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2017 an increase of 38%. As a result, the export price attained the peak level of $2,109 per ton. From 2018 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($3,195 per ton), while the average price for exports to Belarus ($694 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Armenia (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Spain (CIF) - 2023
The average import price for vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia stood at $921 per ton in November 2023, rising by 9.9% against the previous month. Overall, import price indicated notable growth from November 2022 to November 2023: its price increased at an average monthly rate of +3.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia increased by +9.9% against October 2023 indices. The pace of growth was the most pronounced in March 2023 when the average import price increased by 30% against the previous month. Over the period under review, average import prices reached the peak figure at $1,146 per ton in June 2023; however, from July 2023 to November 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In November 2023, the country with the highest price was Argentina ($1,133 per ton), while the price for Portugal ($825 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Portugal (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Spain
In 2022, shipments abroad of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia was finally on the rise to reach 34K tons after two years of decline. Overall, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +5.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia soared to $53M in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +6.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11.5 | 5.0 | 2.1 | 16.3 | 12.3% |
| Germany | 11.1 | 14.2 | 12.0 | 12.7 | 4.6% |
| United Kingdom | N/A | 4.2 | 3.9 | 3.7 | -6.1% |
| Italy | 6.1 | 2.4 | 2.3 | 3.4 | -17.7% |
| Belarus | 0.1 | N/A | 0.5 | 2.9 | 207.2% |
| Portugal | 1.4 | 5.5 | 3.0 | 2.6 | 22.9% |
| Poland | 1.5 | 2.4 | 2.3 | 2.4 | 17.0% |
| Czech Republic | 1.3 | 1.7 | 1.7 | 1.7 | 9.4% |
| France | 0.1 | 0.8 | 1.0 | 1.0 | 115.4% |
| Armenia | N/A | N/A | N/A | 0.7 | 0% |
| Netherlands | N/A | 0.2 | 0.2 | 0.6 | 73.2% |
| Australia | 1.7 | 0.3 | 0.1 | N/A | -75.7% |
| Brazil | 2.9 | N/A | N/A | N/A | 0% |
| Others | 5.4 | 4.5 | 5.1 | 4.5 | -5.9% |
| Total | 43.1 | 41.4 | 34.3 | 52.6 | 6.9% |
Top Export Markets for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption from Spain in 2022:
- United States (14.0K tons)
- Belarus (4.2K tons)
- Germany (4.2K tons)
- Portugal (2.4K tons)
- United Kingdom (1.8K tons)
- Italy (1.3K tons)
- France (0.9K tons)
- Armenia (0.9K tons)
- Poland (0.8K tons)
- Czech Republic (0.6K tons)
- Netherlands (0.6K tons)
Imports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Spain
In 2022, approx. 22K tons of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia were imported into Spain; picking up by 14% compared with the year before. Over the period under review, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 191% against the previous year. As a result, imports reached the peak of 37K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia contracted to $15M in 2022. Overall, imports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2020 when imports increased by 173% against the previous year. As a result, imports reached the peak of $32M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 4.0 | 12.4 | 7.5 | 9.6 | 33.9% |
| Argentina | 4.1 | 7.3 | 3.8 | 3.3 | -7.0% |
| Egypt | 2.9 | 10.9 | 4.9 | 1.7 | -16.3% |
| Others | 0.9 | 1.7 | 0.7 | 0.4 | -23.7% |
| Total | 11.8 | 32.4 | 17.0 | 14.9 | 8.1% |
Top Suppliers of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption to Spain in 2022:
- Portugal (18.3K tons)
- Argentina (2.2K tons)
- Egypt (1.6K tons)
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