Southern Asia: Olive Oil Market 2024

Olive Oil Market Size in Southern Asia

For the third consecutive year, the South Asian olive oil market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption showed a deep downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Olive Oil Production in Southern Asia

In value terms, olive oil production shrank slightly to $X in 2022 estimated in export price. Overall, production showed a sharp shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Olive Oil Exports

Exports in Southern Asia

In 2022, exports of olive oil and its fractions in Southern Asia declined significantly to X tons, shrinking by X% on the previous year. Over the period under review, exports, however, enjoyed modest growth. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, olive oil exports declined rapidly to $X in 2022. In general, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sri Lanka dominates exports structure, finishing at X tons, which was approx. X% of total exports in 2022. India (X kg) followed a long way behind the leaders.

Sri Lanka was also the fastest-growing in terms of the olive oil and its fractions exports, with a CAGR of X% from 2012 to 2022. India (X%) illustrated a downward trend over the same period. Sri Lanka (X p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Sri Lanka ($X) remains the largest olive oil supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by India ($X), with a X% share of total exports.

In Sri Lanka, olive oil exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, dropping by X% against the previous year. Export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while India totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%).

Olive Oil Imports

Imports in Southern Asia

In 2022, purchases abroad of olive oil and its fractions decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then shrank in the following year.

In value terms, olive oil imports amounted to $X in 2022. In general, imports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

India represented the key importer of olive oil and its fractions in Southern Asia, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. It was distantly followed by Bangladesh (X tons), Pakistan (X tons) and Maldives (X tons), together making up a X% share of total imports. Sri Lanka (X tons) and Afghanistan (X tons) followed a long way behind the leaders.

Imports into India increased at an average annual rate of X% from 2012 to 2022. At the same time, Maldives (X%), Sri Lanka (X%), Bangladesh (X%), Afghanistan (X%) and Pakistan (X%) displayed positive paces of growth. Moreover, Maldives emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. Bangladesh (X p.p.), Maldives (X p.p.) and Sri Lanka (X p.p.) significantly strengthened its position in terms of the total imports, while India saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported olive oil and its fractions in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Bangladesh ($X), with an X% share of total imports. It was followed by Pakistan, with a X% share.

In India, olive oil imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and Pakistan (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :