Olives Market Overview in the Czech Republic
In value terms, olives production stood at $ in 2019 estimated in export prices. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when the production volume increased by % y-o-y. As a result, production reached the peak level of $. From 2009 to 2019, production growth remained at a lower figure.
The revenue of the olives market in the Czech Republic rose remarkably to $ in 2019, with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the market value increased by % against the previous year. Over the period under review, the market reached the maximum level at $ in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.