Updated Nov 16, 2022 07:30

Olives Market in Germany

Market Overview
The German olives market surged to $ in , rising by % 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). In general, consumption continues to indicate a mild increase. Olives consumption peaked at $ in ; however, from to , consumption remained at a lower figure.

In value terms, olives production surged to $ in estimated in export price. In general, production saw a mild expansion. Olives production peaked at $ in ; however, from to , production failed to regain momentum.


Consumption
Olives consumption in Germany skyrocketed to tons in , jumping by % on . Over the period under review, consumption continues to indicate a relatively flat trend pattern. Olives consumption peaked at tons in ; however, from to , consumption failed to regain momentum.

The value of the olives market in Germany soared to $ in , growing by % 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). In general, consumption recorded a slight increase. Olives consumption peaked at $ in ; however, from to , consumption remained at a lower figure.


Market Forecast
Driven by increasing demand for olives (prepared or preserved ) in Germany, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.


Trade Balance
Germany remains a net importer of olives; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.