Olives Market Overview in Peru
In value terms, olives production skyrocketed to $ in 2019 estimated in export prices. The total output value increased at an average annual rate of +% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2010 with an increase of % against the previous year. Over the period under review, production reached the peak level in 2019 and is likely to continue growth in the near future.
The size of the olives market in Peru shrank to $ in 2019, reducing 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). Overall, the total consumption indicated tangible growth from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of % y-o-y. Over the period under review, the market attained the maximum level at $ in 2017; however, from 2018 to 2019, consumption failed to regain the momentum.