The global olives market in 2023 was led by Egypt with a substantial 880 thousand metric tons, emphasizing its dominant position. Italy and the United States followed as distant leaders with 203 and 185 thousand metric tons respectively. Notably, Egypt's 2.71% growth reflects strong production capabilities. While Spain saw a notable increase of 5.19%, Russia faced a decline of 3.41%. This indicates differing market dynamics and climate conditions affecting the olive production capacity by country. Africa, Southern Europe, and the Mediterranean region generally maintain leadership in global volume output.
Future trends to watch in the global olives market include:
- Potential increased production in Egypt due to favorable growing conditions and investment.
- Impact of climate change on traditional producers like Italy and Greece, possibly affecting volumes.
- Continued growth in newer markets like the United States and Brazil as olive consumption trends rise.
- Technological advancements in agriculture could bolster production efficiency.
Top countries in Olives Market Size Volume by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Egypt | 880 | 2023 | +2.56% | +2.71% | View data |
| 2 | 2 Italy | 203 | 2023 | 0% | -0.58% | View data |
| 3 | 3 United States | 185 | 2023 | +0.54% | +1.35% | View data |
| 4 | 4 Greece | 179 | 2023 | 0% | 0% | View data |
| 5 | 5 Spain | 179 | 2023 | +5.92% | +5.19% | View data |
| 6 | 6 Algeria | 169 | 2023 | +0.6% | +0.48% | View data |
| 7 | 7 Brazil | 107 | 2023 | 0% | +0.19% | View data |
| 8 | 8 France | 78 | 2023 | 0% | 0% | View data |
| 9 | 9 Germany | 70 | 2023 | 0% | +0.29% | View data |
| 10 | 10 Russia | 58 | 2023 | -6.45% | -3.41% | View data |
