Indonesia Olive Oil Market Shipment Analysis
Indonesia Olive Oil Market registered a growth of 4.15% in value shipments in 2021 as compared to 2020 and a decrease of -0.59% CAGR in 2021 over a period of 2017. In Olive Oil Market Indonesia is becoming less competitive as HHI index in 2021 was 4080 while in 2017 it was 3789. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.
Indonesia has reportedly relied more on imports to meet its growing demand in Olive Oil Market. India is unable to meet its increasing needs of this product with domestic production hence we see the trend is shifting towards import shipment to meet its demand The import factor of Olive Oil Market in 2021 was 1392.47 while in 2017 it was 394.21. Italy, Spain, Turkey, Egypt and Australia were among the top players of the market in 2021, where Italy acquired the largest market share of 48.86% with a shipment value of 6.41 million USD in 2022 Italy also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Olive Oil Market. In 2017 Italy had the largest market share of 49.37% with the shipment value of 6.41 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although Italy offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the Indonesia Olive Oil Market in 2017.
