Spain consolidates its leadership in the export of olives to India

Published 2024년 7월 22일

Tridge summary

The Indian olive market is expected to grow at a rate of 4.2% annually from 2024-2030, making it a promising market for Spanish exports. Spain is currently the leading supplier of olives to India, accounting for 33% of the market share for both prepared and preserved olives. The industry faces competition from other countries such as Egypt, Morocco, and Turkey, but Spanish olives enjoy a higher market share and value due to their quality and tradition. India's olive market is largely dependent on imports as local production is insufficient. Olives are consumed in various forms and are popularized by their association with Western culture and gastronomy. To succeed in this market, Spanish companies need to understand Indian consumer preferences, adapt their products, and comply with local regulations.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The olive market in India presents a promising outlook for Spanish exports, with an estimated annual growth of 4.2% during the period 2024-2030, according to the study prepared by the Economic and Commercial Office of Spain in New Delhi. Spain is already positioned as the main supplier of olives to India, both in the category of prepared olives (with 33% of the market) and in that of preserved olives. Competition and tariffs Spain's main competitor in the Indian market is Egypt, followed by Morocco, Turkey, the United States, Italy and Portugal. However, Spanish olives represent 33.59% of total imports of tariff heading 200570 and 70.91% of heading 071120 in 2022, standing out for their volume and value. The tariff for importing olives to India is 30% for all tariff items, and it is necessary to comply with the regulations of the Food Safety and Standards Authority of India (FSSAI). The average price per kilogram of whole pitted green olives in India is 547.78 rupees (6.10 euros), ...

Source: Oleorevista