$110.4m
$X.Xm
918
367
$XX.Xm
Olive production has been volatile in recent years, but has tumbled overall. Rainfall and water availability directly affect output since olive production is water-intensive. Olive growing often runs on fluctuating cycles, with a year of high production typically followed by a year of lower volumes. This trend is also partially attributable to the biennial nature of olive tree fruiting. Agricultural conditions mainly determine the performance of olive growers, as non-processed olives are not widely traded internationally.
Industry revenue has declined at a CAGR of 9.7 % over the past five years, to reach an estimated $110.4m in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Cobram Estate Olives | 54.1 |
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Industry revenue is measured across several distinct product and services lines, including Olives for unrefined oil, Olives for refined oil and Olives for consumption. Olives for unrefined oil is the largest segment of the Olive Growing in Australia.
Health consciousness is fuelling sales of olives for unrefined oil
Industry firms primarily grow olives, which are further processed into table olives or olive oil.
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ANZSIC 0132 - Olive Growing in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Demand has been expanding for high-quality Australian-grown produce, like olives. Greater health consciousness in recent years has supported demand for locally grown olives.
Learn about an industry's products and services, markets and trends in international trade.
The expanding popularity of low-cost home-brand products has led to olive oil producers lowering prices. The resulting cost-cutting initiatives have negatively affected olive...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Victoria is home to the highest proportion of olive growers. This is due to the state’s ideal growing conditions, with higher temperature variation and moist soil compared wi...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Import competition remains high even amid favourable trading conditions. Most olives and olive products consumed in Australian are from the Mediterranean, despite Australia b...
Learn about the performance of the top companies in the industry.
Apart from major player Cobram Estate Olives, olive growing is highly fragmented. Small, boutique growers continue to dominate the Australian olive growing sector.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The availability of water, a key input, is set to climb in the years ahead. This will positively affect production as olives are a highly water-intensive crop.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Automation is helping to bring down wage costs. Like most of the agricultural sector, olive growers have limited wage costs by automating or adopting new processes like mecha...
Including values and annual change:
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Key data sources in Australia include:
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These sources include:
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The market size of the Olive Growing industry in Australia is $110.4m in 2024.
There are 367 businesses in the Olive Growing industry in Australia, which has declined at a CAGR of 2.4 % between 2018 and 2023.
The market size of the Olive Growing industry in Australia has been declining at a CAGR of 9.7 % between 2018 and 2023.
Over the next five years, the Olive Growing industry in Australia is expected to grow.
The biggest company operating in the Olive Growing market in Australia is Cobram Estate Olives
Olives for unrefined oil and Olives for refined oil are part of the Olive Growing industry.
The company holding the most market share in Australia is Cobram Estate Olives.
The level of competition is moderate and steady in the Olive Growing industry in Australia.