`Turkey Aims to Boost Olive Oil Exports to $3.8b in 10 Years - Olive Oil Times

Turkey Aims to Boost Olive Oil Exports to $3.8b in 10 Years

Dec. 10, 2012
Vikas Vij

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Turkish Exporters’ Assembly (TIM) has announced a long-term goal to raise the country’s annual olive oil exports to $3.8 bil­lion in the next 10 years. The olive oil pro­duc­ers in Turkey set the ambi­tious bench­mark on the occa­sion of the country’s 100th anniver­sary. Turkey has exported $155 mil­lion worth of olive oil in the first 10 months of 2012, which rep­re­sents an increase of five per­cent over the pre­vi­ous year.

According to TIM, the tar­get of $3.8 bil­lion for 2023 is jus­ti­fied, con­sid­er­ing the sub­stan­tial increase in the cul­ti­va­tion of olives that is antic­i­pated over the next few years. A con­certed effort to increase olive pro­duc­tion from the farmer com­mu­nity as well as the Ministry of Food, Agriculture and Animal Husbandry has already resulted in the dou­bling of the num­ber of farmable olive trees over the past year.

Turkish olive oil exporters believe that export vol­umes will rise, con­sid­er­ing the ris­ing demand for olive oil in large global mar­kets such as China, Japan and South Korea. Turkey’s total num­ber of olive trees stood at 98 mil­lion in 2000, and the fig­ure has increased to 155 mil­lion at present. When a major­ity of these young trees start bear­ing fruit, Turkey is bound to wit­ness a sub­stan­tial jump in pro­duc­tion.

The chair­man of TIM, Mehmet Buyukeksi, shares the gen­eral opti­mism pre­vail­ing among the olive oil pro­duc­ers and exporters in the coun­try. Buyukeksi believes that the goal of $3.8 bil­lion of annual exports by 2023 is a log­i­cal one, con­sid­er­ing var­i­ous fac­tors from growth in domes­tic olive pro­duc­tion to expan­sion of inter­na­tional mar­kets for olive oil.

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