According to a report by the Office of Economic and Commercial Affairs of the Greek Embassy in New York, Greece was the second-largest exporter of table olives to the United States in the first half of 2022, behind Spain.
Spanish exports of table olives to the U.S. exceeded 63,000 tons in the first six months of the year, while approximately 57,000 tons of olives were imported from Greece during the same period. Table olive exports from Morocco and Italy reached 19,000 and 11,000 tons, respectively.
In terms of value, however, Greece topped the list of U.S. table olive suppliers with a total turnover exceeding $124 million (€127 million) due to the higher average price – $2.20 (€2.25) per kilogram.
See Also:Greece Again Adds Kalamata Olives to National List of Plant VarietiesIn comparison, American consumers paid an average of $1.47 (€1.50) per kilogram of Spanish table olives, with the value of Spain’s table olive exports totaling $93 million (€95 million) in the first six months of 2022.
At a global level, exports of Greek table olives are expected to increase by around 20 percent in value this year compared to the 2021/22 crop year.
“If we can sustain our pace, we will have a record year of exports [of table olives] of more than €600 million,” said Nelos Georgoudis, the former head of the Panhellenic Association of Manufacturers, Packers, and Exporters of Table Olives (Pemete).
However, the association noted that the previous crop year has been unrewarding for Greek table olive producers.
“[The previous season] was one of the most difficult in recent years, not only due to the reduced production [of table olives] in 2021/22 but also due to the negative international economic environment,” Pemete said in a press release.
A total of 165,000 tons of table olives were produced in Greece last year, according to data from the European Commission, 24 percent below the country’s rolling five-year average.
Despite the absence of rain and shortages of workers in some producing areas, the sector is expected to rebound with an estimated production of more than 200,000 tons in the 2022/23 crop year.
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