Morrocan Olive Oil Exports Rise After Last Year's Bumper Crop

The Ministry of Agriculture said international sales of olive oil increased by 47 percent, with most new olive oil shipments headed to Europe.
Fields in Morocco
Sep. 20, 2022
Paolo DeAndreis

Recent News

Moroccan olive oil exports by vol­ume have dou­bled in the first eight months of 2022 com­pared to the pre­vi­ous year.

According to the lat­est data from the Ministry of Agriculture, the over­all value of exports also grew 47 per­cent, reach­ing MAD 456 mil­lion (€42.3 mil­lion).

The min­istry said export vol­umes had been pos­i­tively affected by ris­ing inter­na­tional demand for olive oil.

See Also:In Spain, Olive Oil Sales Rise with Margins Along Production Chain

In the first eight months of the year, Moroccan com­pa­nies exported 13,200 tons of olive oil. The International Olive Council (IOC) esti­mates that Morocco will export 28,000 tons of olive oil in the 2021/22 crop year, which runs from October to September.

The min­istry noted how European Union coun­tries had been the pri­mary pur­chasers of Moroccan olive oil, with sales ris­ing by 220 per­cent in vol­umes and 260 per­cent in value.

Advertisement

The min­istry added that olive pomace oil exports also have grown by 140 per­cent in the first eight months of the cur­rent year, with trade value exceed­ing MAD 212 mil­lion (€19.7 mil­lion).

Olive oil and pomace oil exports to European Union coun­tries grew steadily from 2016 to 2019, ris­ing from 17,256 tons to 37,158. However, vol­umes dropped to 11,180 tons in the 2019/20 crop year. Of those, extra vir­gin olive oil accounted for 6,017 tons.

According to the min­istry, Morocco pro­duced 1.96 mil­lion tons of olives in the 2021/22 crop year, an increase of 21 per­cent com­pared with the pre­vi­ous one.

Rising pro­duc­tion fig­ures are the fruit of the long-term plan for olive grow­ing expan­sion in the coun­try, which is quickly becom­ing one of the most rel­e­vant olive oil pro­duc­ers out­side of Europe.

Domestic olive oil con­sump­tion has also increased con­sid­er­ably recently, ris­ing from 100,000 tons in 2010/11 to 150,000 tons expected in the cur­rent sea­son.

After pro­duc­ing 200,000 tons of olive oil in the 2021/22 crop year, the cur­rent cam­paign is unlikely to yield the same results.

Moroccan olive farms have borne the con­se­quences of the severe drought and heat waves, with the two most promi­nent olive-pro­duc­ing regions expect­ing steep pro­duc­tion drops in 2022/23.



Advertisement

Related Articles

Feedback / Suggestions