Türkiye exported $506 million worth of olive oil to 120 countries

Published 2024년 11월 6일

Tridge summary

During the 2023/24 season, Turkey's olive oil sector faced challenges but managed to export 70,750 tons of olive oil, earning $506 million despite restrictions. The total income from the olive sector, including pomace oil and table olives, was $765 million, an 18% drop from the previous season. The average export price increased by 54% to $7.16 per dollar, offsetting a 52% decrease in export quantity. The USA was the top importer, with Spain and Italy following. The sector aims to export 200,000 tons in the 2024/25 season, positioning Turkey as the second-largest producer globally after Spain, with growth in markets like Japan, Saudi Arabia, and Russia.

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

Original content

The olive oil sector exported 70,750 tons of olive oil in the difficult 2023/24 season, which was spent with restrictions and quotas, and brought 506 million 374 thousand dollars of foreign currency to Turkey. In the 2023/24 season, pomace oil exports were recorded as 48 million 59 thousand dollars, equivalent to 11 thousand 38 tons. The Turkish olive sector, which left behind the table olive export season that ended at the end of September with 210 million dollars, left behind the 2023/24 season with 765 million dollars of foreign currency income. Reminding that the Turkish olive sector made 932 million dollars of exports in the 2022/23 season, Aegean Olive and Olive Oil Exporters' Association President Emre Uygun stated that they experienced an 18 percent loss in exports due to olive oil in the 2023/24 season compared to the 2022/23 season. Sharing that the Turkish olive oil sector exported 54,405 tons of its 70,750-ton export in packaged form in the challenging 2023/24 season, ...

Source: Iha