Guide Posts

Which markets are the fastest growing suppliers of olive oil?

Olive Oil
Syria
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By Jinwoo Cheon
Updated Sep 16, 2021
The fastest-growing suppliers of olive oil in the world are Turkey and Syria. In 2010, these countries held export values of around USD 64M each. In 2019, both countries exceeded the USD 100M line, increasing by about 60 percent each.

While even top exporters like Spain and Tunisia have seen some significant growths between 2010 and 2019, the two countries that have grown the most during that time are Turkey and Syria. In 2010, the countries held export values of around USD 64M each. In 2019, both countries exceeded the USD 100M line, increasing by about 60 percent each. Turkey in particular, during peak seasons, reached export values that exceeded USD 200M. In 2013, both countries almost reached an export value of USD 300M, which would have been a 360 percent increase. These two countries are also growing as increasingly popular destinations for olive oil re-export from suppliers in the rest of the Mediterranean, particularly those that are members of the EU.

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