Morocco: Olive Market 2024

Olive Market Size in Morocco

The Moroccan olive market declined to $X in 2022, waning by X% against the previous year. Overall, consumption, however, enjoyed strong growth. Olive consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Olive Production in Morocco

In value terms, olive production shrank to $X in 2022 estimated in export price. Overall, production, however, recorded prominent growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Olive production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of olives in Morocco contracted slightly to X tons per ha, with a decrease of X% against the year before. In general, the yield, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the average olive yield hit record highs at X tons per ha in 2019; however, from 2020 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of olives production in Morocco declined to X ha, with a decrease of X% compared with the previous year. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the harvested area increased by X% against the previous year. The olive harvested area peaked at X ha in 2021, and then reduced in the following year.

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Olive Exports

Exports from Morocco

In 2022, shipments abroad of olives was finally on the rise to reach X tons after three years of decline. In general, exports saw significant growth. The pace of growth was the most pronounced in 2016 when exports increased by X%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, olive exports contracted to $X in 2022. Overall, exports posted a significant expansion. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X tons) was the main destination for olive exports from Morocco, with a X% share of total exports. Moreover, olive exports to Italy exceeded the volume sent to the second major destination, Spain (X tons), sevenfold.

From 2015 to 2022, the average annual growth rate of volume to Italy stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Mauritania (X% per year).

In value terms, Italy ($X) remains the key foreign market for olives exports from Morocco, comprising X% of total exports. The second position in the ranking was taken by Spain ($X), with a X% share of total exports.

From 2015 to 2022, the average annual growth rate of value to Italy totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Mauritania (X% per year).

Export Prices by Country

The average olive export price stood at $X per ton in 2022, declining by X% against the previous year. In general, export price indicated resilient growth from 2015 to 2022: its price increased at an average annual rate of X% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, olive export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Mauritania ($X per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Olive Imports

Imports into Morocco

In 2022, approx. X kg of olives were imported into Morocco; dropping by X% on the year before. Over the period under review, imports recorded a sharp curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, olive imports declined markedly to $X in 2022. In general, imports showed a sharp slump. The growth pace was the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

France (X kg), Italy (X kg) and Spain (X kg) were the main suppliers of olive imports to Morocco.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, France ($X), Italy ($X) and Spain ($X) constituted the largest olive suppliers to Morocco.

Italy, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average olive import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price saw a resilient increase. The pace of growth appeared the most rapid in 2019 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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