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Historic Fall in Moroccan Olive Exports

Moroccan olive exports are in sharp decline while imports are increasing. The trade deficit has widened.

Hard hit by the Mediterranean olive crisis and drought, Morocco has limited the export of its olive oil. This measure, which aims to stem the rise in prices, to โ€œstabilize consumer pricesโ€ and which โ€œremains valid until December 31, 2024โ€ is not without consequences on exports. Moroccan exporters sold only 82,000 tonnes of canned olives during the 2022/2023 season, around a third less than exports from the previous season, EastFruit reports.

This volume represents the lowest level in 10 years. As a reminder, the volume of exports only fell to 76,000 tonnes during the 2014-2015 campaign. On the other hand, the volume of imports of canned olives into Morocco increased to 3,000 tonnes during the 2022-2023 campaign, or almost 11 times more in one year, specifying the site specializing in fruit and vegetable markets. vegetables. Most imports of canned olives into Morocco come from Spain. However, the Iberian Peninsula was dethroned by Egypt during the previous campaign.

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According to FAO statistics, Morocco is one of the main producers of olives in the world. Ranked fifth in 2021, the kingdom moved up one place the following year. The main markets for Moroccan canned olives are the EU and North America, which together account for around 90% of its total exports. The five main importing countries are France, the United States, Belgium, Spain, and Italy. Saudi Arabia, the Netherlands, Canada, the United Kingdom, and Libya are among the other small buyers.

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