Turkey’s olive oil exports to the UAE rise by 79 per cent
Turkish Exporters Assembly revealed that its olive and olive oil product exports to the UAE are growing at a rapid pace. In 2018, Turkey’s UAE olive and olive oil exports grew from USD 1,607,260 to USD 2,870,800 signifying a growth of 79 per cent.
Olive oil represents the country’s fastest growing food exports sector. A majority of the olives produced in Turkey are pressed for oil, with only one-fourth of the production reserved for table olives.
Over the last three decades, olive oil production in Turkey, especially in Izmir, has grown immensely. The estimated volume of olive oil production for the year of 2016-2017 reached 177,000 tons and is projected to increase to 287,000 tons for the year of 2017-2018. In 2017, Turkey’s olive oil exports reached 53,627 tons, which represents an export value of USD 207,881,000.
Turkey is the second largest olive cultivator in the world and is also among the top five countries in olive oil production. Turkey strives to become the world leader in olive product exports with its objective to increase the export category to USD 3.8 billion by 2023. To achieve this, it aims to produce 1.2 million tonnes of olives and 650 thousand tonnes of olive oil.