Tunisian olive oil export revenues have increased by 36.9% since the start of the 2022/2023 campaign until the end of May 2023, reaching 2.1 billion dinars, despite a 9.8% drop in the volume of exports (to 132.5 thousand tonnes), according to data published on Monday by the National Observatory of Agriculture (ONAGRI).
In fact, the average price of olive oil during the first seven months of the 2022/2023 campaign increased by 52% compared with the same period of the previous campaign, with a variation of 14 DT/kg to 20 DT/kg depending on the category, at the end of May.
Only 10% of olive oil is packaged (around 13% of total sales), the rest being exported in bulk (90%).
The extra virgin category alone accounts for 89% of the total volume exported.
The European market remains the most important, accounting for 77% of our olive oil exports, followed by North America (16%) and Africa (5%).
The leading importer of Tunisian olive oil is Spain, with a share of 45% of the volumes exported during the first seven months of the 2022/2023 campaign, followed by Italy (25%) and the USA (12%).
The volume of organic olive oil exports reached 41.3 thousand tonnes at the end of May 2023, with a value of around 719.8 million dinars (MD). However, the share of packaged organic olive oil did not exceed 3% of the total volume of exported olive oil.
The main destination for organic olive oil is Italy, with a share of 52.5%, followed by Spain (36.3%) and France (7.9%).
TunisianMonitorOnline
