Africa Olive Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Overview

The African olive is estimated to register a CAGR of 5.5% over the forecast period. Morocco is the largest producer with 1.5 million in 2018, Tunisia, Egypt and Algeria are some of the other top olive production countries in Africa. Morocco is also one of the leading exporters of olives with an export value of USD 485000. Rise in the demand for olive oil, dietary benefits, and pharmaceutical uses are the prime drivers of the market whereas fluctuation of olive oil prices and adverse climatic conditions for olive production is the key restraints of the olive market.

Scope of the report

Olives are primarily used to extract olive oil and can be eaten directly after processing. This African olive market report consists of complete olive market details. It presents an in-depth assessment of the market using thoughtful insights, facts, and historical data. The market is segmented based on the country, end-use, product form, and product type. The report also presents in the detailed analysis of the olive production, consumption, trade, and supply chain in different countries of Africa.

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Key Market Trends

Fluctuations in Olive Production

Olive production in Africa is observed to be fluctuating for the last few years. Production analysis indicated that the olive production was increasing and decreasing alternatively by 30 - 40% since 2016. Adverse climatic conditions and fluctuations in olive oil prices internationally are the main reasons for olive production fluctuation in Africa. In the Mediterranean region where major olive production countries of Africa lie, frequent weather shocks causes uncertainty for adequate olive cultivation and harvest.

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