World production and consumption of table olives have risen sharply, according to figures from the International Olive Council.
An impressive increase of 211% in the global production of table olives over a period of 30 crop years is the most striking figure in market statistics released last month by the International Olive Council (IOC).
This percentage translates to a growth in volume of more than three-fold from 950,000 tons in 1990-91 to an estimated 2,953,500 tons in the 2017-18 season. The most dramatic increases have been noted in Egypt, Turkey, Spain, Algeria, Greece, Argentina, Iran, and Morocco.
The estimated yield this year represents an increase of 4% worldwide compared to the previous season.
On the other hand, Europe should expect a decrease by 11% in its total production of table olives due to the reduction of the harvest in Spain, which is likely to come in at 521,500 tons – 12% less than last year.
Other European producer countries, however, should count on a rise in production with Greece and Italy looking for increases of 31% and 20% respectively. Egypt and Turkey are heading to a record crop of 650,000 tons and 455,000 tons, translating to an increase of 30% and 14% respectively.
In the United States production will go up by 9%, while in Mexico a similar growth of 11% is projected. More