Egypt maintained its position as the world's second-largest exporter of temporarily preserved olives in 2024, capturing a 29 per cent share of total global exports, official data from the Food Export Council (FEC) showed on Tuesday. The country's exports of preserved olives — stored in brine, sulphur dioxide, or other preservative solutions but not immediately edible — recorded a value of $42 million and a quantity of 32,000 tons last year. Egypt achieved a compound annual growth rate (CAGR) of 34 per cent in value and 27 per cent in volume during 2020–2024. Between 2023 and 2024 alone, exports surged 91 per cent in value. Top markets for Egyptian preserved olives in 2024 included Brazil ($9 million), Spain ($9 million), Italy ($6 million), Palestine ($3 million), and Greece ($3 million), which together made up 83 per cent of total exports. Analysts said Egypt's performance underscores its global competitiveness in processed agricultural products and highlights opportunities for expansion into new international markets. Attribution: Amwal Al Ghad English Subediting: M. S. Salama
