Spain's Black Olive Battle: Surviving Global Trade Challenges

Spain's black olive exporters are grappling with difficult times as the European Union's recent trade deal with the United States subjects them to a 15% tariff increase. The rise comes after years of strain under former U.S. President Donald Trump's initial tariff policies.

These tariffs have significantly reduced Spain's share in the U.S. black olive market, which fell from 49% in 2017 to just 19% in 2024. The shift has forced Spanish farmers to pivot their strategy towards increasing green olive sales and exploring new markets.

In response to these challenges, Spanish exporters have innovated by creating new products like black olives stuffed with salmon or cheese, enhancing their appeal in Europe and Asia. Nevertheless, concerns over continued financial losses remain a priority within the industry.

(With inputs from agencies.)