Market Size of Agriculture in Tunisia
Study Period | 2017-2028 |
Base Year For Estimation | 2022 |
Forecast Data Period | 2024 - 2028 |
Historical Data Period | 2018 - 2021 |
CAGR | 5.20 % |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Tunisian Agriculture Market Analysis
The Tunisia Agriculture Market is projected to grow at a CAGR of 5.2% during the forecast period.
- Agriculture is one of the key economic sectors in Tunisia, contributing to the domestic food security of the nation and providing employment to around 17% of the workforce. According to the World Bank, in 2021, the agriculture sector accounted for 9.14% of the country's GDP. Olives, wheat, barley, tomatoes, almonds, dates, broad beans, and apples are some of the important crops cultivated in the country. Olive oil is the most important agricultural product for Tunisia due to its high export value, as the country is the fourth largest olive producer in the world.
- Due to the country's proximity to European nations, most of the agricultural exports are targeted toward and are dependent on the European market. As a result, due to the growing demand for organic products in the European region and domestic market, organic farming in the country has increased in recent years to leverage the demand for organic products.
- Tunisia is a net importer of agricultural products due to the low domestic production of cereals and vegetables. The government of Tunisia and several global organizations have taken many measures to boost agricultural production in the country to meet the nation's food security and diversify the country's economy. For instance, the German Federal Ministry for Economic Cooperation and Development commissioned a project Promotion of Agricultural Economic Development in Tunisia (PEAD) in 2020, aimed at improving the agricultural productivity of smallholders in the country. The project also aims at developing small and medium agricultural enterprises, thereby improving the agricultural economy in the country.