What is the price of olive oil per kilogram/pound in Serbia today?
The retail price range for Serbia olive oil is between US$ 5.33 and US$ 8.59 per kilogram or between US$ 2.42 and US$ 3.89 per pound(lb). Click here to see today's exact prices of olive oil in Serbia
The retail price range in Serbian Dinar for olive oil is between RSD 578.73 and RSD 932.34 per kilogram or between RSD 262.46 and RSD 422.83 per pound(lb) in Belgrade and Novi Sad.
Wholesale prices
In 2024, the approximate wholesale price range for Serbia olive oil is between US$ 3.73 and US$ 6.01 per kilogram or between US$ 1.69 and US$ 2.73 per pound(lb).
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Serbia olive oil - Production, Exports, Imports, Seasons and HS Codes
The amount of olive oil exported by Serbia in 2020 was 12 tons. In 2019 Serbia exported 45 tonnes of olive oil. For the year 2019 alone, the market for Serbia olive oil (processed category) has decreased, changing by -10 % compared to the year 2018. Between 2017 and 2019, olive oil's exports went down by -28.57 percent netting Serbia US$0.12m for the year 2019. Serbia's olive oil exports are classified as:
- Virgin olive oil and its fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (HS code 150910)
- Olive oil and fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (excluding virgin and chemically modified) (HS code 150990)
- Other oils and their fractions, obtained solely from olives, whether or not refined, but not chemically modified, incl. blends of these oils or fractions with oils or fractions of heading 1509 (HS code 151000)
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Serbia olive oil export values
In 2019, Serbia shipped olive oil valued at 0.12m USD, a decrease of -47.60% from 2018's total olive oil export of 0.229m USD. The annual reduction in value of Serbia olive oil between 2017 to 2018 was -5.372%.
The yearly variation in the volume of Serbia's olive oil exports between 2017 and 2019 was -28.57 percent when compared to a variation of -10% in the growth rate between 2018 and 2019.
Serbia's portion of the world's total olive oil's exports in 2019 was less than 1%. Serbia holds number 96 in world exports of olive oil.
Export markets for Serbia olive oil ( in '000$ )
Serbia's best performing export markets for olive oil are Bosnia and Herzegovina, Montenegro, China, Italy and Slovenia.
Import/Export Trends
Serbia is a net importer of olive oil. The annual growth of Serbia olive oil in value between 2015 to 2019 was 40%, per year, while annual growth in quantity during the same period was -10%, per annum.
Serbia bought 1,384 tonnes of olive oil in 2019.