What is the price of olive oil per kilogram/pound in Armenia today?
The retail price range for Armenia olive oil is between US$ 14.70 and US$ 24.50 per kilogram or between US$ 6.67 and US$ 11.11 per pound(lb). Click here to see today's exact prices of olive oil in Armenia
The retail price range in Armenian Dram for olive oil is between AMD 5,675.10 and AMD 9,458.49 per kilogram or between AMD 2,573.74 and AMD 4,289.57 per pound(lb) in Yerevan and Gyumri.
Wholesale prices
In 2024, the approximate wholesale price range for Armenia olive oil is between US$ 10.29 and US$ 17.15 per kilogram or between US$ 4.67 and US$ 7.78 per pound(lb).
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Armenia Olive Oil Export Prices - Historical, Trends and Prediction
The export price of Olive Oil from Armenia over the last five years has been quite varied. In 2013, the price per kilogram was 8.00 US dollars, dropping to 3.00 US dollars in 2014. In 2017, the price rose to 5.00 US dollars, before dropping again to 4.00 US dollars in 2018. The most recent year, 2021, saw the price rise to 7.67 US dollars. Based on this data, it is likely that the export price of Olive Oil from Armenia will remain around the 7.67 US dollar mark in 2023 and 2024.The Armenia olive oil exports are classified as:
- 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)
- 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)
Armenia Olive Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Olive Oil into Armenia has seen a steady decline over the past five years. In 2013, the price was 8.00 US dollars per kg, which dropped to 3.00 US dollars per kg in 2014. This downward trend continued until 2017, when the price rose to 5.00 US dollars per kg. In 2018, the price dropped again to 4.00 US dollars per kg, and in 2021, the price rose to 7.67 US dollars per kg. Based on this data, it is likely that the import price per kilogram of Olive Oil into Armenia will remain relatively stable in the next two years. We predict that the price in 2023 will be around 7.00 US dollars per kg, and the price in 2024 will be around 6.00 US dollars per kg.Export values for Armenia olive oil
The total values in export for olive oil in Armenia were US$ 3, US$ 15 and US$ 4 in US dollar thousand for the years 2014, 2017 and 2018 in that order.
Prices of other produce in the Processed category in Armenia: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of olive oil in other countries across Asia: Kazakhstan olive oil, Kyrgyzstan olive oil, Tajikistan olive oil, Turkmenistan olive oil, Uzbekistan olive oil, China olive oil, Hong Kong olive oil, Macao olive oil, North Korea olive oil & Mongolia olive oil.
Armenia olive oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Armenia exported small quantities of olive oil. For the year 2019 alone, the market for Armenia olive oil (processed category) has , flactuating by per cent compared to the year 2018. Between 2017 and 2019, olive oil's exports went down by -100 percent bringing the exporter US$0.00m for the year 2019. Armenia's olive oil exports are categorised as:
- Other oils and their fractions, obtained solely from olives, whether or not refined, but not chemically modified, incl. blends of these oils or fractions with oils or fractions of heading 1509 (HS code 151000)
- Olive oil and fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (excluding virgin and chemically modified) (HS code 150990)
- Virgin olive oil and its fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (HS code 150910)
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Armenia olive oil export values
In 2019, Armenia supplied olive oil with a value of 0.00m USD, a drop of -100.00% from 2018's total olive oil export of 0.004m USD. The annual reduction in value of Armenia olive oil between 2017 to 2018 was -73.333 pc.
The annual variation in the amount of Armenia's olive oil exports between 2017 and 2019 was -100 pc between 2018 and 2019.
Export markets for Armenia olive oil ( in '000$ )
Armenia's best performing export markets for olive oil are Georgia and Russia.
Armenia procured 171 tonnes of olive oil in 2019.