What is the price of olive oil per kilogram/pound in Australia today?
The retail price range for Australia olive oil is between US$ 9.73 and US$ 17.61 per kilogram or between US$ 4.41 and US$ 7.99 per pound(lb). Click here to see today's exact prices of olive oil in Australia
The retail price range in Australian Dollar for olive oil is between AUD 14.64 and AUD 26.49 per kilogram or between AUD 6.64 and AUD 12.01 per pound(lb) in Canberra and Melbourne.
Wholesale prices
In 2024, the approximate wholesale price range for Australia olive oil is between US$ 6.81 and US$ 12.33 per kilogram or between US$ 3.09 and US$ 5.59 per pound(lb).
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Australia Olive Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Olive Oil from Australia over the last five years has been relatively stable. In 2017, the price was 5.53 US dollars per kg, followed by 4.84 US dollars per kg in 2018, 4.91 US dollars per kg in 2019, 4.50 US dollars per kg in 2020, and 5.68 US dollars per kg in 2021. The price dropped to 4.46 US dollars per kg in 2022. Based on this trend, it is predicted that the export price per kilogram of Olive Oil from Australia in 2023 will be around 4.50 US dollars per kg and in 2024 will be around 4.46 US dollars per kg.The olive oil exports from Australia are classified as:
- 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)
- 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)
Australia Olive Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Olive Oil into Australia over the last five years has been relatively stable. In 2017, the price was 5.53 US dollars per kg, followed by 4.84 US dollars per kg in 2018. In 2019, the price increased slightly to 4.91 US dollars per kg, before dropping to 4.50 US dollars per kg in 2020. The price then rose again in 2021 to 5.68 US dollars per kg, before dropping to 4.46 US dollars per kg in 2022. Based on this trend, it is predicted that the import price per kilogram of Olive Oil into Australia in 2023 will be 4.90 US dollars per kg, and in 2024 will be 4.46 US dollars per kg.Export values for Australia olive oil
The total values in export for olive oil in Australia were US$ 14,303, US$ 18,766, US$ 12,936 and US$ 14,370 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Australia: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of olive oil in other countries across Oceania: Fiji olive oil, French Polynesia olive oil, Guam olive oil, Micronesia olive oil, New Caledonia olive oil, Papua New Guinea olive oil, Samoa olive oil, Solomon Islands olive oil, Tonga olive oil & Vanuatu olive oil.
Australia olive oil - Production, Exports, Imports, Seasons and HS Codes
The quantity of olive oil exported by Australia in 2020 was 2,515 metric tonnes. In 2019 Australia shipped 2,925 tonnes of olive oil. Through 2019 alone, the market for Australia olive oil (processed category) has climbed, recording a change of 9.469 percent compared to the year 2018. Between 2017 and 2019, olive oil's exports decreased by -13.74 pc netting Australia US$14.37m for the year 2019. Australia's olive oil exports are categorised as:
- Other oils and their fractions, obtained solely from olives, whether or not refined, but not chemically modified, incl. blends of these oils or fractions with oils or fractions of heading 1509 (HS code 151000)
- Virgin olive oil and its fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (HS code 150910)
- Olive oil and fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (excluding virgin and chemically modified) (HS code 150990)
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Australia olive oil export values
In 2019, Australia sold olive oil with a value of 14.37m USD, an improvement of 11.09% from 2018's total olive oil export of 12.936m USD. The yearly increase in value of Australia olive oil between 2017 to 2018 was -31.067 pc.
The annual change in the volume of Australia's olive oil exports between 2017 and 2019 was -13.74% compared to a variation of 9.469% in the period between 2018 and 2019.
Australia's share of the world's total olive oil's exports in 2019 was less than 1%. Australia holds position 37 in world exports of olive oil.
Export markets for Australia olive oil ( in '000$ )
Australia's best performing export markets for olive oil are Mexico, China, New Zealand, Chile and Latvia.
Import/Export Trends
Australia is a net importer of olive oil. The annual growth of Australia olive oil in value between 2015 to 2019 was -2%, per annum, while annual growth in quantity during the same period was -8%, per annum.
Australia purchased 30,931 tonnes of olive oil in 2019.