What is the price of olive oil per kilogram/pound in Canada today?
The retail price range for Canada olive oil is between US$ 7.72 and US$ 12.54 per kilogram or between US$ 3.50 and US$ 5.69 per pound(lb). Click here to see today's exact prices of olive oil in Canada
The retail price range in Canadian Dollar for olive oil is between CAD 10.42 and CAD 16.93 per kilogram or between CAD 4.72 and CAD 7.68 per pound(lb) in Ottawa and Montréal.
Wholesale prices
In 2024, the approximate wholesale price range for Canada olive oil is between US$ 5.40 and US$ 8.78 per kilogram or between US$ 2.45 and US$ 3.98 per pound(lb).
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Canada Olive Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Olive Oil from Canada has seen a steady increase over the last five years. In 2017, the price was 2.38 US dollars per kg, followed by 2.31 US dollars per kg in 2018. In 2019, the price rose to 2.48 US dollars per kg and then dropped to 1.76 US dollars per kg in 2020. The price then spiked to 11.66 US dollars per kg in 2021 before settling back to 2.90 US dollars per kg in 2022. Based on this trend, it is likely that the export price per kilogram of Olive Oil from Canada will be around 3.20 US dollars per kg in 2023 and 3.50 US dollars per kg in 2024.The Canada 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)
Canada Olive Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Olive Oil into Canada has seen a steady increase over the last five years. In 2017, the price was 2.38 US dollars per kg, followed by 2.31 US dollars per kg in 2018. In 2019, the price rose to 2.48 US dollars per kg, before dropping to 1.76 US dollars per kg in 2020. The price then spiked to 11.66 US dollars per kg in 2021, before settling back to 2.90 US dollars per kg in 2022. Based on this trend, it is likely that the import price per kilogram of Olive Oil into Canada will remain around the 2.90 US dollars mark in 2023 and 2024.Export values for Canada olive oil
The total values in export for olive oil in Canada were US$ 2,320, US$ 3,680, US$ 1,729 and US$ 1,523 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Canada: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of olive oil in other countries across North America: Canada olive oil, US olive oil, Anguilla olive oil, Antigua and Barbuda olive oil, Bermuda olive oil, Bonaire, Sint Eustatius and Saba olive oil, St.Pierre and Miquelon olive oil, United States Minor Outlying Islands olive oil, Cayman Islands olive oil & Greenland olive oil.
Canada olive oil - Production, Exports, Imports, Seasons and HS Codes
The amount of olive oil exported by Canada in 2020 was 453 tonnes. In 2019 Canada sold 389 tonnes of olive oil. Through 2019 alone, the market for Canada olive oil (processed category) has decreased, with a change of -27.963 % compared to the year 2018. Between 2017 and 2019, olive oil's exports reduced by -73.41 pc netting the exporter US$1.52m for the year 2019. Canada's olive oil exports are categorised as:
- Virgin olive oil and its fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (HS code 150910)
- Other oils and their fractions, obtained solely from olives, whether or not refined, but not chemically modified, incl. blends of these oils or fractions with oils or fractions of heading 1509 (HS code 151000)
- Olive oil and fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (excluding virgin and chemically modified) (HS code 150990)
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Canada olive oil export values
In 2019, Canada supplied olive oil costing 1.52m USD, a drop of -12.09% from 2018's total olive oil export of 1.729m USD. The yearly change in value of Canada olive oil between 2017 to 2018 was -53.016%.
The annual/yearly change in the amount of Canada's olive oil exports between 2017 and 2019 was -73.41 pc when compared to a variation of -27.963% in the growth rate between 2018 and 2019.
Canada's portion of the world's total olive oil's exports in 2019 was 31.3 pc. Canada holds number 1 in world exports of olive oil.
Export markets for Canada olive oil ( in '000$ )
Canada's leading destinations for olive oil are US, Singapore, France, China and the Bahamas.
Import/Export Trends
Canada is a net exporter of olive oil. The annual growth of Canada olive oil in value between 2015 to 2019 was 10%, per annum, while annual growth in quantity for the same period was -5%, per annum.
Canada ordered 46,933 tonnes of olive oil in 2019.