What is the price of olive oil per kilogram/pound in China today?
The retail price range for China olive oil is between US$ 10.05 and US$ 16.75 per kilogram or between US$ 4.56 and US$ 7.60 per pound(lb). Click here to see today's exact prices of olive oil in China
The retail price range in Yuan Renminbi for olive oil is between CNY 70.49 and CNY 117.48 per kilogram or between CNY 31.97 and CNY 53.28 per pound(lb) in Beijing and Shanghai.
Wholesale prices
In 2024, the approximate wholesale price range for China olive oil is between US$ 7.04 and US$ 11.73 per kilogram or between US$ 3.19 and US$ 5.32 per pound(lb).
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China Olive Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Olive Oil from China over the last five years has been quite varied. In 2017, the price was 6.58 US dollars per kg, followed by a slight increase to 6.63 US dollars per kg in 2018. In 2019, the price rose to 6.72 US dollars per kg, before dropping to 4.8 US dollars per kg in 2020. This year, 2021, the price has increased again to 7.66 US dollars per kg. Looking ahead, we predict that the price of Olive Oil from China will be 4.54 US dollars per kg in 2022 and 4.90 US dollars per kg in 2023.The exports of olive oil from China are categorised 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)
China Olive Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Olive Oil into China over the last five years has been quite volatile. In 2017, the price was 6.58 US dollars per kg, followed by a slight increase to 6.63 US dollars per kg in 2018. However, in 2019, the price rose to 6.72 US dollars per kg, before dropping to 4.8 US dollars per kg in 2020. This year, 2021, the price has increased again to 7.66 US dollars per kg. Looking ahead, the price is expected to drop to 4.54 US dollars per kg in 2022. Based on the data, it is predicted that the import price per kilogram of Olive Oil into China will remain relatively stable in 2023, at around 4.54 US dollars per kg. In 2024, the price is expected to increase slightly to around 4.58 US dollars per kg.Export values for China olive oil
The total values in export for olive oil in China were US$ 1,214, US$ 783, US$ 537 and US$ 766 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in China: 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.
China olive oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 China exported 114 tonnes of olive oil. For the year 2019 alone, the demand for China olive oil (processed category) has climbed, with a change of 40.741 % compared to the year 2018. Between 2017 and 2019, olive oil's exports went down by -4.2% bringing the nation US$0.77m for the year 2019. China's olive oil exports are categorised as:
- Other oils and their fractions, obtained solely from olives, whether or not refined, but not chemically modified, incl. blends of these oils or fractions with oils or fractions of heading 1509 (HS code 151000)
- Olive oil and fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (excluding virgin and chemically modified) (HS code 150990)
- Virgin olive oil and its fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (HS code 150910)
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China olive oil export values
In 2019, China shipped olive oil with a value of 0.77m USD, an improvement of 43.39% from 2018's total olive oil export of 0.537m USD. The yearly growth in value of China olive oil between 2017 to 2018 was -31.418 pc.
The yearly variation in the volume of China's olive oil exports between 2017 and 2019 was -4.2 pc in comparison to a variation of 40.741% in the period between 2018 and 2019.
China's stake of the world's total olive oil's exports in 2019 was 8 per cent. China is ranked number 3 in world exports of olive oil.
Export markets for China olive oil ( in '000$ )
China's leading destinations for olive oil are United Kingdom (UK), US, Spain, Canada and the Philippines.
Import/Export Trends
China is a net exporter of olive oil. The annual growth of China olive oil in value between 2015 to 2019 was -12%, per annum, while annual growth in quantity during the same period was -3%, per annum.
China ordered 53,700 tonnes of olive oil in 2019.