What is the price of olives per kilogram/pound in Cyprus today?
The retail price range for Cyprus olives is between US$ 5.32 and US$ 15.97 per kilogram or between US$ 2.41 and US$ 7.24 per pound(lb). Click here to see today's exact prices of olives in Cyprus
The retail price range in Euro for olives is between EUR 4.92 and EUR 14.76 per kilogram or between EUR 2.23 and EUR 6.69 per pound(lb) in Nicosia and Larnaca.
Wholesale prices
In 2024, the approximate wholesale price range for Cyprus olives is between US$ 3.73 and US$ 11.18 per kilogram or between US$ 1.69 and US$ 5.07 per pound(lb).
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Cyprus Olives Export Prices - Historical, Trends and Prediction
The export price per kilogram of Olives from Cyprus over the last five years has been quite varied. In 2017, the price was 3.35 US $ per kg, followed by a sharp increase to 4.50 US $ per kg in 2018. The price then dropped to 4.40 US $ per kg in 2019, before decreasing further to 3.57 US $ per kg in 2020. 2021 saw a slight increase to 3.72 US $ per kg, before rising again to 4.63 US $ per kg in 2022. Based on this data, it is predicted that the export price per kilogram of Olives from Cyprus in 2023 will be around 4.50 US $ per kg, and in 2024 will be around 4.75 US $ per kg.The olives exports from Cyprus are categorised as:
- Olives, provisionally preserved, e.g. by sulphur dioxide gas, in brine, in sulphur water or in other preservative solutions, but unsuitable in that state for immediate consumption (HS code 071120)
- Olives, prepared or preserved otherwise than by vinegar or acetic acid (excluding frozen) (HS code 200570)
- Fresh or chilled olives (HS code 070992)
Cyprus Olives Import Prices - Historical, Trends and Prediction
The import price per kilogram of Olives into Cyprus over the last five years has been quite volatile. In 2016, the price was 3.00 US dollars per kg, followed by a slight increase to 3.35 US dollars per kg in 2017. However, in 2018, the price jumped to 4.50 US dollars per kg, before dropping to 4.40 US dollars per kg in 2019. In 2020, the price decreased further to 3.57 US dollars per kg, before rising to 3.72 US dollars per kg in 2021. The latest data shows that the import price per kilogram of Olives into Cyprus is 4.63 US dollars. Based on the current trend, it is likely that the import price per kilogram of Olives into Cyprus will remain relatively stable in the next two years. We predict that the import price per kilogram of Olives into Cyprus in 2023 will be around 4.63 US dollars, and in 2024 it will be around 4.70 US dollars.Export values for Cyprus olives
The total values in export for olives in Cyprus were US$ 33, US$ 104, US$ 9 and US$ 22 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Fruits category in Cyprus: Pumpkins, squash and gourds, Sweetcorn, Bananas, Dates, Figs, Pineapples, Avocados, Mangoes, Oranges & Mandarin Oranges (tangerines and clementines.
See prices of olives in other countries across Middle East: Bahrain olives, Cyprus olives, Iraq olives, Israel olives, Jordan olives, Kuwait olives, Lebanon olives, Palestine olives, Oman olives & Qatar olives.
Cyprus olives - Production, Exports, Imports, Seasons and HS Codes
The volume of olives sold by Cyprus in 2020 was 8 tons. In 2019 Cyprus shipped 5 tonnes of olives. Through 2019 alone, the demand for Cyprus olives (fruits category) has gone up, flactuating by 150 percent compared to the year 2018. Between 2017 and 2019, olives' exports reduced by -83.87 percent netting Cyprus US$0.02m for the year 2019. Cyprus' olives exports are classified as:
- Olives, provisionally preserved, e.g. by sulphur dioxide gas, in brine, in sulphur water or in other preservative solutions, but unsuitable in that state for immediate consumption (HS code 071120)
- Fresh or chilled olives (HS code 070992)
- Olives, prepared or preserved otherwise than by vinegar or acetic acid (excluding frozen) (HS code 200570)
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Cyprus olives export values
In 2019, Cyprus supplied olives valued at 0.02m USD, a surge of 122.22% from 2018's total olives export of 0.009m USD. The yearly growth in value of Cyprus olives between 2017 to 2018 was -91.346%.
The annual/yearly variation in the volume of Cyprus' olives exports between 2017 and 2019 was -83.87 per cent in comparison to a variation of 150% in the period between 2018 and 2019.
Export markets for Cyprus olives ( in '000$ )
Cyprus' leading destinations for olives are United Kingdom (UK), US, Egypt, Greece and Australia.
Cyprus ordered 863 tonnes of olives in 2019.
Production
The production of olives in Cyprus was 76,560 tonnes in 2019 and is predicted to change by an average of 27.41%. The country had approximately 33,180.00 hectares under olives cultivation.