What is the price of olive oil per kilogram/pound in Egypt today?
The retail price range for Egypt olive oil is between US$ 6.73 and US$ 13.46 per kilogram or between US$ 3.05 and US$ 6.11 per pound(lb). Click here to see today's exact prices of olive oil in Egypt
The retail price range in Egyptian Pound for olive oil is between EGP 210.37 and EGP 420.74 per kilogram or between EGP 95.41 and EGP 190.81 per pound(lb) in Cairo and Alexandria.
Wholesale prices
In 2024, the approximate wholesale price range for Egypt olive oil is between US$ 4.71 and US$ 9.42 per kilogram or between US$ 2.14 and US$ 4.27 per pound(lb).
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Egypt Olive Oil Export Prices - Historical, Trends and Prediction
The export price of Olive Oil from Egypt over the last five years has been quite volatile. In 2016, the price per kilogram was 4.40 US dollars, which increased to 4.83 US dollars in 2017. However, in 2018, the price dropped to 4.99 US dollars and then further decreased to 3.18 US dollars in 2019. In 2020, the price per kilogram of Olive Oil from Egypt was 3.32 US dollars and in 2021 it was 4.05 US dollars. Based on this data, it is likely that the export price of Olive Oil from Egypt will remain around 4.00 US dollars in 2023 and 2024.The olive oil exports from Egypt 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)
Egypt Olive Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Olive Oil into Egypt has seen a steady increase over the last five years. In 2016, the price was $4.40, and in 2021 it was $4.05. This represents an overall increase of 8.4%. The highest price was in 2015, when it was $4.31, and the lowest was in 2019, when it was $3.18. The trend suggests that the price of Olive Oil is likely to continue to increase in the coming years. Based on this data, it is predicted that the import price per kilogram of Olive Oil into Egypt in 2023 will be $4.25, and in 2024 it will be $4.45.Export values for Egypt olive oil
The total values in export for olive oil in Egypt were US$ 2,702, US$ 2,617, US$ 6,238 and US$ 6,877 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Egypt: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of olive oil in other countries across Africa: Algeria olive oil, Angola olive oil, Botswana olive oil, Burundi olive oil, Cameroon olive oil, Cape Verde olive oil, Central African Republic olive oil, Comoros olive oil, DRC Congo olive oil & Benin olive oil.
Egypt olive oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Egypt exported 792 tonnes of olive oil. In 2019 alone, the interest in Egypt olive oil (processed category) has decreased, changing by -47.963 pc compared to the year 2018. Between 2017 and 2019, olive oil's exports went down by -73.56 pc netting the nation US$6.88m for the year 2019. Egypt's olive oil exports are categorised as:
- Virgin olive oil and its fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (HS code 150910)
- Other oils and their fractions, obtained solely from olives, whether or not refined, but not chemically modified, incl. blends of these oils or fractions with oils or fractions of heading 1509 (HS code 151000)
- Olive oil and fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (excluding virgin and chemically modified) (HS code 150990)
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Egypt olive oil export values
In 2019, Egypt exported olive oil with a value of 6.88m USD, a surge of 10.29% from 2018's total olive oil export of 6.238m USD. The annual growth in value of Egypt olive oil between 2017 to 2018 was 138.365 percent.
The per year variation in the volume of Egypt's olive oil exports between 2017 and 2019 was -73.56% compared to a variation of -47.963% in the period between 2018 and 2019.
Egypt's share of the world's total olive oil's exports in 2019 was less than 1%. The country holds position 66 in world exports of olive oil.
Export markets for Egypt olive oil ( in '000$ )
Egypt's best performing destinations for olive oil are Indonesia, Palestine, Nigeria, Russia and Kenya.
Egypt imported 3,826 tonnes of olive oil in 2019.