What is the price of olive oil per kilogram/pound in Georgia today?
The retail price range for Georgia olive oil is between US$ 8.80 and US$ 22.47 per kilogram or between US$ 3.99 and US$ 10.19 per pound(lb). Click here to see today's exact prices of olive oil in Georgia
The retail price range in Lari for olive oil is between GEL 22.30 and GEL 56.93 per kilogram or between GEL 10.11 and GEL 25.82 per pound(lb) in Tbilisi and Batumi.
Wholesale prices
In 2024, the approximate wholesale price range for Georgia olive oil is between US$ 6.16 and US$ 15.73 per kilogram or between US$ 2.79 and US$ 7.13 per pound(lb).
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Georgia Olive Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Olive Oil from Georgia has seen a steady decline over the last five years. In 2013, the price was 10.00 US dollars per kg, but by 2021, it had dropped to 7.67 US dollars per kg. In 2014, the price was 3.95 US dollars per kg, and in 2015, it was 3.18 US dollars per kg. In 2016, the price was 2.86 US dollars per kg, and in 2017, it rose to 6.00 US dollars per kg. In 2018, the price dropped to 1.54 US dollars per kg, and in 2019, it rose to 4.14 US dollars per kg. In 2020, the price dropped again to 2.86 US dollars per kg, and in 2021, it rose to 7.67 US dollars per kg. Based on this trend, it is likely that the export price per kilogram of Olive Oil from Georgia will be around 5.50 US dollars per kg in 2023 and 4.00 US dollars per kg in 2024.The exports of olive oil from Georgia 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)
Georgia Olive Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Olive Oil into Georgia over the last five years has seen a significant decrease. In 2013, the price was 10.00 US dollars per kg, but by 2017, it had dropped to 6.00 US dollars per kg. This trend continued in 2018, when the price fell to 1.54 US dollars per kg, and in 2019, when it dropped to 4.14 US dollars per kg. The lowest price was recorded in 2020, when the import price was 2.86 US dollars per kg. However, in 2021, the price rose to 7.67 US dollars per kg. Based on this data, it is likely that the import price of Olive Oil into Georgia will remain around the 7.00 US dollars per kg mark in 2023 and 2024.Export values for Georgia olive oil
The total values in export for olive oil in Georgia were US$ 20, US$ 12, US$ 37 and US$ 29 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Georgia: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of olive oil in other countries across Europe: Georgia olive oil, Albania olive oil, Belarus olive oil, Bosnia and Herzegovina olive oil, Bulgaria olive oil, Croatia olive oil, Czech Republic olive oil, Estonia olive oil, Greece olive oil & Hungary olive oil.
Georgia olive oil - Production, Exports, Imports, Seasons and HS Codes
The amount of olive oil exported by Georgia in 2020 was 7 metric tonnes. In 2019 Georgia exported 7 tonnes of olive oil. Through 2019 alone, the demand for Georgia olive oil (processed category) has decreased, recording a change of -70.833 percent compared to the year 2018. Between 2017 and 2019, olive oil's exports increased by 250 pc netting the nation US$0.03m for the year 2019. Georgia's olive oil exports are categorised as:
- Virgin olive oil and its fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (HS code 150910)
- Other oils and their fractions, obtained solely from olives, whether or not refined, but not chemically modified, incl. blends of these oils or fractions with oils or fractions of heading 1509 (HS code 151000)
- Olive oil and fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (excluding virgin and chemically modified) (HS code 150990)
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Georgia olive oil export values
In 2019, Georgia supplied olive oil valued at 0.03m USD, a reduction of -18.92% from 2018's total olive oil export of 0.037m USD. The yearly reduction in value of Georgia olive oil between 2017 to 2018 was 208.333 per cent.
The annual variation in the volume of Georgia's olive oil exports between 2017 and 2019 was 250 per cent when compared to a variation of -70.833% in the growth rate between 2018 and 2019.
Export markets for Georgia olive oil ( in '000$ )
Georgia's best performing destinations for olive oil are Azerbaijan, US, Armenia and Iran.
Georgia bought 355 tonnes of olive oil in 2019.