What is the price of olive oil per kilogram/pound in Ghana today?
The retail price range for Ghana olive oil is between US$ 6.93 and US$ 16.82 per kilogram or between US$ 3.14 and US$ 7.63 per pound(lb). Click here to see today's exact prices of olive oil in Ghana
The retail price range in Ghana Cedi for olive oil is between GHS 74.47 and GHS 180.86 per kilogram or between GHS 33.77 and GHS 82.02 per pound(lb) in Accra and Kumasi.
Wholesale prices
In 2024, the approximate wholesale price range for Ghana olive oil is between US$ 4.85 and US$ 11.77 per kilogram or between US$ 2.20 and US$ 5.34 per pound(lb).
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Ghana Olive Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Olive Oil from Ghana over the last five years has been quite volatile. In 2013, the price was 3.00 US$/kg, which dropped to 0.92 US$/kg in 2014. In 2015, the price rose to 3.21 US$/kg, before dropping to 1.00 US$/kg in 2016. In 2017, the price increased to 1.50 US$/kg, before rising again to 3.11 US$/kg in 2018. The price then dropped to 0.57 US$/kg in 2019, and is currently at 0.00 US$/kg in 2021. Based on this data, it is likely that the export price per kilogram of Olive Oil from Ghana in 2023 will be around 0.50 US$/kg, and in 2024 will be around 1.00 US$/kg.The exports of olive oil from Ghana 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)
Ghana Olive Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Olive Oil into Ghana has seen a fluctuating trend over the last five years. In 2013, the price was 3.00 US dollars per kg. This dropped to 0.92 US dollars per kg in 2014, before rising to 3.21 US dollars per kg in 2015. The price then dropped to 1.00 US dollars per kg in 2016, before increasing to 1.50 US dollars per kg in 2017. The price then rose to 3.11 US dollars per kg in 2018, before dropping to 0.57 US dollars per kg in 2019. The price for 2021 is 0.00 US dollars per kg. Based on the data, it is predicted that the import price per kilogram of Olive Oil into Ghana will be 0.50 US dollars per kg in 2023 and 0.75 US dollars per kg in 2024.Export values for Ghana olive oil
The total values in export for olive oil in Ghana were US$ 2, US$ 3, US$ 28 and US$ 4 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Ghana: 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.
Ghana olive oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Ghana shipped 7 tonnes of olive oil. In 2019 alone, the demand for Ghana olive oil (processed category) has decreased, with a change of -22.222 pc compared to the year 2018. Between 2017 and 2019, olive oil's exports went up by 250 percent earning the nation US$0.00m for the year 2019. Ghana's olive oil exports are categorised as:
- Olive oil and fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (excluding virgin and chemically modified) (HS code 150990)
- Virgin olive oil and its fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (HS code 150910)
- Other oils and their fractions, obtained solely from olives, whether or not refined, but not chemically modified, incl. blends of these oils or fractions with oils or fractions of heading 1509 (HS code 151000)
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Ghana olive oil export values
In 2019, Ghana shipped olive oil with a value of 0.00m USD, a reduction of -100.00% from 2018's total olive oil export of 0.028m USD. The yearly change in value of Ghana olive oil between 2017 to 2018 was 833.333 percent.
The annual change in the volume of Ghana's olive oil exports between 2017 and 2019 was 250 pc in comparison to a variation of -22.222% in the period between 2018 and 2019.
Export markets for Ghana olive oil ( in '000$ )
Ghana's best performing destinations for olive oil are United Kingdom (UK), Togo, Sweden, Spain and Germany.
Ghana ordered 597 tonnes of olive oil in 2019.