What is the price of olive oil per kilogram/pound in Hungary today?
The retail price range for Hungary olive oil is between US$ 5.44 and US$ 10.68 per kilogram or between US$ 2.47 and US$ 4.84 per pound(lb). Click here to see today's exact prices of olive oil in Hungary
The retail price range in Forint for olive oil is between HUF 1,894.83 and HUF 3,721.99 per kilogram or between HUF 859.33 and HUF 1,687.98 per pound(lb) in Budapest and Debrecen.
Wholesale prices
In 2024, the approximate wholesale price range for Hungary olive oil is between US$ 3.81 and US$ 7.48 per kilogram or between US$ 1.73 and US$ 3.39 per pound(lb).
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Hungary olive oil - Production, Exports, Imports, Seasons and HS Codes
The quantity of olive oil shipped by Hungary in 2020 was 157 tonnes. In 2019 Hungary shipped 145 tonnes of olive oil. Through 2019 alone, the demand for Hungary olive oil (processed category) has reduced, with a change of -24.084 pc compared to the year 2018. Between 2017 and 2019, olive oil's exports grew by 1.4 pc bringing the country US$0.61m for the year 2019. Hungary's olive oil exports are classified as:
- Other oils and their fractions, obtained solely from olives, whether or not refined, but not chemically modified, incl. blends of these oils or fractions with oils or fractions of heading 1509 (HS code 151000)
- Virgin olive oil and its fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (HS code 150910)
- Olive oil and fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (excluding virgin and chemically modified) (HS code 150990)
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Hungary olive oil export values
In 2019, Hungary supplied olive oil costing 0.61m USD, a drop of -28.40% from 2018's total olive oil export of 0.852m USD. The annual reduction in value of Hungary olive oil between 2017 to 2018 was 35.669%.
The per year change in the quantity of Hungary's olive oil exports between 2017 and 2019 was 1.4 pc compared to a variation of -24.084% in the period between 2018 and 2019.
Hungary's stake of the world's total olive oil's exports in 2019 was less than 1%. Hungary holds position 78 in world exports of olive oil.
Export markets for Hungary olive oil ( in '000$ )
Hungary's top destinations for olive oil are Czech Republic, Croatia, Bosnia and Herzegovina, Germany and Serbia.
Import/Export Trends
Hungary is a net importer of olive oil. The annual growth of Hungary olive oil in value between 2015 to 2019 was 16%, per annum, while annual growth in quantity for the same period was 7%, per annum.
Hungary ordered 3,685 tonnes of olive oil in 2019.