What is the price of olive oil per kilogram/pound in Indonesia today?
The retail price range for Indonesia olive oil is between US$ 3.93 and US$ 5.00 per kilogram or between US$ 1.78 and US$ 2.27 per pound(lb). Click here to see today's exact prices of olive oil in Indonesia
The retail price range in Rupiah for olive oil is between IDR 65,481.75 and IDR 83,266.92 per kilogram or between IDR 29,696.94 and IDR 37,762.77 per pound(lb) in Jakarta and Surabaya.
Wholesale prices
In 2024, the approximate wholesale price range for Indonesia olive oil is between US$ 2.75 and US$ 3.50 per kilogram or between US$ 1.25 and US$ 1.59 per pound(lb).
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Indonesia Olive Oil Export Prices - Historical, Trends and Prediction
The export price of Olive Oil from Indonesia over the last five years has been quite volatile. In 2012, the price was 2.95 US$ per kg, which then rose to 9.4 US$ per kg in 2013. This was followed by a sharp increase to 13.24 US$ per kg in 2014. However, the price dropped significantly in 2015 to 2.78 US$ per kg. In 2016, the price further decreased to 1.33 US$ per kg. The price then rose to 3.00 US$ per kg in 2017 and further increased to 5.20 US$ per kg in 2018. The price then stabilized at 6.00 US$ per kg in 2019 and dropped to 3.00 US$ per kg in 2020. The latest data shows that the export price of Olive Oil from Indonesia is 0.58 US$ per kg in 2021. Based on the current trend, it is predicted that the export price of Olive Oil from Indonesia will be around 2.50 US$ per kg in 2023 and 3.00 US$ per kg in 2024.The exports of olive oil from Indonesia are classified 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)
- 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)
- 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)
Indonesia Olive Oil Import Prices - Historical, Trends and Prediction
The import price of Olive Oil into Indonesia has seen a significant fluctuation over the past five years. In 2016, the price per kilogram was 1.33 US dollars, which was the lowest in the five-year period. This was followed by a sharp increase in 2017, when the price rose to 3.00 US dollars. In 2018, the price rose further to 5.20 US dollars, before dropping to 6.00 US dollars in 2019. The price then dropped again in 2020 to 3.00 US dollars, before reaching its lowest point in 2021 at 0.58 US dollars. Looking ahead, it is likely that the import price of Olive Oil into Indonesia will remain relatively stable in the next two years. We predict that the price in 2023 will be around 3.00 US dollars, and in 2024 it will be around 3.50 US dollars.Export values for Indonesia olive oil
The total values in export for olive oil in Indonesia were US$ 4, US$ 39, US$ 26 and US$ 12 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Indonesia: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of olive oil in other countries across Asia: Kazakhstan olive oil, Kyrgyzstan olive oil, Tajikistan olive oil, Turkmenistan olive oil, Uzbekistan olive oil, China olive oil, Hong Kong olive oil, Macao olive oil, North Korea olive oil & Mongolia olive oil.
Indonesia olive oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Indonesia shipped 2 tonnes of olive oil. Across 2019 alone, the market for Indonesia olive oil (processed category) has gone down, flactuating by -60 pc compared to the year 2018. Between 2017 and 2019, olive oil's exports reduced by -84.62% netting the exporter US$0.01m for the year 2019. Indonesia's olive oil exports are classified as:
- Olive oil and fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (excluding virgin and chemically modified) (HS code 150990)
- Virgin olive oil and its fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (HS code 150910)
- Other oils and their fractions, obtained solely from olives, whether or not refined, but not chemically modified, incl. blends of these oils or fractions with oils or fractions of heading 1509 (HS code 151000)
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Indonesia olive oil export values
In 2019, Indonesia supplied olive oil costing 0.01m USD, a decrease of -61.54% from 2018's total olive oil export of 0.026m USD. The yearly change in value of Indonesia olive oil between 2017 to 2018 was -33.333 pc.
The per year variation in the quantity of Indonesia's olive oil exports between 2017 and 2019 was -84.62% compared to a variation of -60% in the period between 2018 and 2019.
Indonesia's portion of the world's total olive oil's exports in 2019 was less than 1%. Indonesia holds number 14 in world exports of olive oil.
Export markets for Indonesia olive oil ( in '000$ )
Indonesia's top destinations for olive oil are Malaysia, Brunei Darussalam, Nigeria, Ivory Coast (Côte d'Ivoire
) and Benin.
Indonesia procured 3,104 tonnes of olive oil in 2019.