What is the price of olive oil per kilogram/pound in Iran today?
The retail price range for Iran olive oil is between US$ 8.31 and US$ 18.47 per kilogram or between US$ 3.77 and US$ 8.38 per pound(lb). Click here to see today's exact prices of olive oil in Iran
The retail price range in Iranian rial for olive oil is between IRR 415,437.50 and IRR 923,737.50 per kilogram or between IRR 188,407.03 and IRR 418,928.57 per pound(lb) in Tehran and Mashhad.
Wholesale prices
In 2024, the approximate wholesale price range for Iran olive oil is between US$ 5.82 and US$ 12.93 per kilogram or between US$ 2.64 and US$ 5.87 per pound(lb).
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Iran Olive Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Olive Oil from Iran has seen a steady decline over the last five years. In 2017, the price was 4.62 US $ per kg, and in 2021 it was 2.75 US $ per kg. This represents a 40.5% decrease in the export price over the five year period. The lowest price was seen in 2018, when the export price was 2.92 US $ per kg. Looking ahead, it is likely that the export price of Olive Oil from Iran will remain relatively stable, with an estimated price of 2.75 US $ per kg in 2023 and 2024.The exports of olive oil from Iran 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)
- 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)
Iran Olive Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Olive Oil into Iran over the last five years has seen a steady decline. In 2016, the price was 4.78 US dollars per kg, and in 2017 it dropped to 4.62 US dollars per kg. In 2018, the price dropped significantly to 2.92 US dollars per kg, and in 2019 it dropped even further to 2.00 US dollars per kg. In 2020, the price rose to 4.00 US dollars per kg, and in 2021 it dropped again to 2.75 US dollars per kg. Based on this trend, it is likely that the import price per kilogram of Olive Oil into Iran will continue to decline in the coming years. We can predict that the import price per kilogram of Olive Oil into Iran in 2023 will be around 2.50 US dollars per kg, and in 2024 it will be around 2.25 US dollars per kg.Export values for Iran olive oil
The total values in export for olive oil in Iran were US$ 43, US$ 37, US$ 73 and US$ 886 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Iran: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
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Iran olive oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Iran sold 200 tonnes of olive oil. For the year 2019 alone, the market for Iran olive oil (processed category) has increased, flactuating by 700 pc compared to the year 2018. Between 2017 and 2019, olive oil's exports went up by 2400 percent bringing the exporter US$0.89m for the year 2019. Iran's olive oil exports are categorised as:
- Olive oil and fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (excluding virgin and chemically modified) (HS code 150990)
- Other oils and their fractions, obtained solely from olives, whether or not refined, but not chemically modified, incl. blends of these oils or fractions with oils or fractions of heading 1509 (HS code 151000)
- Virgin olive oil and its fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (HS code 150910)
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Iran olive oil export values
In 2019, Iran shipped olive oil costing 0.89m USD, an increment of 1,119.18% from 2018's total olive oil export of 0.073m USD. The yearly change in value of Iran olive oil between 2017 to 2018 was 97.297 per cent.
The annual change in the amount of Iran's olive oil exports between 2017 and 2019 was 2400 per cent when compared to a variation of 700% in the growth rate between 2018 and 2019.
Iran's share of the world's total olive oil's exports in 2019 was less than 1%. Iran holds number 46 in world exports of olive oil.
Export markets for Iran olive oil ( in '000$ )
Iran's best performing export markets for olive oil are Turkey, Afghanistan, Norway, Australia and Iraq.
Import/Export Trends
Iran is a net exporter of olive oil. The annual growth of Iran olive oil in value between 2015 to 2019 was 39%, per year, while annual growth in quantity for the same period was %, per annum.
Iran purchased 3,194 tonnes of olive oil in 2019.