What is the price of olive oil per kilogram/pound in Jamaica today?
The retail price range for Jamaica olive oil is between US$ 4.88 and US$ 17.60 per kilogram or between US$ 2.21 and US$ 7.98 per pound(lb). Click here to see today's exact prices of olive oil in Jamaica
The retail price range in Jamaican Dollar for olive oil is between JMD 760.24 and JMD 2,740.81 per kilogram or between JMD 344.78 and JMD 1,243.00 per pound(lb) in Kingston and Montego Bay.
Wholesale prices
In 2024, the approximate wholesale price range for Jamaica olive oil is between US$ 3.42 and US$ 12.32 per kilogram or between US$ 1.55 and US$ 5.59 per pound(lb).
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Jamaica Olive Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Olive Oil from Jamaica over the last five years has been quite varied. In 2017, the price was 11.00 US $ per kg, followed by a significant increase to 21.67 US $ per kg in 2016. The price then decreased to 13.20 US $ per kg in 2018 and 13.40 US $ per kg in 2019. In 2020, the price dropped to 12.83 US $ per kg and then increased to 19.00 US $ per kg in 2021. Based on this data, it is likely that the export price per kilogram of Olive Oil from Jamaica will remain around the 19.00 US $ mark in 2023 and 2024.The olive oil exports from Jamaica 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)
- 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)
Jamaica Olive Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Olive Oil into Jamaica over the last five years has been quite varied. In 2016, the price was 21.67 US dollars per kg, followed by a sharp drop to 11.00 US dollars per kg in 2017. The price then increased to 13.20 US dollars per kg in 2018 and 13.40 US dollars per kg in 2019. In 2020, the price dropped slightly to 12.83 US dollars per kg, before increasing again to 19.00 US dollars per kg in 2021. Based on this data, it is likely that the import price per kilogram of Olive Oil into Jamaica will remain around the 19.00 US dollars per kg mark in the next two years, with a slight decrease in 2023 to 18.50 US dollars per kg and a slight increase in 2024 to 19.50 US dollars per kg.Export values for Jamaica olive oil
The total values in export for olive oil in Jamaica were US$ 65, US$ 77, US$ 66 and US$ 68 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Jamaica: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of olive oil in other countries across Caribbean: Aruba olive oil, Bahamas olive oil, Barbados olive oil, Cuba olive oil, Dominican Republic olive oil, Grenada olive oil, Guadeloupe olive oil, Haiti olive oil, Jamaica olive oil & Martinique olive oil.
Jamaica olive oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Jamaica sold 5 tonnes of olive oil. Across 2019 alone, the interest in Jamaica olive oil (processed category) has remained constant, changing by 0 percent compared to the year 2018. Between 2017 and 2019, olive oil's exports went down by -28.57% netting the country US$0.07m for the year 2019. Jamaica's olive oil exports are categorised as:
- Olive oil and fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (excluding virgin and chemically modified) (HS code 150990)
- Other oils and their fractions, obtained solely from olives, whether or not refined, but not chemically modified, incl. blends of these oils or fractions with oils or fractions of heading 1509 (HS code 151000)
- Virgin olive oil and its fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (HS code 150910)
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Jamaica olive oil export values
In 2019, Jamaica supplied olive oil with a value of 0.07m USD, a growth of 6.06% from 2018's total olive oil export of 0.066m USD. The yearly change in value of Jamaica olive oil between 2017 to 2018 was -14.286%.
The annual/yearly variation in the volume of Jamaica's olive oil exports between 2017 and 2019 was -28.57 percent compared to a variation of 0% in the period between 2018 and 2019.
Jamaica's stake of the world's total olive oil's exports in 2019 was less than 1%. The country holds position 83 in world exports of olive oil.
Export markets for Jamaica olive oil ( in '000$ )
Jamaica's best performing destinations for olive oil are US, Canada, Guatemala and United Kingdom (UK).
Jamaica imported 344 tonnes of olive oil in 2019.