What is the price of olive oil per kilogram/pound in Japan today?
The retail price range for Japan olive oil is between US$ 14.75 and US$ 34.42 per kilogram or between US$ 6.69 and US$ 15.61 per pound(lb). Click here to see today's exact prices of olive oil in Japan
The retail price range in Yen for olive oil is between JPY 2,037.43 and JPY 4,754.01 per kilogram or between JPY 924.00 and JPY 2,156.01 per pound(lb) in Tokyo and Yokohama.
Wholesale prices
In 2024, the approximate wholesale price range for Japan olive oil is between US$ 10.33 and US$ 24.09 per kilogram or between US$ 4.68 and US$ 10.93 per pound(lb).
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Japan Olive Oil Export Prices - Historical, Trends and Prediction
The export price of Olive Oil from Japan over the last five years has seen a significant decrease. In 2012, the price per kilogram was 35.50 US dollars, but by 2021, it had dropped to 17.55 US dollars. The lowest price was recorded in 2019, when it was 9.70 US dollars per kilogram. Since then, the price has been gradually increasing, reaching 12.77 US dollars in 2020 and 17.55 US dollars in 2021. Based on this trend, it is predicted that the export price of Olive Oil from Japan in 2023 will be around 15.66 US dollars per kilogram, and in 2024 it will be around 16.71 US dollars per kilogram.The Japan 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)
Japan Olive Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Olive Oil into Japan over the last five years has seen a significant decrease. In 2012, the price was 35.50 US dollars per kg, but by 2016, it had dropped to 27.15 US dollars per kg. This trend continued in 2017, with the price dropping to 20.13 US dollars per kg. In 2018, the price decreased further to 19.14 US dollars per kg, and in 2019, it dropped to an all-time low of 9.70 US dollars per kg. The price has since increased slightly, with 2020 seeing a price of 12.77 US dollars per kg, and 2021 and 2022 seeing prices of 17.55 and 13.77 US dollars per kg respectively. Based on this data, it is likely that the import price per kilogram of Olive Oil into Japan will continue to remain relatively low in the coming years, with a predicted price of 16.66 US dollars per kg in 2023 and 15.71 US dollars per kg in 2024.Export values for Japan olive oil
The total values in export for olive oil in Japan were US$ 896, US$ 926, US$ 976 and US$ 747 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Japan: 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.
Japan olive oil - Production, Exports, Imports, Seasons and HS Codes
The volume of olive oil shipped by Japan in 2020 was 91 metric tons. In 2019 Japan sold 77 tonnes of olive oil. For the year 2019 alone, the demand for Japan olive oil (processed category) has surged, flactuating by 50.98 pc compared to the year 2018. Between 2017 and 2019, olive oil's exports went up by 67.39% bringing the country US$0.75m for the year 2019. Japan's olive oil exports are classified as:
- Olive oil and fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (excluding virgin and chemically modified) (HS code 150990)
- Other oils and their fractions, obtained solely from olives, whether or not refined, but not chemically modified, incl. blends of these oils or fractions with oils or fractions of heading 1509 (HS code 151000)
- Virgin olive oil and its fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (HS code 150910)
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Japan olive oil export values
In 2019, Japan supplied olive oil costing 0.75m USD, a drop of -23.16% from 2018's total olive oil export of 0.976m USD. The annual change in value of Japan olive oil between 2017 to 2018 was 5.4%.
The annual/yearly variation in the quantity of Japan's olive oil exports between 2017 and 2019 was 67.39 per cent in comparison to a variation of 50.98% in the period between 2018 and 2019.
Japan's share of the world's total olive oil's exports in 2019 was less than 1%. Japan holds number 21 in world exports of olive oil.
Export markets for Japan olive oil ( in '000$ )
Japan's leading export markets for olive oil are France, Vietnam, China, South Korea and Myanmar.
Import/Export Trends
Japan is a net importer of olive oil. The annual growth of Japan olive oil in value between 2015 to 2019 was 16%, per year, while annual growth in quantity was 6%, per annum.
Japan imported 72,844 tonnes of olive oil in 2019.