What is the price of olive oil per kilogram/pound in Kazakhstan today?
The retail price range for Kazakhstan olive oil is between US$ 11.07 and US$ 21.66 per kilogram or between US$ 5.02 and US$ 9.82 per pound(lb). Click here to see today's exact prices of olive oil in Kazakhstan
The retail price range in Tenge for olive oil is between KZT 4,965.11 and KZT 9,714.35 per kilogram or between KZT 2,251.75 and KZT 4,405.60 per pound(lb) in Nur-Sultan and Almaty.
Wholesale prices
In 2024, the approximate wholesale price range for Kazakhstan olive oil is between US$ 7.75 and US$ 15.16 per kilogram or between US$ 3.51 and US$ 6.88 per pound(lb).
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Kazakhstan Olive Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Olive Oil from Kazakhstan has seen a steady increase over the last five years. In 2016, the price was 1.00 US$ per kg, and by 2021 it had risen to 3.50 US$ per kg. This represents an increase of 250% over the five year period. The highest price was seen in 2017, when it reached 7.00 US$ per kg. The price has since decreased slightly, but still remains higher than the 2016 price. Based on this trend, it is likely that the export price per kilogram of Olive Oil from Kazakhstan will continue to increase in the coming years. We can predict that the price in 2023 will be around 4.00 US$ per kg, and in 2024 it will be around 4.25 US$ per kg.The Kazakhstan olive oil exports 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)
Kazakhstan Olive Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Olive Oil into Kazakhstan has seen a significant increase over the last five years. In 2012, the price was 0.90 US dollars per kg, and by 2021, it had risen to 3.50 US dollars per kg. This represents an increase of 288.89%. In 2015, the price was 2.00 US dollars per kg, and by 2018, it had risen to 3.67 US dollars per kg. This represents an increase of 83.50%. In 2016, the price was 1.00 US dollars per kg, and by 2019, it had risen to 3.88 US dollars per kg. This represents an increase of 288.00%. In 2017, the price was 7.00 US dollars per kg, and by 2020, it had fallen to 3.72 US dollars per kg. This represents a decrease of 46.86%. Based on the data, it is likely that the import price per kilogram of Olive Oil into Kazakhstan will continue to increase in the next two years. We predict that the price in 2023 will be around 4.00 US dollars per kg, and in 2024, it will be around 4.25 US dollars per kg.Export values for Kazakhstan olive oil
The total values in export for olive oil in Kazakhstan were US$ 1, US$ 14, US$ 22 and US$ 31 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Kazakhstan: 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.
Kazakhstan olive oil - Production, Exports, Imports, Seasons and HS Codes
The volume of olive oil shipped by Kazakhstan in 2020 was 18 metric tons. In 2019 Kazakhstan shipped 8 tonnes of olive oil. Across 2019 alone, the demand for Kazakhstan olive oil (processed category) has gone up, flactuating by 33.333 % compared to the year 2018. Between 2017 and 2019, olive oil's exports grew by 300 pc bringing Kazakhstan US$0.03m for the year 2019. Kazakhstan's olive oil exports are categorised as:
- Other oils and their fractions, obtained solely from olives, whether or not refined, but not chemically modified, incl. blends of these oils or fractions with oils or fractions of heading 1509 (HS code 151000)
- Virgin olive oil and its fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (HS code 150910)
- Olive oil and fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (excluding virgin and chemically modified) (HS code 150990)
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Kazakhstan olive oil export values
In 2019, Kazakhstan supplied olive oil worth 0.03m USD, an improvement of 36.36% from 2018's total olive oil export of 0.022m USD. The yearly increase in value of Kazakhstan olive oil between 2017 to 2018 was 57.143%.
The per year variation in the volume of Kazakhstan's olive oil exports between 2017 and 2019 was 300% compared to a variation of 33.333% in the period between 2018 and 2019.
Export markets for Kazakhstan olive oil ( in '000$ )
Kazakhstan's best performing destinations for olive oil are Kyrgyzstan, China, Russia, Uzbekistan and Tajikistan.
Kazakhstan procured 1,199 tonnes of olive oil in 2019.