What is the price of olive oil per kilogram/pound in Kuwait today?
The retail price range for Kuwait olive oil is between US$ 13.87 and US$ 18.08 per kilogram or between US$ 6.29 and US$ 8.20 per pound(lb). Click here to see today's exact prices of olive oil in Kuwait
The retail price range in Kuwaiti Dinar for olive oil is between KWD 4.28 and KWD 5.57 per kilogram or between KWD 1.94 and KWD 2.53 per pound(lb) in Kuwait City and Al Jahra.
Wholesale prices
In 2024, the approximate wholesale price range for Kuwait olive oil is between US$ 9.71 and US$ 12.66 per kilogram or between US$ 4.40 and US$ 5.74 per pound(lb).
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Kuwait Olive Oil Export Prices - Historical, Trends and Prediction
The export price of Olive Oil from Kuwait over the last five years has been quite varied. In 2017, the price per kilogram was 6.65 US dollars, the highest of the five years. This was followed by a sharp decrease in 2018 to 5.23 US dollars. In 2019, the price dropped even further to 1.33 US dollars, the lowest of the five years. Prices then increased in 2020 to 3.64 US dollars and further increased in 2021 to 3.85 US dollars. Based on this data, it is likely that the export price of Olive Oil from Kuwait will continue to increase in the next two years, with a predicted price of 4.07 US dollars in 2023 and 4.29 US dollars in 2024.The olive oil exports from Kuwait are categorised 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)
Kuwait Olive Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Olive Oil into Kuwait over the last five years has been quite volatile. In 2017, the price was 6.65 US dollars per kg, followed by a sharp drop to 5.23 US dollars per kg in 2018. In 2019, the price dropped further to 1.33 US dollars per kg, before rising to 3.64 US dollars per kg in 2020. The price then increased slightly to 3.85 US dollars per kg in 2021. Based on this trend, it is likely that the import price per kilogram of Olive Oil into Kuwait will remain around the 3.85 US dollars per kg mark in 2023 and 2024.Export values for Kuwait olive oil
The total values in export for olive oil in Kuwait were US$ 1,024, US$ 1,124, US$ 1,181 and US$ 679 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Kuwait: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of olive oil in other countries across Middle East: Bahrain olive oil, Cyprus olive oil, Iraq olive oil, Israel olive oil, Jordan olive oil, Kuwait olive oil, Lebanon olive oil, Palestine olive oil, Oman olive oil & Qatar olive oil.
Kuwait olive oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Kuwait shipped 229 tonnes of olive oil. In 2019 alone, the interest in Kuwait olive oil (processed category) has gone up, changing by 1.327 pc compared to the year 2018. Between 2017 and 2019, olive oil's exports increased by 35.5% earning the exporter US$0.68m for the year 2019. Kuwait's olive oil exports are categorised as:
- Olive oil and fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (excluding virgin and chemically modified) (HS code 150990)
- Virgin olive oil and its fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (HS code 150910)
- Other oils and their fractions, obtained solely from olives, whether or not refined, but not chemically modified, incl. blends of these oils or fractions with oils or fractions of heading 1509 (HS code 151000)
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Kuwait olive oil export values
In 2019, Kuwait exported olive oil worth 0.68m USD, a drop of -42.42% from 2018's total olive oil export of 1.181m USD. The yearly reduction in value of Kuwait olive oil between 2017 to 2018 was 5.071 percent.
The annual/yearly variation in the amount of Kuwait's olive oil exports between 2017 and 2019 was 35.5 percent compared to a variation of 1.327% in the period between 2018 and 2019.
Export markets for Kuwait olive oil ( in '000$ )
Kuwait's top export markets for olive oil are Malaysia, Mongolia, Egypt, Benin and the Netherlands.
Kuwait brought in 6,621 tonnes of olive oil in 2019.