What is the price of olive oil per kilogram/pound in Latvia today?
The retail price range for Latvia olive oil is between US$ 9.60 and US$ 13.45 per kilogram or between US$ 4.36 and US$ 6.10 per pound(lb). Click here to see today's exact prices of olive oil in Latvia
The retail price range in Euro for olive oil is between EUR 8.87 and EUR 12.43 per kilogram or between EUR 4.02 and EUR 5.64 per pound(lb) in Riga and Daugavpils.
Wholesale prices
In 2024, the approximate wholesale price range for Latvia olive oil is between US$ 6.72 and US$ 9.41 per kilogram or between US$ 3.05 and US$ 4.27 per pound(lb).
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Latvia olive oil - Production, Exports, Imports, Seasons and HS Codes
The volume of olive oil exported by Latvia in 2020 was 932 metric tons. In 2019 Latvia sold 442 tonnes of olive oil. In 2019 alone, the demand for Latvia olive oil (processed category) has gone up, with a change of 22.099 % compared to the year 2018. Between 2017 and 2019, olive oil's exports grew by 12.47 pc earning the exporter US$1.73m for the year 2019. Latvia's olive oil exports are categorised as:
- Olive oil and fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (excluding virgin and chemically modified) (HS code 150990)
- Other oils and their fractions, obtained solely from olives, whether or not refined, but not chemically modified, incl. blends of these oils or fractions with oils or fractions of heading 1509 (HS code 151000)
- Virgin olive oil and its fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (HS code 150910)
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Latvia olive oil export values
In 2019, Latvia supplied olive oil costing 1.73m USD, an increment of 8.26% from 2018's total olive oil export of 1.598m USD. The annual change in value of Latvia olive oil between 2017 to 2018 was 1.783%.
The annual/yearly variation in the volume of Latvia's olive oil exports between 2017 and 2019 was 12.47 per cent in comparison to a variation of 22.099% in the period between 2018 and 2019.
Latvia's portion of the world's total olive oil's exports in 2019 was less than 1%. The country holds number 75 in world exports of olive oil.
Export markets for Latvia olive oil ( in '000$ )
Latvia's best performing export markets for olive oil are Lithuania, Russia, Estonia, Ukraine and Poland.
Import/Export Trends
Latvia is a net importer of olive oil. The annual growth of Latvia olive oil in value between 2015 to 2019 was -24%, per year, while annual growth in quantity for the same period was -18%, per annum.
Latvia brought in 2,116 tonnes of olive oil in 2019.