What is the price of olive oil per kilogram/pound in Lebanon today?
The retail price range for Lebanon olive oil is between US$ 10.45 and US$ 15.21 per kilogram or between US$ 4.74 and US$ 6.90 per pound(lb). Click here to see today's exact prices of olive oil in Lebanon
The retail price range in Lebanese Pound for olive oil is between LBP 158,355.91 and LBP 230,401.36 per kilogram or between LBP 71,816.74 and LBP 104,490.41 per pound(lb) in Beirut and Sidon.
Wholesale prices
In 2024, the approximate wholesale price range for Lebanon olive oil is between US$ 7.32 and US$ 10.64 per kilogram or between US$ 3.32 and US$ 4.83 per pound(lb).
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Lebanon Olive Oil Export Prices - Historical, Trends and Prediction
The export price of Olive Oil from Lebanon over the last five years has been relatively stable. In 2017, the price per kilogram was 3.16 US dollars, followed by 3.43 US dollars in 2018. In 2019, the price dropped to 3.25 US dollars, before increasing to 3.30 US dollars in 2020. The most recent year, 2021, saw the highest price of 3.90 US dollars per kilogram. Based on this data, it is likely that the export price of Olive Oil from Lebanon will remain around 3.30 US dollars per kilogram in 2022 and 2023, before increasing to 3.45 US dollars per kilogram in 2024.The Lebanon 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)
Lebanon Olive Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Olive Oil into Lebanon over the last five years has been relatively stable. In 2017, the price was 3.16 US dollars per kg, followed by a slight increase to 3.43 US dollars per kg in 2018. In 2019, the price dropped to 3.25 US dollars per kg, before rising again to 3.30 US dollars per kg in 2020. The most recent data shows that the price of Olive Oil in 2021 was 3.90 US dollars per kg. Based on this trend, it is predicted that the price of Olive Oil in 2023 will be around 3.95 US dollars per kg, and in 2024 it will be around 4.00 US dollars per kg.Export values for Lebanon olive oil
The total values in export for olive oil in Lebanon were US$ 30,127, US$ 24,319, US$ 25,688 and US$ 22,551 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Lebanon: 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.
Lebanon olive oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Lebanon sold 6,935 tonnes of olive oil. For the year 2019 alone, the demand for Lebanon olive oil (processed category) has shrunk, changing by -7.36 percent compared to the year 2018. Between 2017 and 2019, olive oil's exports reduced by -9.97 percent netting the exporter US$22.55m for the year 2019. Lebanon's olive oil exports are categorised as:
- Olive oil and fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (excluding virgin and chemically modified) (HS code 150990)
- Other oils and their fractions, obtained solely from olives, whether or not refined, but not chemically modified, incl. blends of these oils or fractions with oils or fractions of heading 1509 (HS code 151000)
- Virgin olive oil and its fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (HS code 150910)
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Lebanon olive oil export values
In 2019, Lebanon exported olive oil with a value of 22.55m USD, a contraction of -12.22% from 2018's total olive oil export of 25.688m USD. The annual change in value of Lebanon olive oil between 2017 to 2018 was 5.629%.
The per year variation in the volume of Lebanon's olive oil exports between 2017 and 2019 was -9.97 per cent in comparison to a variation of -7.36% in the period between 2018 and 2019.
Lebanon's portion of the world's total olive oil's exports in 2019 was less than 1%. Lebanon holds number 82 in world exports of olive oil.
Export markets for Lebanon olive oil ( in '000$ )
Lebanon's top export markets for olive oil are Qatar, Ivory Coast (Côte d'Ivoire
), Sweden, DRC Congo and Australia.
Import/Export Trends
Lebanon is a net importer of olive oil. The annual growth of Lebanon olive oil in value between 2015 to 2019 was 2%, per annum, while annual growth in quantity through the same period was -16%, per annum.
Lebanon purchased 83 tonnes of olive oil in 2019.