What is the price of olive oil per kilogram/pound in Morocco today?
The retail price range for Morocco olive oil is between US$ 6.92 and US$ 12.86 per kilogram or between US$ 3.14 and US$ 5.83 per pound(lb). Click here to see today's exact prices of olive oil in Morocco
The retail price range in Moroccan Dirham for olive oil is between MAD 71.36 and MAD 132.53 per kilogram or between MAD 32.36 and MAD 60.11 per pound(lb) in Rabat and Casablanca.
Wholesale prices
In 2024, the approximate wholesale price range for Morocco olive oil is between US$ 4.85 and US$ 9.00 per kilogram or between US$ 2.20 and US$ 4.08 per pound(lb).
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Morocco Olive Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Olive Oil from Morocco over the last five years has been relatively stable. In 2017, the price was 2.53 US $ per kg, followed by a slight decrease to 2.24 US $ per kg in 2018. In 2019, the price dropped to 1.99 US $ per kg, before increasing to 2.19 US $ per kg in 2020 and 2021. Based on this trend, it is likely that the export price per kilogram of Olive Oil from Morocco will remain around 2.19 US $ per kg in 2023 and 2024.The Morocco olive oil exports are classified 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)
- 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)
Morocco Olive Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Olive Oil into Morocco over the last five years has been relatively stable. In 2017, the price was 2.53 US dollars per kg, followed by 2.24 US dollars per kg in 2018. In 2019, the price dropped to 1.99 US dollars per kg, before increasing to 2.19 US dollars per kg in 2020 and 2021. Overall, the import price per kilogram of Olive Oil into Morocco has seen a slight decrease over the last five years. Based on this trend, it is predicted that the import price per kilogram of Olive Oil into Morocco in 2023 and 2024 will be around 2.14 US dollars and 2.09 US dollars respectively.Export values for Morocco olive oil
The total values in export for olive oil in Morocco were US$ 65,394, US$ 56,075, US$ 77,967 and US$ 79,846 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Morocco: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of olive oil in other countries across Africa: Algeria olive oil, Angola olive oil, Botswana olive oil, Burundi olive oil, Cameroon olive oil, Cape Verde olive oil, Central African Republic olive oil, Comoros olive oil, DRC Congo olive oil & Benin olive oil.
Morocco olive oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Morocco shipped 40,030 tonnes of olive oil. For the year 2019 alone, the interest in Morocco olive oil (processed category) has surged, recording a change of 14.814 percent compared to the year 2018. Between 2017 and 2019, olive oil's exports went up by 80.78 pc netting Morocco US$79.85m for the year 2019. Morocco's olive oil exports are classified as:
- Virgin olive oil and its fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (HS code 150910)
- Other oils and their fractions, obtained solely from olives, whether or not refined, but not chemically modified, incl. blends of these oils or fractions with oils or fractions of heading 1509 (HS code 151000)
- Olive oil and fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (excluding virgin and chemically modified) (HS code 150990)
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Morocco olive oil export values
In 2019, Morocco supplied olive oil worth 79.85m USD, an increment of 2.42% from 2018's total olive oil export of 77.967m USD. The yearly growth in value of Morocco olive oil between 2017 to 2018 was 39.041 percent.
The annual/yearly change in the amount of Morocco's olive oil exports between 2017 and 2019 was 80.78 percent in comparison to a variation of 14.814% in the period between 2018 and 2019.
Morocco's stake of the world's total olive oil's exports in 2019 was less than 1%. The country holds number 53 in world exports of olive oil.
Export markets for Morocco olive oil ( in '000$ )
Morocco's top destinations for olive oil are Spain, US, Italy, Portugal and Turkey.
Morocco imported 5,185 tonnes of olive oil in 2019.