What is the price of olive oil per kilogram/pound in Nepal today?
The retail price range for Nepal olive oil is between US$ 4.82 and US$ 8.68 per kilogram or between US$ 2.18 and US$ 3.93 per pound(lb). Click here to see today's exact prices of olive oil in Nepal
The retail price range in Nepalese Rupee for olive oil is between NPR 638.71 and NPR 1,150.70 per kilogram or between NPR 289.66 and NPR 521.86 per pound(lb) in Kathmandu and Pokhara.
Wholesale prices
In 2024, the approximate wholesale price range for Nepal olive oil is between US$ 3.37 and US$ 6.07 per kilogram or between US$ 1.53 and US$ 2.75 per pound(lb).
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Nepal Olive Oil Export Prices - Historical, Trends and Prediction
The export price of Olive Oil from Nepal has seen a significant decrease over the last five years. In 2012, the price per kilogram was 34.33 US dollars, but by 2016, it had dropped to 8.00 US dollars. This trend continued in 2017, when the price fell to 0.94 US dollars, and then to 1.00 US dollars in both 2018 and 2019. The most recent data shows that the price per kilogram in 2020 was 1.20 US dollars. Based on this data, it is likely that the export price of Olive Oil from Nepal will remain relatively stable in the coming years, with a predicted price of 1.20 US dollars in 2023 and 2024.The olive oil exports from Nepal 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)
Nepal Olive Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Olive Oil into Nepal has seen a significant decrease over the past five years. In 2012, the price was 34.33 US dollars per kg, but by 2016, it had dropped to 8.00 US dollars per kg. This trend continued in 2017, when the price fell to 0.94 US dollars per kg, and then to 1.00 US dollars per kg in both 2018 and 2019. The most recent data shows that the price has increased slightly to 1.20 US dollars per kg in 2020. Based on this data, it is likely that the import price per kilogram of Olive Oil into Nepal will remain relatively stable in the coming years. We can predict that the price will be around 1.20 US dollars per kg in 2023 and 2024.Export values for Nepal olive oil
The total values in export for olive oil in Nepal were US$ 8, US$ 15, US$ 2 and US$ 1 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Nepal: 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.
Nepal olive oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Nepal sold 1 tonnes of olive oil. In 2019 alone, the market for Nepal olive oil (processed category) has shrunk, flactuating by -50 pc compared to the year 2018. Between 2017 and 2019, olive oil's exports reduced by -93.75 percent bringing the exporter US$0.00m for the year 2019. Nepal's olive oil exports are classified as:
- Virgin olive oil and its fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (HS code 150910)
- Olive oil and fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (excluding virgin and chemically modified) (HS code 150990)
- Other oils and their fractions, obtained solely from olives, whether or not refined, but not chemically modified, incl. blends of these oils or fractions with oils or fractions of heading 1509 (HS code 151000)
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Nepal olive oil export values
In 2019, Nepal sold olive oil with a value of 0.00m USD, a contraction of -100.00% from 2018's total olive oil export of 0.002m USD. The annual change in value of Nepal olive oil between 2017 to 2018 was -86.667%.
The yearly variation in the quantity of Nepal's olive oil exports between 2017 and 2019 was -93.75% compared to a variation of -50% in the period between 2018 and 2019.
Export markets for Nepal olive oil ( in '000$ )
Nepal's best performing destinations for olive oil are Belgium, United Arab Emirates (UAE), India and China.
Nepal procured 269 tonnes of olive oil in 2019.