What is the price of olive oil per kilogram/pound in New Zealand today?
The retail price range for New Zealand olive oil is between US$ 17.59 and US$ 40.45 per kilogram or between US$ 7.98 and US$ 18.35 per pound(lb). Click here to see today's exact prices of olive oil in New Zealand
The retail price range in New Zealand Dollar for olive oil is between NZD 27.98 and NZD 64.36 per kilogram or between NZD 12.69 and NZD 29.19 per pound(lb) in Wellington and Auckland.
Wholesale prices
In 2024, the approximate wholesale price range for New Zealand olive oil is between US$ 12.31 and US$ 28.32 per kilogram or between US$ 5.58 and US$ 12.84 per pound(lb).
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New Zealand Olive Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Olive Oil from New Zealand over the last five years has been quite volatile. In 2017, the price was 5.83 US $ per kg, followed by a sharp increase to 7.09 US $ per kg in 2018. The price then remained relatively stable at 7.12 US $ per kg in 2019 and 7.73 US $ per kg in 2020. 2021 saw a significant jump to 9.76 US $ per kg, before dropping slightly to 9.67 US $ per kg in 2022. Based on this data, it is likely that the export price per kilogram of Olive Oil from New Zealand will remain around the 9.67 US $ per kg mark in 2023 and 2024.The exports of olive oil from New Zealand are classified 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)
New Zealand Olive Oil Import Prices - Historical, Trends and Prediction
The import price of Olive Oil into New Zealand over the last five years has been quite volatile. In 2012, the price per kilogram was 7.96 US dollars. This increased to 8.93 US dollars in 2013, before jumping to 13.68 US dollars in 2014. However, the price then dropped significantly to 4.32 US dollars in 2015, before rising slightly to 4.46 US dollars in 2016. The price then increased to 5.83 US dollars in 2017, before rising further to 7.09 US dollars in 2018 and 7.12 US dollars in 2019. The price then increased again to 7.73 US dollars in 2020, before rising to 9.76 US dollars in 2021 and 9.67 US dollars in 2022. Based on this data, it is likely that the import price of Olive Oil into New Zealand will continue to increase in the next two years, with an estimated price of 10.29 US dollars in 2023 and 10.90 US dollars in 2024.Export values for New Zealand olive oil
The total values in export for olive oil in New Zealand were US$ 602, US$ 367, US$ 319 and US$ 299 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in New Zealand: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of olive oil in other countries across Oceania: Fiji olive oil, French Polynesia olive oil, Guam olive oil, Micronesia olive oil, New Caledonia olive oil, Papua New Guinea olive oil, Samoa olive oil, Solomon Islands olive oil, Tonga olive oil & Vanuatu olive oil.
New Zealand olive oil - Production, Exports, Imports, Seasons and HS Codes
The quantity of olive oil shipped by New Zealand in 2020 was 41 tonnes. In 2019 New Zealand shipped 42 tonnes of olive oil. For 2019 alone, the market for New Zealand olive oil (processed category) has gone down, with a change of -6.667 pc compared to the year 2018. Between 2017 and 2019, olive oil's exports decreased by -33.33 pc netting the exporter US$0.30m for the year 2019. New Zealand's olive oil exports are classified as:
- Virgin olive oil and its fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (HS code 150910)
- Olive oil and fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (excluding virgin and chemically modified) (HS code 150990)
- Other oils and their fractions, obtained solely from olives, whether or not refined, but not chemically modified, incl. blends of these oils or fractions with oils or fractions of heading 1509 (HS code 151000)
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New Zealand olive oil export values
In 2019, New Zealand exported olive oil costing 0.30m USD, a decrease of -5.96% from 2018's total olive oil export of 0.319m USD. The annual change in value of New Zealand olive oil between 2017 to 2018 was -13.079%.
The annual/yearly variation in the amount of New Zealand's olive oil exports between 2017 and 2019 was -33.33 pc when compared to a variation of -6.667% in the growth rate between 2018 and 2019.
New Zealand's portion of the world's total olive oil's exports in 2019 was less than 1%. New Zealand is ranked number 63 in world exports of olive oil.
Export markets for New Zealand olive oil ( in '000$ )
New Zealand's top export markets for olive oil are Vanuatu, French Polynesia, Samoa, Solomon Islands and Tonga.
Import/Export Trends
New Zealand is a net importer of olive oil. The annual growth of New Zealand olive oil in value between 2015 to 2019 was 30%, per annum, while annual growth in quantity during the same period was 7%, per annum.
New Zealand purchased 8,630 tonnes of olive oil in 2019.