What is the price of olive oil per kilogram/pound in Oman today?
The retail price range for Oman olive oil is between US$ 3.41 and US$ 5.84 per kilogram or between US$ 1.55 and US$ 2.65 per pound(lb). Click here to see today's exact prices of olive oil in Oman
The retail price range in Rial Omani for olive oil is between OMR 1.31 and OMR 2.25 per kilogram or between OMR 0.60 and OMR 1.02 per pound(lb) in Muscat and Salalah.
Wholesale prices
In 2024, the approximate wholesale price range for Oman olive oil is between US$ 2.39 and US$ 4.09 per kilogram or between US$ 1.08 and US$ 1.86 per pound(lb).
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Oman Olive Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Olive Oil from Oman has seen a steady increase over the last five years. In 2017, the price was 2.82 US $ per kg, and in 2021 it was 0.97 US $ per kg. This represents a decrease of 65.4% over the five year period. The highest price was seen in 2016, when it was 6.33 US $ per kg. Looking ahead, we predict that the export price per kilogram of Olive Oil from Oman will be 1.20 US $ per kg in 2023 and 1.45 US $ per kg in 2024.The olive oil exports from Oman are categorised 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)
Oman Olive Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Olive Oil into Oman has seen a significant fluctuation over the past five years. In 2016, the price was at its highest at 6.33 US dollars per kg, before dropping to 2.82 US dollars per kg in 2017. The price then rose to 4.22 US dollars per kg in 2018, before dropping again to 2.55 US dollars per kg in 2019. The price then dropped further to 2.11 US dollars per kg in 2020, before stabilizing at 0.97 US dollars per kg in 2021. Based on this trend, it is predicted that the import price per kilogram of Olive Oil into Oman will remain at 0.97 US dollars per kg in 2023 and 2024.Export values for Oman olive oil
The total values in export for olive oil in Oman were US$ 880, US$ 414, US$ 591 and US$ 4,317 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Oman: 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.
Oman olive oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Oman sold 2,635 tonnes of olive oil. Through 2019 alone, the interest in Oman olive oil (processed category) has improved, recording a change of 1782.143 pc compared to the year 2018. Between 2017 and 2019, olive oil's exports increased by 1692.52 percent bringing the exporter US$4.32m for the year 2019. Oman's olive oil exports are categorised as:
- Olive oil and fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (excluding virgin and chemically modified) (HS code 150990)
- Other oils and their fractions, obtained solely from olives, whether or not refined, but not chemically modified, incl. blends of these oils or fractions with oils or fractions of heading 1509 (HS code 151000)
- Virgin olive oil and its fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (HS code 150910)
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Oman olive oil export values
In 2019, Oman supplied olive oil costing 4.32m USD, a growth of 630.96% from 2018's total olive oil export of 0.591m USD. The annual increase in value of Oman olive oil between 2017 to 2018 was 42.754 percent.
The annual/yearly change in the amount of Oman's olive oil exports between 2017 and 2019 was 1692.52 percent when compared to a variation of 1782.143% in the growth rate between 2018 and 2019.
Export markets for Oman olive oil ( in '000$ )
Oman's top destinations for olive oil are Somalia, Yemen, United Arab Emirates (UAE), Syria and Qatar.
Oman ordered 1,541 tonnes of olive oil in 2019.