What is the price of olive oil per kilogram/pound in Philippines today?
The retail price range for Philippines olive oil is between US$ 5.57 and US$ 10.43 per kilogram or between US$ 2.53 and US$ 4.73 per pound(lb). Click here to see today's exact prices of olive oil in Philippines
The retail price range in Philippine peso for olive oil is between PHP 310.08 and PHP 580.40 per kilogram or between PHP 140.63 and PHP 263.22 per pound(lb) in Manila and Quezon.
Wholesale prices
In 2024, the approximate wholesale price range for Philippines olive oil is between US$ 3.90 and US$ 7.30 per kilogram or between US$ 1.77 and US$ 3.31 per pound(lb).
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Philippines Olive Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Olive Oil from Philippines has seen a steady increase over the last five years. In 2010, the price was 9.00 US$ per kg, which increased to 11.00 US$ per kg in 2013. However, in 2014, the price dropped to 9.00 US$ per kg. In 2015, the price dropped further to 2.69 US$ per kg, and then increased to 3.22 US$ per kg in 2017 and 3.33 US$ per kg in 2018. Based on this trend, it is predicted that the export price per kilogram of Olive Oil from Philippines will be 4.45 US$ per kg in 2023 and 5.58 US$ per kg in 2024.The the Philippines 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)
Philippines Olive Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Olive Oil into Philippines has seen a steady decline over the past five years. In 2010, the price was 9.00 US dollars per kg, which dropped to 11.00 US dollars per kg in 2013. In 2014, the price dropped further to 9.00 US dollars per kg, and then to 2.69 US dollars per kg in 2015. The price then increased slightly to 3.22 US dollars per kg in 2017, and then to 3.33 US dollars per kg in 2018. Based on this data, it is likely that the import price per kilogram of Olive Oil into Philippines will continue to decline in the coming years. We can predict that the price in 2023 will be around 2.50 US dollars per kg, and in 2024 it will be around 2.00 US dollars per kg.Export values for Philippines olive oil
The total values in export for olive oil in the Philippines were US$ 43, US$ 29 and US$ 10 in US dollar thousand for the years 2015, 2017 and 2018 in that order.
Prices of other produce in the Processed category in Philippines: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
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Philippines olive oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 The Philippines exported small quantities of olive oil. For 2019 alone, the demand for the Philippines olive oil (processed category) has , flactuating by pc compared to the year 2018. Between 2017 and 2019, olive oil's exports went down by -100 percent earning the country US$0.00m for the year 2019. the Philippiness' olive oil exports are classified as:
- Virgin olive oil and its fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (HS code 150910)
- Olive oil and fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (excluding virgin and chemically modified) (HS code 150990)
- Other oils and their fractions, obtained solely from olives, whether or not refined, but not chemically modified, incl. blends of these oils or fractions with oils or fractions of heading 1509 (HS code 151000)
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Philippines olive oil export values
In 2019, the Philippines exported olive oil with a value of 0.00m USD, a reduction of -100.00% from 2018's total olive oil export of 0.01m USD. The yearly change in value of the Philippines olive oil between 2017 to 2018 was -65.517 percent.
The yearly change in the amount of the Philippiness' olive oil exports between 2017 and 2019 was -100 percent between 2018 and 2019.
the Philippiness' share of the world's total olive oil's exports in 2019 was less than 1%. The country is ranked position 50 in world exports of olive oil.
Export markets for Philippines olive oil ( in '000$ )
the Philippiness' leading destinations for olive oil are Hong Kong, US, Japan, Singapore and Malaysia.
Import/Export Trends
the Philippines is a net importer of olive oil. The annual growth of the Philippines olive oil in value between 2015 to 2019 was -71%, per year, while annual growth in quantity for the same period was -56%, per annum.
the Philippines bought 5,650 tonnes of olive oil in 2019.