What is the price of olive oil per kilogram/pound in South Africa today?
The retail price range for South Africa olive oil is between US$ 5.88 and US$ 6.86 per kilogram or between US$ 2.67 and US$ 3.11 per pound(lb). Click here to see today's exact prices of olive oil in South Africa
The retail price range in Rand for olive oil is between ZAR 114.17 and ZAR 133.20 per kilogram or between ZAR 51.78 and ZAR 60.41 per pound(lb) in Johannesburg and Cape Town.
Wholesale prices
In 2024, the approximate wholesale price range for South Africa olive oil is between US$ 4.11 and US$ 4.80 per kilogram or between US$ 1.87 and US$ 2.18 per pound(lb).
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South Africa Olive Oil Export Prices - Historical, Trends and Prediction
In 2016, the export price of Olive Oil from South Africa was US$ 3.87 per Kg. In 2017, the export price was US$ 3.67 per Kg. In 2018, the export price was US$ 3.38 per Kg. In 2019, the export price was US$ 2.85per Kg. In 2020, the export price was US$ 3.36 per Kg. For 2021, the export price is estimated to be US$ 3.46 per Kg. For 2022 and 2023, the export price is predicted to be US$ 3.55 per Kg.
The South Africa olive oil exports 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)
- 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)
South Africa Olive Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Olive Oil into South Africa over the last five years has been relatively stable. In 2017, the price was 3.43 US dollars per kg, followed by 3.41 US dollars per kg in 2018. In 2019, the price dropped to 2.92 US dollars per kg, before increasing to 2.95 US dollars per kg in 2020. The price then decreased to 2.32 US dollars per kg in 2021, before rising to 3.37 US dollars per kg in 2022. Based on this trend, it is predicted that the import price per kilogram of Olive Oil into South Africa in 2023 will be 3.37 US dollars per kg, and in 2024 will be 3.41 US dollars per kg.Export values for South Africa olive oil
The total values in export for olive oil in South Africa were US$ 3,940, US$ 4,844, US$ 4,543 and US$ 3,907 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in South Africa: 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.
South Africa olive oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 South Africa sold 574,696 tonnes of olive oil. For 2019 alone, the market for South Africa olive oil (processed category) has reduced, flactuating by -64.286 % compared to the year 2018. Between 2017 and 2019, olive oil's exports reduced by -67.73% earning the country US$3.91m for the year 2019. South Africa's olive oil exports are classified as:
- Virgin olive oil and its fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (HS code 150910)
- Olive oil and fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (excluding virgin and chemically modified) (HS code 150990)
- Other oils and their fractions, obtained solely from olives, whether or not refined, but not chemically modified, incl. blends of these oils or fractions with oils or fractions of heading 1509 (HS code 151000)
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South Africa olive oil export values
In 2019, South Africa shipped olive oil valued at 3.91m USD, a contraction of -13.93% from 2018's total olive oil export of 4.543m USD. The annual change in value of South Africa olive oil between 2017 to 2018 was -6.214 per cent.
The yearly change in the volume of South Africa's olive oil exports between 2017 and 2019 was -67.73% compared to a variation of -64.286% in the period between 2018 and 2019.
South Africa's stake of the world's total olive oil's exports in 2019 was less than 1%. The country holds position 64 in world exports of olive oil.
Export markets for South Africa olive oil ( in '000$ )
South Africa's leading export markets for olive oil are Yemen, United Kingdom (UK), Uganda, Madagascar and France.
Import/Export Trends
South Africa is a net importer of olive oil. The annual growth of South Africa olive oil in value between 2015 to 2019 was 18%, per year, while annual growth in quantity during the same period was 36%, per annum.
South Africa bought 8,074 tonnes of olive oil in 2019.