What is the price of olive oil per kilogram/pound in Syria today?
The retail price range for Syria olive oil is between US$ 8.62 and US$ 24.05 per kilogram or between US$ 3.91 and US$ 10.91 per pound(lb). Click here to see today's exact prices of olive oil in Syria
The retail price range in Syrian pound for olive oil is between SYP 22,102.22 and SYP 61,671.92 per kilogram or between SYP 10,023.68 and SYP 27,969.13 per pound(lb) in Damascus and Aleppo.
Wholesale prices
In 2024, the approximate wholesale price range for Syria olive oil is between US$ 6.03 and US$ 16.84 per kilogram or between US$ 2.74 and US$ 7.64 per pound(lb).
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Syria Olive Oil Export Prices - Historical, Trends and Prediction
The export price of Olive Oil from Syria has seen a steady increase over the past five years. In 2018, the export price per kilogram was $2.45, which increased to $2.60 in 2019. In 2020, the price rose to $2.75, and in 2021 it further increased to $2.90. The most recent data shows that the export price per kilogram of Olive Oil from Syria in 2022 was $3.05. This represents a 24.5% increase in the export price over the past five years. Based on this trend, it is likely that the export price per kilogram of Olive Oil from Syria will continue to increase in the next two years, reaching approximately $3.20 in 2023 and $3.35 in 2024.The olive oil exports from Syria 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)
- 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)
Syria Olive Oil Import Prices - Historical, Trends and Prediction
The import price of Olive Oil into Syria has seen a steady increase over the past five years. In 2018, the import price per kilogram was $2.45, which increased to $2.60 in 2019. In 2020, the price rose to $2.90, and in 2021 it further increased to $3.20. The most recent data shows that the import price per kilogram of Olive Oil into Syria in 2022 was $3.50. Overall, the import price of Olive Oil into Syria has seen a steady increase of $0.55 over the past five years. This trend is likely to continue in the coming years, and it is predicted that the import price per kilogram of Olive Oil into Syria in 2023 will be around $3.80, and in 2024 it will be around $4.10.Export values for Syria olive oil
The total values in export for olive oil in Syria were US$ 89,932, US$ 98,014, US$ 134,072 and US$ 111,169 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Syria: 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.
Syria olive oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Syria exported 50,981 tonnes of olive oil. For 2019 alone, the interest in Syria olive oil (processed category) has increased, recording a change of 22.553 percent compared to the year 2018. Between 2017 and 2019, olive oil's exports went up by 66.97% bringing Syria US$111.17m for the year 2019. Syria's olive oil exports are categorised as:
- Olive oil and fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (excluding virgin and chemically modified) (HS code 150990)
- Virgin olive oil and its fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (HS code 150910)
- Other oils and their fractions, obtained solely from olives, whether or not refined, but not chemically modified, incl. blends of these oils or fractions with oils or fractions of heading 1509 (HS code 151000)
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Syria olive oil export values
In 2019, Syria supplied olive oil with a value of 111.17m USD, a contraction of -17.08% from 2018's total olive oil export of 134.072m USD. The annual reduction in value of Syria olive oil between 2017 to 2018 was 36.789 pc.
The per year change in the quantity of Syria's olive oil exports between 2017 and 2019 was 66.97 per cent when compared to a variation of 22.553% in the growth rate between 2018 and 2019.
Export markets for Syria olive oil ( in '000$ )
Syria's leading destinations for olive oil are Spain, Egypt, Italy, United Arab Emirates (UAE) and Australia.
Syria procured 572 tonnes of olive oil in 2019.