What is the price of olive oil per kilogram/pound in United Arab Emirates (UAE) today?
The retail price range for United Arab Emirates (UAE) olive oil is between US$ 7.86 and US$ 16.72 per kilogram or between US$ 3.57 and US$ 7.58 per pound(lb). Click here to see today's exact prices of olive oil in United Arab Emirates (UAE)
The retail price range in United Arab Emirates dirham for olive oil is between AED 28.87 and AED 61.39 per kilogram or between AED 13.09 and AED 27.84 per pound(lb) in Abu Dhabi and Dubai.
Wholesale prices
In 2024, the approximate wholesale price range for United Arab Emirates (UAE) olive oil is between US$ 5.50 and US$ 11.70 per kilogram or between US$ 2.50 and US$ 5.31 per pound(lb).
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United Arab Emirates (UAE) Olive Oil Export Prices - Historical, Trends and Prediction
The export price of Olive Oil from the United Arab Emirates (UAE) over the last five years has been quite varied. In 2016, the price per kilogram was 1.92 US dollars, followed by a slight increase to 2.15 US dollars in 2017. In 2018, the price rose to 3.06 US dollars, before dropping to 2.81 US dollars in 2019. The price then decreased further to 2.77 US dollars in 2020, before rising again to 4.03 US dollars in 2021. Based on this data, it is predicted that the export price of Olive Oil from the UAE will be 4.25 US dollars per kilogram in 2023 and 4.48 US dollars per kilogram in 2024.The exports of olive oil from United Arab Emirates (UAE) 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)
United Arab Emirates (UAE) Olive Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Olive Oil into the United Arab Emirates (UAE) has been quite volatile over the past five years. In 2016, the price was at its lowest point of $1.92, before increasing to $3.06 in 2018. However, the price has since decreased to $2.77 in 2020. The most recent data shows that the price has increased to $4.03 in 2021. Based on this trend, it is likely that the import price per kilogram of Olive Oil into the UAE will continue to increase in the coming years, with an estimated price of $4.25 in 2023 and $4.48 in 2024.Export values for United Arab Emirates (UAE) olive oil
The total values in export for olive oil in United Arab Emirates (UAE) were US$ 6,882, US$ 5,941, US$ 13,270 and US$ 13,170 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in United Arab Emirates (UAE): 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.
United Arab Emirates (UAE) olive oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 United Arab Emirates (UAE) sold 4,682 tonnes of olive oil. Across 2019 alone, the market for United Arab Emirates (UAE) olive oil (processed category) has escalated, recording a change of 8.054 per cent compared to the year 2018. Between 2017 and 2019, olive oil's exports went up by 69.51 percent netting United Arab Emirates (UAE) US$13.17m for the year 2019. United Arab Emirates (UAE)'s olive oil exports are categorised as:
- Virgin olive oil and its fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (HS code 150910)
- Olive oil and fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (excluding virgin and chemically modified) (HS code 150990)
- Other oils and their fractions, obtained solely from olives, whether or not refined, but not chemically modified, incl. blends of these oils or fractions with oils or fractions of heading 1509 (HS code 151000)
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United Arab Emirates (UAE) olive oil export values
In 2019, United Arab Emirates (UAE) exported olive oil costing 13.17m USD, a decrease of -0.75% from 2018's total olive oil export of 13.27m USD. The yearly reduction in value of United Arab Emirates (UAE) olive oil between 2017 to 2018 was 123.363%.
The annual/yearly change in the amount of United Arab Emirates (UAE)'s olive oil exports between 2017 and 2019 was 69.51% compared to a variation of 8.054% in the period between 2018 and 2019.
United Arab Emirates (UAE)'s portion of the world's total olive oil's exports in 2019 was less than 1%. The country holds number 47 in world exports of olive oil.
Export markets for United Arab Emirates (UAE) olive oil ( in '000$ )
United Arab Emirates (UAE)'s top destinations for olive oil are Saudi Arabia, Jordan, Iran, Somalia and Sweden.
Import/Export Trends
United Arab Emirates (UAE) is a net importer of olive oil. The annual growth of United Arab Emirates (UAE) olive oil in value between 2015 to 2019 was 19%, per year, while annual growth in quantity through the same period was 33%, per annum.
United Arab Emirates (UAE) bought 22,711 tonnes of olive oil in 2019.