What is the price of olive oil per kilogram/pound in US today?
The retail price range for US olive oil is between US$ 9.73 and US$ 13.62 per kilogram or between US$ 4.41 and US$ 6.17 per pound(lb). Click here to see today's exact prices of olive oil in US
The retail price range in Euro for olive oil is between EUR 8.92 and EUR 12.49 per kilogram or between EUR 4.05 and EUR 5.66 per pound(lb) in Washington and New York.
Wholesale prices
In 2024, the approximate wholesale price range for US olive oil is between US$ 6.81 and US$ 9.53 per kilogram or between US$ 3.09 and US$ 4.32 per pound(lb).
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US Olive Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Olive Oil from the US over the last five years has seen a general downward trend. In 2017, the export price was $2.46, followed by $2.84 in 2018, $2.99 in 2019, $2.31 in 2020, and $2.86 in 2021. The lowest price was seen in 2020, while the highest was in 2017. Based on this trend, it is predicted that the export price of Olive Oil from the US in 2023 will be around $2.54 and in 2024 will be around $2.22.The US 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)
US Olive Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Olive Oil into the US over the last five years has been quite volatile. In 2017, the price was at its highest at $2.46, before dropping to $2.84 in 2018. In 2019, the price rose slightly to $2.99, before dropping again to $2.31 in 2020. The price then rose to $2.86 in 2021, before dropping again to $2.69 in 2022. Overall, the import price per kilogram of Olive Oil into the US has seen a downward trend over the last five years. Based on this trend, it is predicted that the import price per kilogram of Olive Oil into the US will be $2.60 in 2023 and $2.45 in 2024.Export values for US olive oil
The total values in export for olive oil in US were US$ 40,655, US$ 44,396, US$ 40,079 and US$ 34,173 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in US: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of olive oil in other countries across North America: Canada olive oil, US olive oil, Anguilla olive oil, Antigua and Barbuda olive oil, Bermuda olive oil, Bonaire, Sint Eustatius and Saba olive oil, St.Pierre and Miquelon olive oil, United States Minor Outlying Islands olive oil, Cayman Islands olive oil & Greenland olive oil.
US olive oil - Production, Exports, Imports, Seasons and HS Codes
The quantity of olive oil shipped by US in 2020 was 16,903 metric tons. In 2019 US shipped 11,003 tonnes of olive oil. For 2019 alone, the interest in US olive oil (processed category) has reduced, recording a change of -19.084 % compared to the year 2018. Between 2017 and 2019, olive oil's exports decreased by -37.41% netting the exporter US$34.17m for the year 2019. US' olive oil exports are classified as:
- Virgin olive oil and its fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (HS code 150910)
- Olive oil and fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (excluding virgin and chemically modified) (HS code 150990)
- Other oils and their fractions, obtained solely from olives, whether or not refined, but not chemically modified, incl. blends of these oils or fractions with oils or fractions of heading 1509 (HS code 151000)
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US olive oil export values
In 2019, US exported olive oil valued at 34.17m USD, a decrease of -14.74% from 2018's total olive oil export of 40.079m USD. The yearly reduction in value of US olive oil between 2017 to 2018 was -9.724%.
The yearly change in the quantity of US' olive oil exports between 2017 and 2019 was -37.41 pc compared to a variation of -19.084% in the period between 2018 and 2019.
US' share of the world's total olive oil's exports in 2019 was 4.3%. The country holds position 4 in world exports of olive oil.
Export markets for US olive oil ( in '000$ )
US' best performing export markets for olive oil are Canada, China, South Korea, Haiti and Turkey.
Import/Export Trends
US is a net importer of olive oil. The annual growth of US olive oil in value between 2015 to 2019 was -8%, per annum, while annual growth in quantity during the same period was -15%, per annum.
US ordered 346,874 tonnes of olive oil in 2019.