Get the latest insights on price movement and trend analysis of Olive Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

The price of refined olive oil in the United States for Q4 2023 reached 8040 USD/MT in December. Similarly, the price trend in China concluded at 8259 USD/MT in December 2023. Moreover, Germany’s refined olive oil price was 9475 USD/MT during the same period.

European Union - Harmonised index of consumer prices (HICP): Olive oil was 184.77 points in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for European Union - Harmonised index of consumer prices (HICP): Olive oil - last updated from the EUROSTAT on February of 2025. Historically, European Union - Harmonised index of consumer prices (HICP): Olive oil reached a record high of 205.33 points in April of 2024 and a record low of 90.98 points in December of 2020.

European Olive Oil Price Index by Country, 2022 Discover more data with ReportLinker!

Euro Area - Harmonised index of consumer prices (HICP): Olive oil was 169.75 points in February of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Euro Area - Harmonised index of consumer prices (HICP): Olive oil - last updated from the EUROSTAT on March of 2025. Historically, Euro Area - Harmonised index of consumer prices (HICP): Olive oil reached a record high of 206.70 points in April of 2024 and a record low of 90.33 points in December of 2020.

Spain - Harmonised index of consumer prices (HICP): Olive oil was 172.50 points in February of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Spain - Harmonised index of consumer prices (HICP): Olive oil - last updated from the EUROSTAT on March of 2025. Historically, Spain - Harmonised index of consumer prices (HICP): Olive oil reached a record high of 266.70 points in April of 2024 and a record low of 87.07 points in September of 2020.

This statistic shows the consumer price index (CPI) of olive oil in Denmark monthly from June 2020 to July 2022. In July 2022, the CPI of olive oil in Denmark was measured at 119, where the year 2015 equals 100.

In March 2022, the price of olive oil in Tunisia increased by 1.5 percent compared to the previous month, and by 20.6 percent compared to March 2021. Olive oil prices in the country increased significantly over the period observed. Specifically, the highest annual increase was recorded in November 2021 at 24.4 percent. The average export price of olive oil in Tunisia in 2021 stood at 8.09 Tunisian dinars per liter.

The Greek virgin olive oil market skyrocketed to $788M in 2024, growing by 55% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $1B in 2017; however, from 2018 to 2024, consumption remained at a lower figure.

Malta - Harmonised index of consumer prices (HICP): Olive oil was 208.39 points in February of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Malta - Harmonised index of consumer prices (HICP): Olive oil - last updated from the EUROSTAT on March of 2025. Historically, Malta - Harmonised index of consumer prices (HICP): Olive oil reached a record high of 214.05 points in September of 2024 and a record low of 102.01 points in March of 2016.

The Asian virgin olive oil market surged to $2.5B in 2024, increasing by 20% against the previous year. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $2.7B. From 2023 to 2024, the growth of the market remained at a lower figure.

Greece - Harmonised index of consumer prices (HICP): Olive oil was 188.42 points in February of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Greece - Harmonised index of consumer prices (HICP): Olive oil - last updated from the EUROSTAT on March of 2025. Historically, Greece - Harmonised index of consumer prices (HICP): Olive oil reached a record high of 227.77 points in July of 2024 and a record low of 92.06 points in December of 2014.

Spain Consumer Price Index (CPI): Food: Olive Oil data was reported at 278.080 1976=100 in Jul 1985. This records an increase from the previous number of 277.660 1976=100 for Jun 1985. Spain Consumer Price Index (CPI): Food: Olive Oil data is updated monthly, averaging 163.200 1976=100 from Jan 1976 (Median) to Jul 1985, with 115 observations. The data reached an all-time high of 278.080 1976=100 in Jul 1985 and a record low of 98.810 1976=100 in Sep 1976. Spain Consumer Price Index (CPI): Food: Olive Oil data remains active status in CEIC and is reported by National Statistics Institute. The data is categorized under Global Database’s Spain – Table ES.I014: Consumer Price Index: 1976=100.

In 2024, the Russian olive oil market was finally on the rise to reach $55M for the first time since 2021, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a relatively flat trend pattern. Olive oil consumption peaked at $81M in 2014; however, from 2015 to 2024, consumption failed to regain momentum.

Saudi Arabia Prices of Goods and Services: Avg: OF: Olive Oil: Imported: Al Wazir data was reported at 24.950 SAR/500 ml in Jan 2025. This records a decrease from the previous number of 25.310 SAR/500 ml for Dec 2024. Saudi Arabia Prices of Goods and Services: Avg: OF: Olive Oil: Imported: Al Wazir data is updated monthly, averaging 15.560 SAR/500 ml from Jan 2009 (Median) to Jan 2025, with 193 observations. The data reached an all-time high of 25.310 SAR/500 ml in Dec 2024 and a record low of 13.910 SAR/500 ml in Mar 2013. Saudi Arabia Prices of Goods and Services: Avg: OF: Olive Oil: Imported: Al Wazir data remains active status in CEIC and is reported by General Authority for Statistics. The data is categorized under Global Database’s Saudi Arabia – Table SA.P001: Average Prices of Goods and Services. [COVID-19-IMPACT]

Out of the 2.82 million metric tons produced worldwide in 2022/2023, Spain contributed to 1.49 million metric tons. Europe generates most of the world’s olive oil, and Spain plays a very important role in its production.

Same country, different taste for olive oil

Although an essential ingredient in the Spanish cuisine, olive oil consumption can vary greatly across the Mediterranean country’s regions depending on the preferred oil type. In that regard, Galicia led the list of consumers of regular olive oil with around 7.37 liters per capita, whereas La Rioja featured the highest intake of extra virgin olive oil at 4.59 liters in 2021. Although Spaniards often use their olive oil for many of their dishes, olive oil consumption experienced a downward trend during the last few years, with the average person intaking 7.26 kilograms of the golden liquid in 2022 from 9.7 kilograms in 2010.

The profile of a Spanish olive oil consumer

In terms of expenditure, Spaniards spent on average 3.91 euros on their olive oil – although the price can vary greatly depending on the distribution channel, with e-commerce shops featuring the cheapest olive oil price per liter in 2022. Nationwide, the average Spaniard shopped for olive oil at supermarkets, with over 50 percent of olive consumer in this country choosing this distribution channel over other stores.

Portugal - Production of olives for oil was 1293.70 thousand t in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Portugal - Production of olives for oil - last updated from the EUROSTAT on March of 2025. Historically, Portugal - Production of olives for oil reached a record high of 1350.24 thousand t in December of 2021 and a record low of 417.95 thousand t in December of 2012.

The Italian virgin olive oil market skyrocketed to $3.3B in 2024, surging by 30% against the previous year. Overall, the total consumption indicated a pronounced expansion from 2012 to 2024: its value increased at an average annual rate of +3.3% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +81.9% against 2020 indices.

Greece Agricultural Output Price Index: Average: CP: Olive Oil data was reported at 68.692 2005=100 in 2012. This records a decrease from the previous number of 71.600 2005=100 for 2011. Greece Agricultural Output Price Index: Average: CP: Olive Oil data is updated yearly, averaging 72.484 2005=100 from Dec 2000 (Median) to 2012, with 13 observations. The data reached an all-time high of 112.468 2005=100 in 2006 and a record low of 61.930 2005=100 in 2001. Greece Agricultural Output Price Index: Average: CP: Olive Oil data remains active status in CEIC and is reported by Hellenic Statistical Authority. The data is categorized under Global Database’s Greece – Table GR.I018: Agricultural Output and Input Price Index: 2005=100.

21181 Global import shipment records of Olive Oil with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.