View monthly updates and historical trends for Olive Oil Price. Source: International Monetary Fund. Track economic data with YCharts analytics.

In January 2023, the refined olive oil price amounted to $4,361 per ton (FOB, Turkey), rising by 3% against the previous month.

In November 2022, the virgin olive oil price amounted to $6,013 per ton (CIF, Mexico), jumping by 15% against the previous month.

As of 2020, the average price of olive oil in Morocco reached approximately 20.8 thousand Moroccan dirhams (MAD) per metric ton, equivalent to 2.3 thousand U.S. dollars. In the preceding year, the price stood at around 19.2 thousand MAD, roughly 2.1 thousand U.S. dollars. Overall, the producer price of olives in Morocco amounted to around 468 U.S. dollars per metric ton in 2019.

The price of Refined Olive Oil in March 2023 was $5,277 per ton (CIF, United Kingdom), reflecting a 10% increase compared to the previous month.

Out of the **** million metric tons produced worldwide in 2022/2023, Spain contributed to **** 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 **** liters per capita, whereas La Rioja featured the highest intake of extra virgin olive oil at **** 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 **** kilograms of the golden liquid in 2022 from *** kilograms in 2010. The profile of a Spanish olive oil consumer In terms of expenditure, Spaniards spent on average **** 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 ** percent of olive consumer in this country choosing this distribution channel over other stores.

In March 2023, the refined olive oil price stood at $5,034 per ton (CIF, US), surging by 3% against the previous month.

In May 2023, the price for Refined Olive Oil was $6,539 per ton (FOB, Italy), experiencing a decrease of -5.6% compared to the previous month.

Galicia led the list of consumers of regular olive oil with over 7.37 liters per capita, whereas La Rioja featured the highest intake of extra virgin olive oil at 4.59 liters in 2021. Although an indispensable ingredient in the Spanish cuisine, olive oil consumption can vary greatly across the Mediterranean country’s regions depending on the preferred oil type. Olive oil consumption experienced a downward trend during the last years, with the average person intaking 7.72 kilograms of the golden liquid in 2021 from 9.7 kilograms in 2010.

Spain: paradise for olive oil lovers and the olive oil business

Aceites del Sur-Coosur S.A, ACESUR, was the company that most produced bottled olive oil in 2018. Of the 3.26 million metric tons produced worldwide in 2018, Spain contributed to 1.25 million metric tons, which accounts for over 38 percent of the total global production of olive oil. The exports of olive oil registered a record high in 2017, reaching values of over 3.9 billion euros.

Supermarkets the preferred place to buy olive oil

In terms of expenditure, Spaniards spent on average three euros on their olive oil – although the price can vary greatly depending on the distribution channel, with hypermarkets featuring the cheapest olive oil price per liter in 2018. Nationwide, the average Spaniard shopped for olive oil at supermarkets in 2018, with nearly 50 percent of olive consumer in this country choosing this distribution channel over other stores.

The average olive oil import price stood at $5,823 per ton in May 2025, standing approximately at the previous month.

Olive trees have been grown and harvested around the Mediterranean Basin since time immemorial, turning the fruit of this tree into the golden liquid that constitutes even nowadays an important asset in the European economy. Spain, as one of the world’s largest olive oil producers, has made the industry one of its main agricultural engines of growth. Aceites del Sur-Coosur (ACESUR), based in the southern province of Seville, ranked as the leading company in the industry with approximately ** million liters of domestic bottled oil in 2021.

Spain: paradise for olive oil lovers and the olive oil business

The world is expected to produce up to *** million metric tons of olive oil during the 2022/2023 season, slightly lower than the results of the previous year. Europe generates most of the world’s olive oil, and Spain plays an important role in its production. Out of the world production volume, Spain contributed **** million metric tons of this precious oil in 2022. The exports of olive oil registered a record high in 2017, reaching a value of over *** billion euros.

The profile of the Spanish olive oil consumer

Nationwide, the average Spaniard shops for olive oil at supermarkets, with roughly ** percent of olive consumers in this country choosing this distribution channel over other type of stores. In terms of expenditure, Spaniards spent on average **** euros per liter on their olive oil – although the price can vary depending on the distribution channel, with e-commerce shops featuring the cheapest olive oil price per liter in 2022. Although Spaniards often use their olive oil for many of their dishes, olive oil consumption experienced a downward trend during the last years, with the average person intaking under ***** kilograms of the golden liquid since 2017.

Discover the latest trends in Spain's olive oil market! The price of refined olive oil has slightly increased to $5,134 per ton. Read on for more insights on this growing industry.

In March 2025, the average olive oil export price amounted to $4,977 per ton, declining by -4.6% against the previous month.

In November 2022, the price of Olive Oil stood at $4,374 per ton (CIF, Qatar), showing a decrease of -5.8% compared to the previous month.

The Africa Olive Market Report is Segmented Based On Geography ( Morocco, Algeria, Tunisia, Egypt, and Libya). The Report Includes Production Analysis (volume), Consumption Analysis (value and Volume), Export Analysis (value and Volume), Import Analysis (value and Volume), and Price Trend Analysis. The Report Offers the Market Size and Forecast in Both Value (USD) and Volume (metric Tons).

The article discusses the rising demand for virgin olive oil in the United States, projecting a steady increase in consumption over the next decade. Market performance is expected to grow at a moderate rate, with volume reaching 310K tons and market value reaching $2.9B by 2035.

Analysis of Europe's virgin olive oil market from 2024-2035, covering consumption, production, trade, and price trends for major countries like Spain, Italy, and Greece.

Learn about the forecasted growth of the virgin olive oil market in North America, with consumption expected to increase over the next decade. Market volume is projected to reach 359K tons by 2035, with a value of $3.3B.

Learn about the increasing demand for virgin olive oil in the Middle East and North Africa region, with market consumption expected to rise over the next decade. Market performance is projected to grow at a steady pace, reaching 1.2M tons in volume and $6.2B in value by 2035.

Analysis of the UK virgin olive oil market, including consumption, imports, exports, and price trends from 2024 to 2035, with forecasts for market volume and value.