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

Graph and download economic data for Global price of Olive Oil (POLVOILUSDM) from Jan 1990 to Jun 2025 about oil, World, food, and price.

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).

Graph and download economic data for Global price of Olive Oil (POLVOILUSDQ) from Q1 1990 to Q2 2025 about oil, World, food, and price.

In 2017, Olive Oil Price in Greece grew 15.5% compared to the previous year.

The quarter-on-quarter change in olive oil price in Italy fluctuated during the period of time considered. The peak was reached in the last quarter of 2023, when prices went up by over ** percent compared to the previous quarter, while the highest decline was observed in Q4 2019 when prices of olive oil in the country dropped by **** percent.

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

The olive oil price in Italy was affected by changes between 2019 and 2024. Compared to the equivalent period in the previous year, olive oil price rose by ***** percent in the third quarter 2023. By contrast, olive oil prices decreased by **** in the period from January to March 2020. As of 2024, the price grew by **** percent in the first quarter of the year.

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

In May 2025, the average olive oil import price amounted to $5,823 per ton, almost unchanged from the previous month.

European Union - Harmonised index of consumer prices (HICP): Olive oil was 144.99 points in August of 2025, 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 September 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.

Global Olive Oil Prices - Historical chart and current data through 2025.

According to Cognitive Market Research, the global Extra Virgin Olive Oil market size was USD 9651.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 3860.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 2895.45 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 2219.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 482.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 193.03 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.
The food industry category is the fastest growing segment of the Extra Virgin Olive Oil industry

Market Dynamics of Extra Virgin Olive Oil Market

Key Drivers for Extra Virgin Olive Oil Market

Rising Health Consciousness to Boost Market Growth: The market for extra virgin olive oil (EVOO) is expanding due in large part to growing health consciousness. Healthy diets are becoming more and more important to consumers, who are looking for products like EVOO that are high in monounsaturated fats and antioxidants. Its demonstrated ability to lower inflammation, enhance cardiovascular health, and aid in weight control is consistent with consumers' increasing desire for natural and functional foods. An essential component of the Mediterranean diet, EVOO is well known for its ability to prolong life and fend against chronic illnesses. The demand for EVOO is rising as more people become aware of these advantages, especially in emerging nations. Health-related advertising campaigns and the growing popularity of plant-based and organic lifestyles are contributing factors to this trend.

Increasing Demand for Natural and Organic Products to Drive Market Growth: The market for extra virgin olive oil (EVOO) is expanding due in large part to the growing demand for natural and organic products. Consumers are increasingly choosing minimally processed and synthetic chemical-free products as they grow more aware of the effects their food choices have on the environment and their health. Because of its purity and environmentally friendly production practices, organic EVOO, which is certified by organizations like USDA Organic and EU Organic, is becoming more and more well-known. Customers who appreciate sustainable farming methods and are health and environmental-sensitive are especially embracing this trend. The demand for organic EVOO is further increasing due to the growing global embrace of organic lifestyles and the premiumization of food choices.

Restraint Factor for the Extra Virgin Olive Oil Market

High Competition from Substitute Oils, such as Sunflower, Canola, And Coconut Oil Will Limit Market Growth: The market for extra virgin olive oil (EVOO) is being held back by fierce competition from alternative oils. Many markets are dominated by less expensive substitutes including palm, coconut, canola, and sunflower oil, particularly in areas where consumers are highly sensitive to price. Due to their higher smoke points, these oils work better in high-heat cooking, are more widely accessible, and are frequently chosen for their neutral flavors. Furthermore, the adoption of EVOO is constrained by the great cultural relevance of traditional oils, such as peanut oil in some areas or mustard oil in South Asia. Because of the fierce competition, EVOO manufacturers must set themselves apart from the competition with superior quality, health benefits, and premium positioning in order to attract a wider range of customers.

Key Trends for Extra Virgin Olive Oil Market

Increase in E-Commerce and Direct-to-Consumer Channels: Digital platforms are progressively utilized to market artisanal and organic extra virgin olive oil (EVOO) directly to health-conscious consumers, circumventing conventional retail and facilitating traceability and marketing based ...

Graph and download economic data for Global price of Olive Oil (POLVOILUSDA) from 1990 to 2024 about oil, World, food, and price.

In March 2022, the price of olive oil in Tunisia increased by *** percent compared to the previous month, and by **** 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 **** percent. The average export price of olive oil in Tunisia in 2021 stood at **** Tunisian dinars per liter.

In 2024, the Azerbaijani virgin olive oil market decreased by -17.5% to $2.8M, falling for the second consecutive year after two years of growth. In general, consumption recorded a mild descent. Over the period under review, the market reached the maximum level at $6.2M in 2017; however, from 2018 to 2024, consumption remained at a lower figure.

Russia Avg Consumer Price: Oils & Fats: Olive Oil data was reported at 1,008.060 RUB/l in Jan 2019. This records a decrease from the previous number of 1,011.480 RUB/l for Dec 2018. Russia Avg Consumer Price: Oils & Fats: Olive Oil data is updated monthly, averaging 556.750 RUB/l from Jan 2009 (Median) to Jan 2019, with 121 observations. The data reached an all-time high of 1,011.480 RUB/l in Dec 2018 and a record low of 408.840 RUB/l in Jan 2009. Russia Avg Consumer Price: Oils & Fats: Olive Oil data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Prices – Table RU.PA002: Average Consumer Price: Food.

Euro Area - Harmonised index of consumer prices (HICP): Olive oil was 146.04 points in July 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 September 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 133.35 points in August 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 October 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.

Saudi Arabia Prices of Goods and Services: Avg: OF: Olive Oil: Imported: Al Wazir data was reported at 26.370 SAR/500 ml in Mar 2025. This records an increase from the previous number of 25.980 SAR/500 ml for Feb 2025. Saudi Arabia Prices of Goods and Services: Avg: OF: Olive Oil: Imported: Al Wazir data is updated monthly, averaging 15.570 SAR/500 ml from Jan 2009 (Median) to Mar 2025, with 195 observations. The data reached an all-time high of 26.370 SAR/500 ml in Mar 2025 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]