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 average price of extra-virgin olive oil in Italy has shown an overall increase over the reported period, going from 4.3 euros per liter in October 2021, to 8.01 euros per liter as of October 2023.

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

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 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.

In 2022, in Italy, average prices of extra-virgin olive oil varied between 6.5 euros to 7.2 euros per kilogram, depending on the retail channel. Olive oil sold in discount stores cost 6.5 euros per kilogram, while convenience stores reported the highest prices, with an average of 7.2 euros per kilogram.

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 101.3 percent in the third quarter 2023. By contrast, olive oil prices decreased by 40.9 in the period from January to March 2020. As of 2024, the price grew by 62.6 percent in the first quarter of the year.

Olive oil market prices

Olive oil imports into the United States contracted to 255K tons in 2023, which is down by -12.2% compared with the year before.

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 34 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 16.5 percent.

In 2024, the Azerbaijani virgin olive oil market decreased by -46.5% to $1.5M, falling for the second consecutive year after two years of growth. Over the period under review, consumption continues to indicate a deep slump. Virgin olive oil consumption peaked at $6.1M in 2017; however, from 2018 to 2024, consumption stood at a somewhat lower figure.

After three years of growth, purchases abroad of olive oil and its fractions decreased by -26.2% to 2.2K tons in 2023.

European Extra Virgin Olive Oil Producer Price by Country, 2022 Discover more data with ReportLinker!

5084 Global import shipment records of Extra Virgin Olive Oil with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

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.

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]

Extra Virgin Olive Oil: Derived from the first cold pressing of olives, extra virgin olive oil is highly prized for its low acidity level, superior flavor, and nutritional value. It is considered the highest grade olive oil and is ideal for salads, dressings, and dipping. Extra virgin olive oil is rich in antioxidants, polyphenols, and monounsaturated fats, which contribute to its health benefits, including heart health, anti-inflammatory properties, and reduced risk of chronic diseases.Virgin Olive Oil: Obtained through the second cold pressing, virgin olive oil offers a slightly higher acidity level and less intense flavor compared to its extra virgin counterpart. It retains many of the health benefits of extra virgin olive oil and has a slightly higher smoking point. It is well-suited for both cooking and finishing dishes, adding a rich, fruity flavor to various preparations.Refined Olive Oil: Refined olive oil undergoes additional processing to remove impurities and adjust its color and taste. It has a higher smoke point, making it ideal for cooking and frying at higher temperatures. It is often used in commercial food preparation due to its neutral flavor and cost-effectiveness. However, it has a milder flavor and lower nutritional value compared to extra virgin and virgin olive oil.Other Varieties: Olive oil also exists in other varieties with specific characteristics and applications: - Lampante Oil: A lower-grade olive oil that is not suitable for human consumption and is typically refined or used for industrial purposes. - Pomace Olive Oil: Extracted from olive pulp and seeds after the initial pressing, pomace olive oil has a lower quality and is often used in cooking and industrial applications. - Flavored Olive Oil: Infused with herbs, spices, or other natural ingredients, flavored olive oil adds a unique taste to dishes. It is often used as a finishing oil for salads, pasta, and other dishes, adding a distinctive flavor profile. Recent developments include: In the year 2022, one of the leading market players, Deoleo which is known for its authentic olive oil production had launched its product in the new packaging format, which is an oval-shaped bottle and has thereby created Piazza dell anfiteatroto. This adoption has created a huge consumer base for their product., In the year 2022, one of the leading market players, Pompeian Inc has launched a series of three olive oil and vinegar which had showcased their uniqueness in the category progression in flavor profile and brought in a large spectrum of flavor experiences as well., In the year 2022, one of the leading market players, Orfeu which is a Brazilian-based company had announced their series of olive oils, which caters to the growing demand of the country and thereby amplified the overall growth of the olive oil market across the region.. Key drivers for this market are: Rise In Number Of High Net Worth Individuals, Growth Of Luxury Travel Industry; Rise In Per Capita Disposable Income. Potential restraints include: Drifting Consumer Preference Towards Non-Alcoholic Beverages, Stringent Government Policies. Notable trends are: Premiumization of wines and spirits to propel market growth.

The value generated from the import of olive oil in the United Kingdom increased by 31.7 million British Pounds (+10.53 percent) in 2023 in comparison to the previous year. With 333.2 million British Pounds, the value thereby reached its highest value in the observed period. Find other key market indicators concerning the vinegar and substitutes for vinegar, soups and broths and lard and other pig and poultry fat.

In 2023, purchases abroad of olive oil and its fractions decreased by -22.6% to 55K tons, falling for the second consecutive year after two years of growth.

Olive Oil Market Size Value in the UK, 2022 Discover more data with ReportLinker!