Russia Olive Oil Market Insights
Table of Contents
Russia olive oil export quantities
The volume of olive oil shipped by Russia in 2020 was 435 metric tons. In 2019 Russia shipped 340 tonnes of olive oil. For 2019 alone, the demand for Russia olive oil (processed category) has increased, changing by 81.818 percent compared to the year 2018. Between 2017 and 2019, olive oil's exports increased by 134.48% bringing the country US$1.20m for the year 2019. Russia's olive oil exports are classified as:
- Olive oil and fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (excluding virgin and chemically modified) (HS code 150990)
- Other oils and their fractions, obtained solely from olives, whether or not refined, but not chemically modified, incl. blends of these oils or fractions with oils or fractions of heading 1509 (HS code 151000)
- Virgin olive oil and its fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (HS code 150910)
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Russia olive oil export values
In 2019, Russia supplied olive oil valued at 1.20m USD, an increase of 21.83% from 2018's total olive oil export of 0.985m USD. The yearly increase in value of Russia olive oil between 2017 to 2018 was 26.607 per cent.
The yearly change in the quantity of Russia's olive oil exports between 2017 and 2019 was 134.48% compared to a variation of 81.818% in the period between 2018 and 2019.
Russia's stake of the world's total olive oil's exports in 2019 was 30.4 percent. The country holds number 2 in world exports of olive oil.
Export markets for Russia olive oil ( in '000$ )
Russia's leading export markets for olive oil are Kazakhstan, Tajikistan, Belarus, Kyrgyzstan and Ukraine.
Import/Export Trends
Russia is a net exporter of olive oil. The annual growth of Russia olive oil in value between 2015 to 2019 was 30%, per year, while annual growth in quantity through the same period was 9%, per annum.
Russia imported 29,405 tonnes of olive oil in 2019.
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Production of other produce in the Processed category in Russia: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea and Black Tea.
See the production of olive oil in other countries across Europe : Georgia olive oil, Albania olive oil, Belarus olive oil, Bosnia and Herzegovina olive oil, Bulgaria olive oil, Croatia olive oil, Czech Republic olive oil, Estonia olive oil, Greece olive oil and Hungary olive oil.