What is the price of olive oil per kilogram/pound in Senegal today?
The retail price range for Senegal olive oil is between US$ 2.15 and US$ 4.30 per kilogram or between US$ 0.98 and US$ 1.95 per pound(lb). Click here to see today's exact prices of olive oil in Senegal
The retail price range in CFA Franc BCEAO for olive oil is between XOF 1,312.41 and XOF 2,624.82 per kilogram or between XOF 595.20 and XOF 1,190.39 per pound(lb) in Dakar and Touba.
Wholesale prices
In 2024, the approximate wholesale price range for Senegal olive oil is between US$ 1.51 and US$ 3.01 per kilogram or between US$ 0.68 and US$ 1.37 per pound(lb).
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Senegal Olive Oil Export Prices - Historical, Trends and Prediction
The export price of Olive Oil from Senegal has seen a steady decline over the last five years. In 2012, the export price per kilogram was 5.00 US dollars, but by 2021, it had dropped to 2.00 US dollars. In 2013, the price was 5.85 US dollars, followed by 5.80 US dollars in 2014 and 5.67 US dollars in 2015. In 2016, the price dropped to 5.33 US dollars and further to 4.04 US dollars in 2017. The price then increased to 4.33 US dollars in 2018 and 5.75 US dollars in 2019, before dropping again to 5.60 US dollars in 2020. Based on this trend, it is likely that the export price of Olive Oil from Senegal in 2023 will be around 2.50 US dollars and in 2024, it will be around 2.00 US dollars.The exports of olive oil from Senegal are categorised as:
- 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)
- 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)
- 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)
Senegal Olive Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Olive Oil into Senegal over the last five years has been relatively stable. In 2017, the price was $4.04, followed by $4.33 in 2018. In 2019, the price increased to $5.75, before dropping to $5.60 in 2020. The most recent year, 2021, saw a significant decrease to $2.00. Overall, the import price of Olive Oil into Senegal has seen a decrease over the last five years, with the most significant drop occurring in 2021. Based on this trend, it is likely that the import price of Olive Oil into Senegal will remain low in the next two years, with an estimated price of $1.90 for 2023 and $1.80 for 2024.Export values for Senegal olive oil
The total values in export for olive oil in Senegal were US$ 16, US$ 196, US$ 13 and US$ 23 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Senegal: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of olive oil in other countries across Africa: Algeria olive oil, Angola olive oil, Botswana olive oil, Burundi olive oil, Cameroon olive oil, Cape Verde olive oil, Central African Republic olive oil, Comoros olive oil, DRC Congo olive oil & Benin olive oil.
Senegal olive oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Senegal shipped 4 tonnes of olive oil. For the year 2019 alone, the market for Senegal olive oil (processed category) has escalated, with a change of 33.333 percent compared to the year 2018. Between 2017 and 2019, olive oil's exports reduced by -91.84 percent netting Senegal US$0.02m for the year 2019. Senegal's olive oil exports are classified as:
- Other oils and their fractions, obtained solely from olives, whether or not refined, but not chemically modified, incl. blends of these oils or fractions with oils or fractions of heading 1509 (HS code 151000)
- Olive oil and fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (excluding virgin and chemically modified) (HS code 150990)
- Virgin olive oil and its fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (HS code 150910)
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Senegal olive oil export values
In 2019, Senegal exported olive oil valued at 0.02m USD, an increase of 53.85% from 2018's total olive oil export of 0.013m USD. The annual change in value of Senegal olive oil between 2017 to 2018 was -93.367 per cent.
The yearly variation in the quantity of Senegal's olive oil exports between 2017 and 2019 was -91.84 pc compared to a variation of 33.333% in the period between 2018 and 2019.
Senegal's stake of the world's total olive oil's exports in 2019 was less than 1%. Senegal holds position 41 in world exports of olive oil.
Export markets for Senegal olive oil ( in '000$ )
Senegal's leading destinations for olive oil are United Arab Emirates (UAE), Mali, France, US and Canada.
Import/Export Trends
Senegal is a net exporter of olive oil. The annual growth of Senegal olive oil in value between 2015 to 2019 was 7%, per year, while annual growth in quantity was 5%, per annum.
Senegal purchased 338 tonnes of olive oil in 2019.