South Africa Olive Oil Market Insights
South Africa olive oil export quantities
In 2019 South Africa sold 574,696 tonnes of olive oil. For 2019 alone, the market for South Africa olive oil (processed category) has reduced, flactuating by -64.286 % compared to the year 2018. Between 2017 and 2019, olive oil's exports reduced by -67.73% earning the country US$3.91m for the year 2019. South Africa's olive oil exports are classified as:
- Virgin olive oil and its fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (HS code 150910)
- Olive oil and fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (excluding virgin and chemically modified) (HS code 150990)
- Other oils and their fractions, obtained solely from olives, whether or not refined, but not chemically modified, incl. blends of these oils or fractions with oils or fractions of heading 1509 (HS code 151000)
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South Africa olive oil export values
In 2019, South Africa shipped olive oil valued at 3.91m USD, a contraction of -13.93% from 2018's total olive oil export of 4.543m USD. The annual change in value of South Africa olive oil between 2017 to 2018 was -6.214 per cent.
The yearly change in the volume of South Africa's olive oil exports between 2017 and 2019 was -67.73% compared to a variation of -64.286% in the period between 2018 and 2019.
South Africa's stake of the world's total olive oil's exports in 2019 was less than 1%. The country holds position 64 in world exports of olive oil.
Export markets for South Africa olive oil ( in '000$ )
South Africa's leading export markets for olive oil are Yemen, United Kingdom (UK), Uganda, Madagascar and France.
Import/Export Trends
South Africa is a net importer of olive oil. The annual growth of South Africa olive oil in value between 2015 to 2019 was 18%, per year, while annual growth in quantity during the same period was 36%, per annum.
South Africa bought 8,074 tonnes of olive oil in 2019.