What is the price of olive oil per kilogram/pound in Azerbaijan today?
The retail price range for Azerbaijan olive oil is between US$ 11.35 and US$ 15.30 per kilogram or between US$ 5.15 and US$ 6.94 per pound(lb). Click here to see today's exact prices of olive oil in Azerbaijan
The retail price range in Azerbaijan Manat for olive oil is between AZN 19.31 and AZN 26.02 per kilogram or between AZN 8.76 and AZN 11.80 per pound(lb) in Baku and Ganja.
Wholesale prices
In 2025, the approximate wholesale price range for Azerbaijan olive oil is between US$ 7.95 and US$ 10.71 per kilogram or between US$ 3.60 and US$ 4.86 per pound(lb).
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Azerbaijan Olive Oil Export Prices - Historical, Trends and Prediction
The export price of Olive Oil from Azerbaijan over the last five years has seen a steady decline. In 2016, the price per kilogram was 2.23 US dollars, and in 2021 it was 3.85 US dollars. This represents a decrease of 1.62 US dollars, or 72.2%. The lowest price was in 2015, when it was 2.7 US dollars per kilogram. The highest price was in 2019, when it was 4.75 US dollars per kilogram. Based on this data, it is likely that the export price of Olive Oil from Azerbaijan will continue to decrease in the next two years, with a predicted price of 3.45 US dollars per kilogram in 2023 and 3.05 US dollars per kilogram in 2024.The olive oil exports from Azerbaijan are categorised 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)
- 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)
- 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)
Azerbaijan Olive Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Olive Oil into Azerbaijan has seen a steady decline over the past five years. In 2012, the price was 4.67 US dollars per kg, but by 2016, it had dropped to 2.23 US dollars per kg. This downward trend continued in 2017, when the price was 3.26 US dollars per kg, and in 2018, when it was 4.34 US dollars per kg. However, in 2019, the price rose to 4.75 US dollars per kg, before dropping again to 4.47 US dollars per kg in 2020. The most recent data shows that the price is 3.85 US dollars per kg in 2021. Based on this data, it is likely that the import price per kilogram of Olive Oil into Azerbaijan will continue to fluctuate in the coming years. We can predict that the price in 2023 will be around 4.00 US dollars per kg, and in 2024 it will be around 4.25 US dollars per kg.Export values for Azerbaijan olive oil
The total values in export for olive oil in Azerbaijan were US$ 666, US$ 796, US$ 356 and US$ 252 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Azerbaijan: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of olive oil in other countries across Asia: Kazakhstan olive oil, Kyrgyzstan olive oil, Tajikistan olive oil, Turkmenistan olive oil, Uzbekistan olive oil, China olive oil, Hong Kong olive oil, Macao olive oil, North Korea olive oil & Mongolia olive oil.
Azerbaijan olive oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Azerbaijan exported 53 tonnes of olive oil. For 2019 alone, the demand for Azerbaijan olive oil (processed category) has shrunk, changing by -35.366 percent compared to the year 2018. Between 2017 and 2019, olive oil's exports decreased by -78.28% netting Azerbaijan US$0.25m for the year 2019. Azerbaijan's olive oil exports are categorised as:
- Other oils and their fractions, obtained solely from olives, whether or not refined, but not chemically modified, incl. blends of these oils or fractions with oils or fractions of heading 1509 (HS code 151000)
- Virgin olive oil and its fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (HS code 150910)
- Olive oil and fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (excluding virgin and chemically modified) (HS code 150990)
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Azerbaijan olive oil export values
In 2019, Azerbaijan sold olive oil costing 0.25m USD, a contraction of -29.78% from 2018's total olive oil export of 0.356m USD. The annual change in value of Azerbaijan olive oil between 2017 to 2018 was -55.276 percent.
The annual/yearly variation in the quantity of Azerbaijan's olive oil exports between 2017 and 2019 was -78.28 pc compared to a variation of -35.366% in the period between 2018 and 2019.
Export markets for Azerbaijan olive oil ( in '000$ )
Azerbaijan's leading destinations for olive oil are Kazakhstan, Iraq, Uzbekistan, Turkmenistan and Kyrgyzstan.
Azerbaijan ordered 1,746 tonnes of olive oil in 2019.