What is the price of olive oil per kilogram/pound in Germany today?
The retail price range for Germany olive oil is between US$ 10.11 and US$ 13.48 per kilogram or between US$ 4.59 and US$ 6.11 per pound(lb). Click here to see today's exact prices of olive oil in Germany
The retail price range in Euro for olive oil is between EUR 9.34 and EUR 12.46 per kilogram or between EUR 4.24 and EUR 5.65 per pound(lb) in Berlin and Leipzig.
Wholesale prices
In 2024, the approximate wholesale price range for Germany olive oil is between US$ 7.08 and US$ 9.44 per kilogram or between US$ 3.21 and US$ 4.28 per pound(lb).
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Germany Olive Oil Export Prices - Historical, Trends and Prediction
The export price of Olive Oil from Germany has seen a steady increase over the last five years. In 2017, the price per kilogram was 2.73 US dollars, which increased to 3.86 US dollars in 2018. In 2019, the price dropped to 2.64 US dollars, before increasing again to 3.35 US dollars in 2020. The highest price was recorded in 2021, at 13.55 US dollars per kilogram. The most recent price was 5.04 US dollars per kilogram in 2022. Based on this trend, it is predicted that the export price of Olive Oil from Germany will be around 6.00 US dollars per kilogram in 2023 and 6.50 US dollars per kilogram in 2024.The olive oil exports from Germany 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)
- 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)
Germany Olive Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Olive Oil into Germany over the last five years has been quite varied. In 2017, the price was 2.73 US dollars per kg, followed by a significant increase to 3.86 US dollars per kg in 2018. This was followed by a decrease to 2.64 US dollars per kg in 2019 and then an increase to 3.35 US dollars per kg in 2020. The most recent year, 2021, saw a dramatic increase to 13.55 US dollars per kg. The current price of 5.04 US dollars per kg in 2022 is still significantly higher than the prices seen in the previous years. Based on this data, it is likely that the import price per kilogram of Olive Oil into Germany will remain relatively high in the next two years, with an estimated price of 6.20 US dollars per kg in 2023 and 6.90 US dollars per kg in 2024.Export values for Germany olive oil
The total values in export for olive oil in Germany were US$ 24,929, US$ 30,954, US$ 35,350 and US$ 33,380 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Germany: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices 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 & Hungary olive oil.
Germany olive oil - Production, Exports, Imports, Seasons and HS Codes
The quantity of olive oil sold by Germany in 2020 was 6,976 metric tons. In 2019 Germany shipped 6,904 tonnes of olive oil. For 2019 alone, the market for Germany olive oil (processed category) has shrunk, flactuating by -3.346 pc compared to the year 2018. Between 2017 and 2019, olive oil's exports increased by 12.68 pc netting Germany US$33.38m for the year 2019. Germany's olive oil exports are categorised as:
- Virgin olive oil and its fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (HS code 150910)
- Other oils and their fractions, obtained solely from olives, whether or not refined, but not chemically modified, incl. blends of these oils or fractions with oils or fractions of heading 1509 (HS code 151000)
- Olive oil and fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (excluding virgin and chemically modified) (HS code 150990)
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Germany olive oil export values
In 2019, Germany shipped olive oil with a value of 33.38m USD, a drop of -5.57% from 2018's total olive oil export of 35.35m USD. The annual change in value of Germany olive oil between 2017 to 2018 was 14.202 pc.
The annual change in the amount of Germany's olive oil exports between 2017 and 2019 was 12.68 per cent when compared to a variation of -3.346% in the growth rate between 2018 and 2019.
Germany's share of the world's total olive oil's exports in 2019 was less than 1%. The country holds number 38 in world exports of olive oil.
Export markets for Germany olive oil ( in '000$ )
Germany's leading export markets for olive oil are United Kingdom (UK), Poland, Czech Republic, Sweden and Belgium.
Import/Export Trends
Germany is a net importer of olive oil. The annual growth of Germany olive oil in value between 2015 to 2019 was -9%, per year, while annual growth in quantity through the same period was -24%, per annum.
Germany procured 73,555 tonnes of olive oil in 2019.