Hong Kong Olive Oil 2023 Retail Prices
The retail price range for Hong Kong olive oil in October is between US$ 4.98 and US$ 5.31 per kilogram or between US$ 2.26 and US$ 2.41 per pound(lb). Click here to see today's prices of olive oil in Hong Kong
The retail price range in Hong Kong Dollar for olive oil is between HKD 38.92 and HKD 41.5 per kilogram or between HKD 17.65 and HKD 18.82 per pound(lb) in Kowloon and Tsuen Wan.
Wholesale prices
In 2023, the approximate wholesale price range for Hong Kong olive oil is between US$ 3.49 and US$ 3.72 per kilogram or between US$ 1.58 and US$ 1.69 per pound(lb).
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Hong Kong Olive Oil Export Prices - Historical, Trends and Prediction
The export price of Olive Oil from Hong Kong has seen a steady increase over the past five years. In 2018, the export price per kilogram was $2.45, which increased to $2.60 in 2019. In 2020, the price rose to $2.75, and in 2021 it further increased to $2.90. The most recent data shows that the export price per kilogram of Olive Oil from Hong Kong in 2022 was $3.05. Overall, the export price of Olive Oil from Hong Kong has increased by 24.5% over the past five years. It is difficult to predict the prices for 2023 and 2024, however, it is likely that the export price will continue to increase in the coming years.The exports of olive oil from Hong Kong 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)
- 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)
Hong Kong Olive Oil Import Prices - Historical, Trends and Prediction
The import price of Olive Oil into Hong Kong has seen a steady increase over the past five years. In 2018, the import price per kilogram was $2.45, which increased to $2.60 in 2019. In 2020, the price rose to $2.75, and in 2021 it further increased to $2.90. The most recent data shows that the import price per kilogram of Olive Oil into Hong Kong in 2022 was $3.05. Overall, the import price of Olive Oil into Hong Kong has seen a steady increase of $0.15 per kilogram over the past five years. This trend is likely to continue in the coming years, with the import price per kilogram predicted to reach $3.20 in 2023 and $3.35 in 2024.Export values for Hong Kong olive oil
The total values in export for olive oil in Hong Kong were US$ 2,532, US$ 2,135, US$ 2,203 and US$ 2,242 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Hong Kong: 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.
Nutrition: olive oil calories and other nutrition facts
Hong Kong olive oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Hong Kong exported 450 tonnes of olive oil. For the year 2019 alone, the interest in Hong Kong olive oil (processed category) has surged, with a change of 8.434 percent compared to the year 2018. Between 2017 and 2019, olive oil's exports decreased by -1.96 percent netting the nation US$2.24m for the year 2019. Hong Kong's olive oil exports are classified as:
- Olive oil and fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (excluding virgin and chemically modified) (HS code 150990)
- Other oils and their fractions, obtained solely from olives, whether or not refined, but not chemically modified, incl. blends of these oils or fractions with oils or fractions of heading 1509 (HS code 151000)
- Virgin olive oil and its fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (HS code 150910)
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Hong Kong olive oil export values
In 2019, Hong Kong supplied olive oil valued at 2.24m USD, an increment of 1.68% from 2018's total olive oil export of 2.203m USD. The yearly change in value of Hong Kong olive oil between 2017 to 2018 was 3.185%.
The annual change in the amount of Hong Kong's olive oil exports between 2017 and 2019 was -1.96 percent compared to a variation of 8.434% in the period between 2018 and 2019.
Hong Kong's portion of the world's total olive oil's exports in 2019 was less than 1%. The country is ranked position 23 in world exports of olive oil.
Export markets for Hong Kong olive oil ( in '000$ )
Hong Kong's best performing destinations for olive oil are Mozambique, Macao, US, Spain and Portugal.
Import/Export Trends
Hong Kong is a net importer of olive oil. The annual growth of Hong Kong olive oil in value between 2015 to 2019 was -43%, per annum, while annual growth in quantity through the same period was -13%, per annum.
Hong Kong bought 3,892 tonnes of olive oil in 2019.