Export market prices for Kuwait olive oil

Market prices of olive oil have decreased. Before 2019, 1 kg of olive oil was going for US$6.65 in 2017 and US$5.23 in 2018. In 2019 the export price changed to $2.97 per kilo, by -43.176%.

Some of the best performing markets in 2019 for Kuwait olive oil for a kilogram were from exports to Oman, Bahrain, Saudi Arabia, Iraq and Iran. The olive oil exports from Kuwait 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)
  • 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)

Export values for Kuwait olive oil

The total values in export for olive oil in Kuwait were US$ 1,024, US$ 1,124, US$ 1,181 and US$ 679 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.

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The prices of olive oil in Kuwait per tonne for the years 2016, 2017, 2018 and 2019 were US$ 4,047.43, US$ 6,650.89, US$ 5,225.66 and US$ 2,965.07 respectively.

The total values in export for olive oil in Kuwait were US$ 1,024, US$ 1,124, US$ 1,181 and US$ 679 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.

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Kuwait olive oil wholesale price

In 2021, the approximate price range for Kuwait Olive Oil is between US$ 2.97 and US$ 5.23 per kilogram or between US$ 1.35 and US$ 2.37 per pound(lb).

The price in Kuwaiti Dinar is KWD 0.89 per kg. The average price for a tonne is US$ 2965.07 in Al Jahra and Kuwait City.

Kuwait's import price for olive oil in 2019 was US$3.87 per kilo.