Australia - Refined Olive Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Olive Oil Price in Australia - 2023
Contents:
- Refined Olive Oil Price in Australia (CIF) - 2023
- Refined Olive Oil Price in Australia (FOB) - 2023
- Refined Olive Oil Imports in Australia
- Refined Olive Oil Exports in Australia
Refined Olive Oil Price in Australia (CIF) - 2023
The average refined olive oil import price stood at $5,631 per ton in September 2023, with a decrease of -8.6% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +2.0%. The most prominent rate of growth was recorded in January 2023 an increase of 12% month-to-month. The import price peaked at $6,158 per ton in August 2023, and then dropped in the following month.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the countries with the highest prices were Greece ($6,430 per ton) and Italy ($5,831 per ton), while the price for Turkey ($4,462 per ton) and Spain ($5,578 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Greece (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Refined Olive Oil Price in Australia (FOB) - 2023
In September 2023, the average refined olive oil export price amounted to $6,356 per ton, growing by 19% against the previous month. In general, export price indicated a pronounced expansion from September 2022 to September 2023: its price increased at an average monthly rate of +4.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, refined olive oil export price increased by +71.7% against March 2023 indices. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 55% against the previous month. As a result, the export price reached the peak level of $6,664 per ton. From March 2023 to September 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was the United States ($6,939 per ton), while the average price for exports to New Zealand totaled $4,443 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.
Refined Olive Oil Imports in Australia
Refined olive oil imports into Australia reached 13K tons in 2022, picking up by 6.2% on the previous year's figure. The total import volume increased at an average annual rate of +4.0% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 29%. As a result, imports attained the peak of 15K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, refined olive oil imports soared to $52M in 2022. The total import value increased at an average annual rate of +12.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Refined Olive Oil in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 31.7 | 40.2 | 35.5 | 45.0 | 12.4% |
| Italy | 3.1 | 2.3 | 2.6 | 5.0 | 17.3% |
| Lebanon | 0.4 | 0.5 | 1.0 | 0.6 | 14.5% |
| Tunisia | 0.9 | 0.9 | N/A | 0.5 | -17.8% |
| Others | 1.3 | 0.9 | 1.5 | 1.4 | 2.5% |
| Total | 37.4 | 44.8 | 40.7 | 52.5 | 12.0% |
Top Suppliers of Refined Olive Oil to Australia in 2022:
- Spain (10.9K tons)
- Italy (1.2K tons)
- Lebanon (0.2K tons)
- Tunisia (0.1K tons)
Refined Olive Oil Exports in Australia
In 2022, the amount of refined olive oil exported from Australia surged to 1K tons, picking up by 137% on the year before. Overall, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, refined olive oil exports surged to $4.4M in 2022. In general, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Refined Olive Oil in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 1,064 | 704 | 1,306 | 2,095 | 25.3% |
| United States | 401 | 660 | 126 | 896 | 30.7% |
| Japan | 78.6 | 670 | 648 | 641 | 101.3% |
| China | 119 | 233 | 5.7 | 195 | 17.9% |
| Fiji | 75.0 | 43.3 | 111 | 187 | 35.6% |
| Taiwan (Chinese) | 0.8 | 3.3 | 6.3 | 147 | 468.5% |
| Singapore | 399 | 749 | 14.9 | 111 | -34.7% |
| Others | 114 | 52.8 | 99.9 | 175 | 15.4% |
| Total | 2,251 | 3,116 | 2,318 | 4,447 | 25.5% |
Top Export Markets for Refined Olive Oil from Australia in 2022:
- New Zealand (506.8 tons)
- United States (229.5 tons)
- Japan (62.9 tons)
- Singapore (55.9 tons)
- China (38.8 tons)
- Taiwan (Chinese) (33.9 tons)
- Fiji (30.8 tons)
This report provides an in-depth analysis of the refined olive oil market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10415310 - Refined olive oil and its fractions (excluding chemically modified)
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the refined olive oil market in Australia.
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This report provides an in-depth analysis of the olive oil market in Australia.
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This report provides an in-depth analysis of the global olive oil market.
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This report provides an in-depth analysis of the refined olive oil market in Australia.
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This report provides an in-depth analysis of the virgin olive oil market in Australia.
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This report provides an in-depth analysis of the olive oil market in Australia.
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This report provides an in-depth analysis of the global refined olive oil market.
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The price of refined olive oil, also known as Refined Olive Oil, remained constant at $6,109 per ton (CIF, Australia) in July 2023 compared to the previous month.
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