Australia - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingVirgin Olive Oil Price in Australia - 2021
Contents:
- Virgin Olive Oil Price in Australia (CIF) - 2022
- Virgin Olive Oil Price in Australia (FOB) - 2021
- Virgin Olive Oil Imports in Australia
- Virgin Olive Oil Exports in Australia
Virgin Olive Oil Price in Australia (CIF) - 2022
In 2022, the average virgin olive oil import price amounted to $3,979 per ton, dropping by -4.7% against the previous year. In general, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, virgin olive oil import price increased by +5.0% against 2020 indices. The most prominent rate of growth was recorded in 2015 an increase of 22%. The import price peaked at $4,741 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($4,763 per ton), while the price for Lebanon ($2,611 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Virgin Olive Oil Price in Australia (FOB) - 2021
The average virgin olive oil export price stood at $5,184 per ton in December 2021, with an increase of 7.3% against the previous month. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2021 an increase of 47% m-o-m. The export price peaked at $6,753 per ton in October 2021; however, from November 2021 to December 2021, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($7,451 per ton), while the average price for exports to Chile ($2,128 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.
Virgin Olive Oil Imports in Australia
In 2022, approx. 23K tons of virgin olive oil were imported into Australia; standing approx. at the previous year. The total import volume increased at an average annual rate of +6.8% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 23%. As a result, imports reached the peak of 24K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, virgin olive oil imports shrank slightly to $93M in 2022. The total import value increased at an average annual rate of +7.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 19% against the previous year.
| Import of Virgin Olive Oil in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 47.8 | 63.3 | 65.0 | 62.8 | 9.5% |
| Italy | 18.7 | 16.5 | 18.4 | 17.8 | -1.6% |
| Greece | 4.2 | 5.2 | 7.3 | 7.1 | 19.1% |
| Turkey | 2.3 | 1.4 | 2.1 | 2.0 | -4.6% |
| Lebanon | 0.7 | 1.2 | 1.4 | 1.3 | 22.9% |
| Others | 1.6 | 1.8 | 2.0 | 1.9 | 5.9% |
| Total | 75.3 | 89.5 | 96.3 | 92.9 | 7.3% |
Top Suppliers of Virgin Olive Oil to Australia in 2022:
- Spain (16.3K tons)
- Italy (3.7K tons)
- Greece (1.7K tons)
- Turkey (0.6K tons)
- Lebanon (0.5K tons)
Virgin Olive Oil Exports in Australia
In 2022, approx. 1.4K tons of virgin olive oil were exported from Australia; with an increase of 1.9% compared with the previous year. Overall, exports, however, faced a deep contraction. The growth pace was the most rapid in 2021 when exports increased by 2.9% against the previous year.
In value terms, virgin olive oil exports declined to $7M in 2022. Over the period under review, exports, however, faced a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 20%.
| Export of Virgin Olive Oil in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.8 | 1.3 | 2.8 | 2.4 | -20.6% |
| China | 3.1 | 1.5 | 1.5 | 1.6 | -19.8% |
| New Zealand | 0.9 | 1.2 | 1.1 | 0.9 | 0.0% |
| Japan | 1.4 | 0.7 | 0.7 | 0.8 | -17.0% |
| Taiwan (Chinese) | 0.5 | 0.7 | 0.7 | 0.6 | 6.3% |
| Malaysia | 0.1 | 0.4 | 0.2 | 0.2 | 26.0% |
| Others | 0.4 | 0.5 | 0.6 | 0.5 | 7.7% |
| Total | 11.2 | 6.3 | 7.6 | 7.0 | -14.5% |
Top Export Markets for Virgin Olive Oil from Australia in 2022:
- United States (569.5 tons)
- China (285.7 tons)
- New Zealand (199.9 tons)
- Japan (130.2 tons)
- Taiwan (Chinese) (115.9 tons)
- Malaysia (37.8 tons)
This report provides an in-depth analysis of the virgin 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:
- FCL 261 - Oil of Olives, Virgin
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 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 refined olive oil market in Australia.
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This report provides an in-depth analysis of the global virgin olive oil market.
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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 global refined olive oil market.
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This report provides an in-depth analysis of the virgin olive oil market in Australia.
355
This report provides an in-depth analysis of the olive oil market in Australia.
433
This report provides an in-depth analysis of the refined olive oil market in Australia.
5049
This report provides an in-depth analysis of the global virgin 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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Discover the top import markets for virgin olive oil and their importance in the global market. Italy, the United States, Spain, France, and Brazil lead the way, driven by culinary culture and health-conscious consumers.
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The global virgin olive oil market revenue amounted to $15.2B in 2018, picking up by 1.7% against the previous year. This ...
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In 2017, approx. X tons of virgin olive oil was consumed worldwide, a decline of -X% against the previous year.
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Global virgin olive oil consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
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In 2015, the country with the largest volume of the virgin olive oil output was Spain (X thousand tons), accounting for X% of global production.
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Spain continued its dominance in the global olive oil trade. In 2014, Spain exported X thousand tons of olive oil totaling X million USD, X% over the previous year. Its primary trading partner was Italy, where it supplied X% of its total oliv
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The olive oil industry, connected, as it is, to a product that has long been acknowledged to contain extraordinary health properties, has always thrived in the countries of the Mediterranean region. The Omega-X monounsaturated fatty acids and antioxida
252
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.
452
Discover the top import markets for virgin olive oil and their importance in the global market. Italy, the United States, Spain, France, and Brazil lead the way, driven by culinary culture and health-conscious consumers.
