Iran - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingVirgin Olive Oil Price in Iran - 2022
Contents:
- Virgin Olive Oil Price in Iran (CIF) - 2022
- Virgin Olive Oil Price in Iran (FOB) - 2022
- Virgin Olive Oil Imports in Iran
- Virgin Olive Oil Exports in Iran
Virgin Olive Oil Price in Iran (CIF) - 2022
In 2022, the average virgin olive oil import price amounted to $3,284 per ton, waning by -3.4% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 21% against the previous year. The import price peaked at $4,227 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($4,337 per ton), while the price for the United Arab Emirates ($2,015 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Virgin Olive Oil Price in Iran (FOB) - 2022
The average virgin olive oil export price stood at $3,628 per ton in 2022, jumping by 52% against the previous year. Overall, the export price showed moderate growth. The pace of growth appeared the most rapid in 2013 an increase of 98%. As a result, the export price attained the peak level of $5,032 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Tajikistan.
From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to +5.9% per year.
Virgin Olive Oil Imports in Iran
In 2022, approx. 2.5K tons of virgin olive oil were imported into Iran; dropping by -31.3% compared with the previous year. In general, imports recorded a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by 153% against the previous year. As a result, imports attained the peak of 3.6K tons, and then contracted rapidly in the following year.
In value terms, virgin olive oil imports dropped sharply to $8.2M in 2022. Over the period under review, imports saw a deep setback. The pace of growth appeared the most rapid in 2021 when imports increased by 205% against the previous year. As a result, imports reached the peak of $12M, and then declined markedly in the following year.
| Import of Virgin Olive Oil in Iran (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 8.9 | 1.2 | 5.5 | 3.5 | -26.7% |
| Spain | 0.2 | 1.1 | 3.3 | 2.1 | 119.0% |
| United Arab Emirates | 0.6 | 0.3 | N/A | 0.2 | -30.7% |
| Italy | 0.3 | 0.1 | 0.1 | 0.1 | -30.7% |
| Others | 1.1 | 1.3 | 3.4 | 2.2 | 26.0% |
| Total | 11.0 | 4.0 | 12.3 | 8.2 | -9.3% |
Top Suppliers of Virgin Olive Oil to Iran in 2022:
- Turkey (1162.4 tons)
- Spain (590.2 tons)
- United Arab Emirates (95.4 tons)
- Italy (24.6 tons)
Virgin Olive Oil Exports in Iran
After three years of growth, overseas shipments of virgin olive oil decreased by -28.8% to 1.1 tons in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +10.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 38% against the previous year. As a result, the exports reached the peak of 1.6 tons, and then plummeted in the following year.
In value terms, virgin olive oil exports expanded rapidly to $4K in 2022. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 133% against the previous year. As a result, the exports attained the peak of $4.3K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Virgin Olive Oil in Iran (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tajikistan | N/A | 2.2 | 0.1 | 3.0 | 16.8% |
| Switzerland | N/A | N/A | 1.0 | N/A | 0% |
| Germany | N/A | 0.7 | N/A | N/A | 0% |
| Norway | N/A | N/A | 1.5 | N/A | 0% |
| Oman | N/A | 0.5 | 1.0 | N/A | 100.0% |
| Kyrgyzstan | N/A | N/A | N/A | N/A | 0% |
| Turkey | 1.8 | N/A | N/A | N/A | 0% |
| Others | N/A | 0.9 | 0.1 | 1.0 | 5.4% |
| Total | 1.9 | 4.3 | 3.7 | 4.0 | 28.2% |
Top Export Markets for Virgin Olive Oil from Iran in 2022:
- Tajikistan (977.0 kg)
This report provides an in-depth analysis of the virgin olive oil market in Iran. 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:
- Iran
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Iran
- 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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