Feb 13, 2026
IndexBox has just published a new report: Middle East – Refined Olive Oil – Market Analysis, Forecast, Size, Trends And Insights.
The Middle East’s refined olive oil market, valued at $1.7B in 2024, is forecast to grow to 420K tons in volume and $1.9B in value by 2035. Iran, Saudi Arabia, and Iraq are the largest consumers, while Iran, Saudi Arabia, and Turkey lead production. The region is largely self-sufficient, with Turkey dominating exports (83% share) and intra-regional imports being relatively small. Key trends include Israel’s high per capita consumption growth and significant price variations in import and export markets.
Key Findings
Market forecast to reach 420K tons and $1.9B by 2035, indicating steady growthIran, Saudi Arabia, and Iraq are the top consuming countries by volumeTurkey is the dominant exporter, supplying 83% of the region’s total exportsIsrael shows the highest growth in market value and per capita consumptionIntra-regional trade features large price disparities, with Israel paying the highest import pricesMarket Forecast
Driven by increasing demand for refined olive oil in the Middle East, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +0.4% for the period from 2024 to 2035, which is projected to bring the market volume to 420K tons by the end of 2035.
In value terms, the market is forecast to increase with an anticipated CAGR of +1.2% for the period from 2024 to 2035, which is projected to bring the market value to $1.9B (in nominal wholesale prices) by the end of 2035.
ConsumptionMiddle East’s Consumption of Refined Olive Oil
In 2024, consumption of refined olive oil was finally on the rise to reach 403K tons after two years of decline. Overall, consumption saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the consumption volume increased by 6%. As a result, consumption attained the peak volume of 408K tons. From 2022 to 2024, the growth of the consumption remained at a lower figure.
The size of the refined olive oil market in the Middle East totaled $1.7B in 2024, increasing by 3.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.1% over the period from 2013 to 2024; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Over the period under review, the market hit record highs in 2024 and is likely to see steady growth in years to come.
Consumption By Country
The countries with the highest volumes of consumption in 2024 were Iran (104K tons), Saudi Arabia (77K tons) and Iraq (46K tons), together accounting for 57% of total consumption.
From 2013 to 2024, the biggest increases were recorded for Saudi Arabia (with a CAGR of +2.9%), while consumption for the other leaders experienced more modest paces of growth.
In value terms, the largest refined olive oil markets in the Middle East were Iran ($490M), Saudi Arabia ($267M) and Israel ($225M), with a combined 59% share of the total market.
Israel, with a CAGR of +8.0%, recorded the highest rates of growth with regard to market size in terms of the main consuming countries over the period under review, while market for the other leaders experienced more modest paces of growth.
The countries with the highest levels of refined olive oil per capita consumption in 2024 were Israel (3.1 kg per person), Saudi Arabia (2.1 kg per person) and Syrian Arab Republic (1.4 kg per person).
From 2013 to 2024, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Saudi Arabia (with a CAGR of +1.0%), while consumption for the other leaders experienced more modest paces of growth.
ProductionMiddle East’s Production of Refined Olive Oil
In 2024, production of refined olive oil in the Middle East totaled 432K tons, approximately equating the year before. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when the production volume increased by 33% against the previous year. As a result, production reached the peak volume of 560K tons. From 2023 to 2024, production growth remained at a somewhat lower figure.
In value terms, refined olive oil production totaled $1.9B in 2024 estimated in export price. The total production indicated pronounced growth from 2013 to 2024: its value increased at an average annual rate of +2.3% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, production increased by +51.8% against 2019 indices. The most prominent rate of growth was recorded in 2022 with an increase of 35% against the previous year. The level of production peaked in 2024 and is expected to retain growth in the near future.
Production By Country
The countries with the highest volumes of production in 2024 were Iran (104K tons), Saudi Arabia (76K tons) and Turkey (60K tons), together accounting for 55% of total production.
From 2013 to 2024, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Saudi Arabia (with a CAGR of +3.5%), while production for the other leaders experienced more modest paces of growth.
ImportsMiddle East’s Imports of Refined Olive Oil
In 2024, overseas purchases of refined olive oil decreased by -11.4% to 6.6K tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a deep slump. The growth pace was the most rapid in 2016 with an increase of 27% against the previous year. As a result, imports attained the peak of 17K tons. From 2017 to 2024, the growth of imports remained at a lower figure.
In value terms, refined olive oil imports fell markedly to $30M in 2024. Overall, imports continue to indicate a noticeable reduction. The growth pace was the most rapid in 2022 with an increase of 55% against the previous year. Over the period under review, imports hit record highs at $57M in 2016; however, from 2017 to 2024, imports remained at a lower figure.
Imports By Country
Saudi Arabia (1.9K tons) and Kuwait (1.3K tons) represented the key importers of refined olive oil in 2024, amounting to approx. 28% and 20% of total imports, respectively. Iraq (666 tons) ranks next in terms of the total imports with a 10% share, followed by the United Arab Emirates (8.9%), Israel (8.6%) and Qatar (7.5%). Yemen (258 tons) held a minor share of total imports.
From 2013 to 2024, the biggest increases were recorded for Qatar (with a CAGR of +30.3%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest refined olive oil importing markets in the Middle East were Saudi Arabia ($6.8M), Israel ($4.9M) and Kuwait ($4M), with a combined 53% share of total imports. The United Arab Emirates, Iraq, Qatar and Yemen lagged somewhat behind, together accounting for a further 30%.
In terms of the main importing countries, Qatar, with a CAGR of +41.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices By Country
The import price in the Middle East stood at $4,498 per ton in 2024, waning by -12.5% against the previous year. Import price indicated a notable increase from 2013 to 2024: its price increased at an average annual rate of +2.1% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, refined olive oil import price increased by +45.0% against 2020 indices. The growth pace was the most rapid in 2023 when the import price increased by 26%. As a result, import price reached the peak level of $5,139 per ton, and then contracted in the following year.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($8,645 per ton), while Qatar ($3,035 per ton) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Yemen (+10.3%), while the other leaders experienced more modest paces of growth.
ExportsMiddle East’s Exports of Refined Olive Oil
In 2024, approx. 36K tons of refined olive oil were exported in the Middle East; waning by -28.1% compared with the previous year’s figure. In general, exports continue to indicate a noticeable contraction. The growth pace was the most rapid in 2022 when exports increased by 659%. As a result, the exports attained the peak of 173K tons. From 2023 to 2024, the growth of the exports remained at a somewhat lower figure.
In value terms, refined olive oil exports fell to $207M in 2024. Over the period under review, exports, however, recorded a mild expansion. The pace of growth was the most pronounced in 2022 when exports increased by 200% against the previous year. Over the period under review, the exports attained the peak figure at $238M in 2023, and then declined in the following year.
Exports By Country
Turkey dominates exports structure, recording 30K tons, which was near 83% of total exports in 2024. Syrian Arab Republic (2K tons) ranks second in terms of the total exports with a 5.5% share, followed by the United Arab Emirates (5.3%) and Lebanon (4.8%).
From 2013 to 2024, average annual rates of growth with regard to refined olive oil exports from Turkey stood at -4.6%. At the same time, the United Arab Emirates (+9.2%) and Syrian Arab Republic (+1.6%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +9.2% from 2013-2024. By contrast, Lebanon (-6.8%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+4 p.p.) and Syrian Arab Republic (+2.6 p.p.) increased significantly in terms of the total exports from 2013-2024, the share of Lebanon (-1.7 p.p.) and Turkey (-5 p.p.) displayed negative dynamics.
In value terms, Turkey ($185M) remains the largest refined olive oil supplier in the Middle East, comprising 89% of total exports. The second position in the ranking was held by Syrian Arab Republic ($8.5M), with a 4.1% share of total exports. It was followed by Lebanon, with a 2.9% share.
From 2013 to 2024, the average annual rate of growth in terms of value in Turkey stood at +1.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Syrian Arab Republic (+9.1% per year) and Lebanon (-5.2% per year).
Export Prices By Country
The export price in the Middle East stood at $5,791 per ton in 2024, with an increase of 21% against the previous year. Over the period under review, the export price continues to indicate a resilient expansion. The growth pace was the most rapid in 2023 when the export price increased by 267%. Over the period under review, the export prices attained the maximum in 2024 and is likely to continue growth in years to come.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($6,231 per ton), while the United Arab Emirates ($1,895 per ton) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Syrian Arab Republic (+7.4%), while the other leaders experienced more modest paces of growth.
Source: IndexBox Market Intelligence Platform
This report provides a comprehensive view of the refined olive oil industry in Middle East, tracking demand, supply, and trade flows across the regional value chain. It explains how demand across key channels and end-use segments shapes consumption patterns, while also mapping the role of input availability, production efficiency, and regulatory standards on supply.
Beyond headline metrics, the study benchmarks prices, margins, and trade routes so you can see where value is created and how it moves between exporters and importers within Middle East. The analysis is designed to support strategic planning, market entry, portfolio prioritization, and risk management in the refined olive oil landscape in Middle East.
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Key findings
Regional demand is shaped by both household and industrial usage, with trade flows linking supply hubs to import-reliant countries.
Pricing dynamics reflect unit values, freight costs, exchange rates, and regulatory shifts that affect sourcing decisions.
Supply depends on input availability and production efficiency, creating distinct cost curves across Middle East.
Market concentration varies by country, creating different competitive landscapes and entry barriers.
The 2035 outlook highlights where capacity investment and demand growth are most aligned within the region.
Report scope
The report combines market sizing with trade intelligence and price analytics for Middle East. It covers both historical performance and the forward outlook to 2035, allowing you to compare cycles, structural shifts, and policy impacts across countries and sub-regions.
Market size and growth in value and volume terms
Consumption structure by end-use segments and countries
Production capacity, output, and cost dynamics
Regional trade flows, exporters, importers, and balances
Price benchmarks, unit values, and margin signals
Competitive context and market entry conditions
Product coverageProdcom 10415310 – Refined olive oil and its fractions (excluding chemically modified)Country coverageCountry profiles and benchmarks
For the regional report, country profiles provide a consistent view of market size, trade balance, prices, and per-capita indicators across Middle East. The profiles highlight the largest consuming and producing markets and allow direct benchmarking across peers.
Methodology
The analysis is built on a multi-source framework that combines official statistics, trade records, company disclosures, and expert validation. Data are standardized, reconciled, and cross-checked to ensure consistency across time series.
International trade data (exports, imports, and mirror statistics)
National production and consumption statistics
Company-level information from financial filings and public releases
Price series and unit value benchmarks
Analyst review, outlier checks, and time-series validation
All data are normalized to a common product definition and mapped to a consistent set of codes. This ensures that comparisons across time are aligned and actionable.
Forecasts to 2035
The forecast horizon extends to 2035 and is based on a structured model that links refined olive oil demand and supply to macroeconomic indicators, trade patterns, and sector-specific drivers. The model captures both cyclical and structural factors and reflects known policy and technology shifts within Middle East.
Historical baseline: 2012-2025
Forecast horizon: 2026-2035
Scenario-based sensitivity to income growth, substitution, and regulation
Capacity and investment outlook for major producing countries
Each country projection is built from its own historical pattern and the regional context, allowing the report to show where growth is concentrated and where risks are elevated.
Price analysis and trade dynamics
Prices are analyzed in detail, including export and import unit values, regional spreads, and changes in trade costs. The report highlights how seasonality, freight rates, exchange rates, and supply disruptions influence pricing and margins.
Price benchmarks by country and sub-region
Export and import unit value trends
Seasonality and calendar effects in trade flows
Price outlook to 2035 under baseline assumptions
Profiles of market participants
Key producers, exporters, and distributors are profiled with a focus on their operational scale, geographic footprint, product mix, and market positioning. This helps identify competitive pressure points, partnership opportunities, and routes to differentiation.
Business focus and production capabilities
Geographic reach and distribution networks
Cost structure and pricing strategy indicators
Compliance, certification, and sustainability context
How to use this report
Quantify regional demand and identify the most attractive country markets
Evaluate export opportunities and prioritize target destinations
Track price dynamics and protect margins
Benchmark performance against regional competitors
Build evidence-based forecasts for investment decisions
This report is designed for manufacturers, distributors, importers, wholesalers, investors, and advisors who need a clear, data-driven picture of refined olive oil dynamics in Middle East.
FAQ
What is included in the refined olive oil market in Middle East?
The market size aggregates consumption and trade data at country and sub-regional levels, presented in both value and volume terms.
How are the forecasts to 2035 built?
The projections combine historical trends with macroeconomic indicators, trade dynamics, and sector-specific drivers.
Does the report cover prices and margins?
Yes, it includes export and import unit values, regional spreads, and a pricing outlook to 2035.
Which countries are profiled in detail?
The report provides profiles for the largest consuming and producing countries in Middle East.
Can this report support market entry decisions?
Yes, it highlights demand hotspots, trade routes, pricing trends, and competitive context.
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