Retail Intelligence Mini Report: Oil Feb-25

Grapeseed Oil Palm Kernel Oil Maize (Corn) Oil Refined Sunflower Oil Refined Soybean Oil Sesame Oil Safflower Oil Crude Canola Oil & Rapeseed Oil Peanut Oil RBD Palm Oil Olive Oil Flax Seed Oil Avocado Oil Oil & Fats Australia

Trade4go

Mar 6th, 2025

Market Trends: The average price per unit (100 milliliters) of oil across the ten countries analyzed is USD 2.6. Mexico boasts the highest average price per unit at USD 4.78/100ml, considerably exceeding the average price across all countries. This is closely followed by Japan and the US at USD 4.65/100ml and USD 4.54/100ml respectively, also far exceeding the average price. The price per unit of oil in China, Germany, and Italy clusters around the average with prices ranging between USD 2.4 and USD 3 among these countries. Lastly, South Korea exhibits the lowest average price, at just USD 0.73/100ml, followed by the UK, France and Australia with prices ranging between USD 1 and USD 1.2. Noteworthy Products: In Germany, the Foodin MCT Coconut Oil C8 500ml stands out. It is a medium-chain triglyceride (MCT) coconut oil which consists of medium-chain fatty acids, which are easier for the body to digest and absorb, making it ideal for health-conscious consumers, especially those on a ketogenic diet. Industry News: According to a Food Navigator report quoting leading Italian supplier Filippo Berio, olive oil prices on supermarket shelves are expected to start coming down over the next three months. According to Filippo Berio’s UK managing director, Spain–which supplies around 50% of global olive oil–produced an olive crop of 1.4 million metric tons (mmt) in 2024, a higher volume than average crop for the country and more than double the crop in 2022/23. The oil from this crop has entered the market and with higher supply volumes prices have already come down in the supply chain. These price decreases are expected to be passed on to consumers in the coming months.