What is the price of butter per kilogram/pound in Armenia today?
The retail price range for Armenia butter is between US$ 4.16 and US$ 10.39 per kilogram or between US$ 1.88 and US$ 4.71 per pound(lb). Click here to see today's exact prices of butter in Armenia
The retail price range in Armenian Dram for butter is between AMD 1,604.76 and AMD 4,011.89 per kilogram or between AMD 727.78 and AMD 1,819.45 per pound(lb) in Yerevan and Gyumri.
Wholesale prices
In 2024, the approximate wholesale price range for Armenia butter is between US$ 2.91 and US$ 7.27 per kilogram or between US$ 1.32 and US$ 3.30 per pound(lb).
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Armenia Butter Export Prices - Historical, Trends and Prediction
The export price per kilogram of Butter from Armenia over the last five years has seen a steady decline. In 2013, the price was 5.58 US dollars per kg, which dropped to 4.55 US dollars per kg in 2014. In 2015, the price dropped further to 2.28 US dollars per kg. However, the price has been on the rise since then, reaching 4.44 US dollars per kg in 2017, 5.25 US dollars per kg in 2018, and 5.4 US dollars per kg in 2019. The price dropped slightly in 2020 to 4.76 US dollars per kg, and then again in 2021 to 4.78 US dollars per kg. Based on this trend, it is likely that the export price per kilogram of Butter from Armenia will remain relatively stable in the next two years, with an estimated price of 4.80 US dollars per kg in 2023 and 4.82 US dollars per kg in 2024.Armenia Butter Import Prices - Historical, Trends and Prediction
The import price per kilogram of Butter into Armenia over the last five years has been quite volatile. In 2013, the price was 5.58 US dollars per kg, which dropped to 4.55 US dollars per kg in 2014. This was followed by a significant decrease in 2015, when the price dropped to 2.28 US dollars per kg. However, the price rose again in 2017 to 4.44 US dollars per kg, and then increased further to 5.25 US dollars per kg in 2018. The price remained relatively stable in 2019, at 5.4 US dollars per kg, before dropping to 4.76 US dollars per kg in 2020. The price has since remained steady at 4.78 US dollars per kg in 2021. Based on this data, it is likely that the import price per kilogram of Butter into Armenia will remain relatively stable in the next two years. We predict that the price will remain at 4.78 US dollars per kg in 2023 and 2024.Export values for Armenia butter
The total values in export for butter in Armenia were US$ 40, US$ 84 and US$ 486 in US dollar thousand for the years 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Armenia: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Cheese, Natural Honey, Coffee, Green Tea, Black Tea & Yerba mate.
See prices of butter in other countries across Asia: Kazakhstan butter, Kyrgyzstan butter, Tajikistan butter, Turkmenistan butter, Uzbekistan butter, China butter, Hong Kong butter, Macao butter, North Korea butter & Mongolia butter.
Armenia butter - Production, Exports, Imports, Seasons and HS Codes
In 2019 Armenia exported 90 tonnes of butter. For the year 2019 alone, the demand for Armenia butter (processed category) has increased, recording a change of 462.5 % compared to the year 2018. Between 2017 and 2019, butter's exports increased by 900 pc earning the country US$0.49m for the year 2019. Armenia's butter exports are categorised as:
- Butter (excluding dehydrated butter and ghee) (HS code 040510)
- Fats and oils derived from milk, and dehydrated butter and ghee (excluding natural butter, recombined butter and whey butter) (HS code 040590)
- Dairy spreads of a fat content, by weight, of >= 39% but < 80% (HS code 040520)
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Armenia butter export values
In 2019, Armenia shipped butter valued at 0.49m USD, a growth of 483.33% from 2018's total butter export of 0.084m USD. The yearly change in value of Armenia butter between 2017 to 2018 was 110%.
The annual variation in the volume of Armenia's butter exports between 2017 and 2019 was 900 percent in comparison to a variation of 462.5% in the period between 2018 and 2019.
Export markets for Armenia butter ( in '000$ )
Armenia brought in 3,626 tonnes of butter in 2019.