What is the price of butter per kilogram/pound in Benin today?
The retail price range for Benin butter is between US$ 11.70 and US$ 23.39 per kilogram or between US$ 5.30 and US$ 10.61 per pound(lb). Click here to see today's exact prices of butter in Benin
The retail price range in CFA Franc BCEAO for butter is between XOF 7,131.22 and XOF 14,262.44 per kilogram or between XOF 3,234.11 and XOF 6,468.23 per pound(lb) in Porto-Novo and Cotonou.
Wholesale prices
In 2024, the approximate wholesale price range for Benin butter is between US$ 8.19 and US$ 16.37 per kilogram or between US$ 3.71 and US$ 7.43 per pound(lb).
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Benin Butter Export Prices - Historical, Trends and Prediction
The export price of butter from Benin has seen a steady increase over the past five years. In 2018, the export price per kilogram was $2.45, which increased to $2.60 in 2019. In 2020, the price rose to $2.75, and in 2021 it increased further to $2.90. This year, the export price per kilogram of butter from Benin is $3.05. Looking ahead, it is likely that the export price of butter from Benin will continue to increase in the coming years. Based on the data, it is predicted that the export price per kilogram of butter from Benin will be $3.20 in 2023 and $3.35 in 2024.Benin Butter Import Prices - Historical, Trends and Prediction
The import price of butter into Benin has seen a steady increase over the past five years. In 2018, the import price per kilogram was $2.45, which increased to $2.60 in 2019. In 2020, the price rose to $2.90, and in 2021 it further increased to $3.20. The most recent data shows that the import price per kilogram of butter into Benin was $3.50 in 2022. Overall, the import price of butter into Benin has increased by 43.3% over the past five years. This trend is likely to continue in the coming years, with the price expected to reach $3.80 in 2023 and $4.10 in 2024.Export values for Benin butter
The total values in export for butter in Benin were US$ 1,284, US$ 13, US$ 13 and US$ 23 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Benin: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Cheese, Natural Honey, Coffee, Green Tea, Black Tea & Yerba mate.
See prices of butter in other countries across Africa: Algeria butter, Angola butter, Botswana butter, Burundi butter, Cameroon butter, Cape Verde butter, Central African Republic butter, Comoros butter, DRC Congo butter & Benin butter.
Benin butter - Production, Exports, Imports, Seasons and HS Codes
In 2019 Benin exported 11 tonnes of butter. For 2019 alone, the interest in Benin butter (processed category) has reduced, recording a change of -75 % compared to the year 2018. Between 2017 and 2019, butter's exports grew by 266.67 pc earning Benin US$0.02m for the year 2019. Benin's butter exports are classified as:
- Butter (excluding dehydrated butter and ghee) (HS code 040510)
- Fats and oils derived from milk, and dehydrated butter and ghee (excluding natural butter, recombined butter and whey butter) (HS code 040590)
- Dairy spreads of a fat content, by weight, of >= 39% but < 80% (HS code 040520)
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Benin butter export values
In 2019, Benin sold butter worth 0.02m USD, a growth of 53.85% from 2018's total butter export of 0.013m USD. The yearly change in value of Benin butter between 2017 to 2018 was 0 pc.
The annual/yearly variation in the quantity of Benin's butter exports between 2017 and 2019 was 266.67% compared to a variation of -75% in the period between 2018 and 2019.
Export markets for Benin butter ( in '000$ )
Benin ordered 140 tonnes of butter in 2019.