What is the price of margarine per kilogram/pound in Cyprus today?
The retail price range for Cyprus margarine is between US$ 0.19 and US$ 0.31 per kilogram or between US$ 0.09 and US$ 0.14 per pound(lb). Click here to see today's exact prices of margarine in Cyprus
The retail price range in Euro for margarine is between EUR 0.18 and EUR 0.28 per kilogram or between EUR 0.08 and EUR 0.13 per pound(lb) in Nicosia and Larnaca.
Wholesale prices
In 2024, the approximate wholesale price range for Cyprus margarine is between US$ 0.13 and US$ 0.21 per kilogram or between US$ 0.06 and US$ 0.10 per pound(lb).
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Cyprus Margarine Export Prices - Historical, Trends and Prediction
The export price per kilogram of Margarine from Cyprus over the last five years has been relatively stable. In 2017, the price was 1.94 US$ per kg, followed by 2.00 US$ per kg in 2018. In 2019, the price dropped to 1.78 US$ per kg, and remained at the same level in 2020. In 2021, the price increased to 2.12 US$ per kg, and then further increased to 2.71 US$ per kg in 2022. Based on this trend, it is predicted that the export price per kilogram of Margarine from Cyprus in 2023 will be around 2.90 US$ per kg, and in 2024 it will be around 3.09 US$ per kg.The exports of margarine from Cyprus are categorised as:
- Margarine (excluding liquid) (HS code 151710)
Cyprus Margarine Import Prices - Historical, Trends and Prediction
The import price per kilogram of Margarine into Cyprus over the last five years has been relatively stable. In 2017, the price was 1.94 US$ per kg, followed by 2.00 US$ per kg in 2018. In 2019, the price dropped to 1.78 US$ per kg, and remained at the same level in 2020. In 2021, the price increased to 2.12 US$ per kg, and then further increased to 2.71 US$ per kg in 2022. Based on the trend of the last five years, it is likely that the import price per kilogram of Margarine into Cyprus will remain relatively stable in 2023 and 2024. We can predict that the price in 2023 will be around 2.12 US$ per kg, and the price in 2024 will be around 2.71 US$ per kg.Export values for Cyprus margarine
The total values in export for margarine in Cyprus were US$ 647, US$ 712, US$ 706 and US$ 1,563 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Cyprus: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of margarine in other countries across Middle East: Bahrain margarine, Cyprus margarine, Iraq margarine, Israel margarine, Jordan margarine, Kuwait margarine, Lebanon margarine, Palestine margarine, Oman margarine & Qatar margarine.
Cyprus margarine - Production, Exports, Imports, Seasons and HS Codes
The amount of margarine sold by Cyprus in 2020 was 1,741 metric tons. In 2019 Cyprus shipped 878 tonnes of margarine. Across 2019 alone, the market for Cyprus margarine (processed category) has improved, with a change of 148.725 pc compared to the year 2018. Between 2017 and 2019, margarine's exports increased by 139.24% earning the nation US$1.56m for the year 2019. Cyprus' margarine exports are categorised as:
- Margarine (excluding liquid) (HS code 151710)
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Cyprus margarine export values
In 2019, Cyprus exported margarine costing 1.56m USD, a surge of 120.96% from 2018's total margarine export of 0.706m USD. The annual increase in value of Cyprus margarine between 2017 to 2018 was -0.84269663 percent.
The per year change in the quantity of Cyprus' margarine exports between 2017 and 2019 was 139.24 per cent when compared to a variation of 148.725% in the growth rate between 2018 and 2019.
Cyprus' portion of the world's total margarine's exports in 2019 was less than 1%. Cyprus is ranked number 91 in world exports of margarine.
Export markets for Cyprus margarine ( in '000$ )
Cyprus' leading destinations for margarine are United Arab Emirates (UAE), the Netherlands, Germany, Belgium and Poland.
Import/Export Trends
Cyprus is a net importer of margarine. The annual growth of Cyprus margarine in value between 2015 to 2019 was 32%, per annum, while annual growth in quantity through the same period was 30%, per annum.
Cyprus imported 1,633 tonnes of margarine in 2019.