What is the price of milk & cream per kilogram/pound in Iceland today?
The retail price range for Iceland milk & cream is between US$ 0.49 and US$ 0.73 per kilogram or between US$ 0.22 and US$ 0.33 per pound(lb). Click here to see today's exact prices of milk & cream in Iceland
The retail price range in Iceland Krona for milk & cream is between ISK 68.02 and ISK 102.03 per kilogram or between ISK 30.85 and ISK 46.27 per pound(lb) in Reykjavík and Akureyri.
Wholesale prices
In 2024, the approximate wholesale price range for Iceland milk & cream is between US$ 0.34 and US$ 0.51 per kilogram or between US$ 0.15 and US$ 0.23 per pound(lb).
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Prices of other produce in the Processed category in Iceland: Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea, Black Tea & Yerba mate.
See prices of milk & cream in other countries across Europe: Georgia milk & cream, Albania milk & cream, Belarus milk & cream, Bosnia and Herzegovina milk & cream, Bulgaria milk & cream, Croatia milk & cream, Czech Republic milk & cream, Estonia milk & cream, Greece milk & cream & Hungary milk & cream.
Iceland milk & cream - Production, Exports, Imports, Seasons and HS Codes
The volume of milk & cream shipped by Iceland in 2020 was 638 metric tonnes. In 2019 Iceland shipped 358 tonnes of milk & cream. In 2019 alone, the interest in Iceland milk & cream (processed category) has decreased, with a change of -28.257 pc compared to the year 2018. Between 2017 and 2019, milk & cream's exports went up by 69.67% netting the country US$0.79m for the year 2019. Iceland's milk & cream exports are classified as:
- Milk and cream of a fat content by weight of > 1% but <= 6%, not concentrated nor containing added sugar or other sweetening matter (HS code 040120)
- Milk and cream in solid forms, of a fat content by weight of > 1,5%, unsweetened (HS code 040221)
- Milk and cream of a fat content by weight of > 10%, not concentrated nor containing added sugar or other sweetening matter (HS code 040150)
- Milk and cream of a fat content by weight of > 6%, not concentrated nor containing added sugar or other sweetening matter (HS code 040130)
- Products consisting of natural milk constituents, whether or not sweetened, n.e.s. (HS code 040490)
- Milk and cream of a fat content by weight of <= 1%, not concentrated nor containing added sugar or other sweetening matter (HS code 040110)
- Milk and cream of a fat content by weight of > 6% but <= 10%, not concentrated nor containing added sugar or other sweetening matter (HS code 040140)
- Milk and cream, concentrated and sweetened (excluding in solid forms) (HS code 040299)
- Milk and cream in solid forms, of a fat content by weight of <= 1,5% (HS code 040210)
- Milk and cream in solid forms, of a fat content by weight of > 1,5%, sweetened (HS code 040229)
- Milk and cream, concentrated but unsweetened (excluding in solid forms) (HS code 040291)
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Iceland milk & cream export values
In 2019, Iceland sold milk & cream worth 0.79m USD, a reduction of -8.67% from 2018's total milk & cream export of 0.865m USD. The annual reduction in value of Iceland milk & cream between 2017 to 2018 was 101.632 pc.
The annual/yearly variation in the volume of Iceland's milk & cream exports between 2017 and 2019 was 69.67 per cent when compared to a variation of -28.257% in the growth rate between 2018 and 2019.
Iceland's stake of the world's total milk & cream's exports in 2019 was 11.5 percent. The country holds number 4 in world exports of milk & cream.
Export markets for Iceland milk & cream ( in '000$ )
Iceland's best performing destinations for milk & cream are Switzerland, US, United Kingdom (UK), the Netherlands and Germany.
Import/Export Trends
Iceland is a net exporter of milk & cream. The annual growth of Iceland milk & cream in value between 2015 to 2019 was 23%, per annum, while annual growth in quantity during the same period was 12%, per annum.
Iceland ordered 126 tonnes of milk & cream in 2019.