What is the price of butter per kilogram/pound in New Zealand today?
The retail price range for New Zealand butter is between US$ 6.06 and US$ 7.63 per kilogram or between US$ 2.75 and US$ 3.46 per pound(lb). Click here to see today's exact prices of butter in New Zealand
The retail price range in New Zealand Dollar for butter is between NZD 9.63 and NZD 12.14 per kilogram or between NZD 4.37 and NZD 5.50 per pound(lb) in Wellington and Auckland.
Wholesale prices
In 2024, the approximate wholesale price range for New Zealand butter is between US$ 4.24 and US$ 5.34 per kilogram or between US$ 1.92 and US$ 2.42 per pound(lb).
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New Zealand Butter Export Prices - Historical, Trends and Prediction
The export price per kilogram of butter from New Zealand over the last five years has been relatively stable. In 2017, the price was 5.18 US dollars per kilogram, followed by 5.4 US dollars in 2018. In 2019, the price dropped to 4.71 US dollars per kilogram, and then further decreased to 4.22 US dollars in 2020. In 2021, the price increased to 4.82 US dollars per kilogram, and then rose to 5.9 US dollars in 2022. Based on this trend, it is predicted that the export price per kilogram of butter from New Zealand in 2023 will be around 6.2 US dollars, and in 2024 it will be around 6.4 US dollars.New Zealand Butter Import Prices - Historical, Trends and Prediction
The import price per kilogram of Butter into New Zealand over the last five years has been quite volatile. In 2016, the price was 3.23 US dollars per kg, which increased to 5.18 US dollars per kg in 2017. This was followed by a slight increase to 5.4 US dollars per kg in 2018. However, the price dropped to 4.71 US dollars per kg in 2019 and further decreased to 4.22 US dollars per kg in 2020. The price has since recovered to 4.82 US dollars per kg in 2021. The latest data shows that the import price per kilogram of Butter into New Zealand is 5.9 US dollars. Based on the current trend, it is expected that the import price per kilogram of Butter into New Zealand will continue to increase in the coming years. We predict that the import price per kilogram of Butter into New Zealand will be 6.20 US dollars in 2023 and 6.50 US dollars in 2024.Export values for New Zealand butter
The total values in export for butter in New Zealand were US$ 1,712,305, US$ 2,380,509, US$ 2,612,026 and US$ 2,303,023 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in New Zealand: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Cheese, Natural Honey, Coffee, Green Tea, Black Tea & Yerba mate.
See prices of butter in other countries across Oceania: Fiji butter, French Polynesia butter, Guam butter, Micronesia butter, New Caledonia butter, Papua New Guinea butter, Samoa butter, Solomon Islands butter, Tonga butter & Vanuatu butter.
New Zealand butter - Production, Exports, Imports, Seasons and HS Codes
The amount of butter exported by New Zealand in 2020 was 449,031 metric tons. In 2019 New Zealand sold 489,443 tonnes of butter. For the year 2019 alone, the market for New Zealand butter (processed category) has surged, recording a change of 1.112 % compared to the year 2018. Between 2017 and 2019, butter's exports increased by 6.43 percent bringing the nation US$2,303.02m for the year 2019. New Zealand's butter exports are classified as:
- Dairy spreads of a fat content, by weight, of >= 39% but < 80% (HS code 040520)
- Butter (excluding dehydrated butter and ghee) (HS code 040510)
- Fats and oils derived from milk, and dehydrated butter and ghee (excluding natural butter, recombined butter and whey butter) (HS code 040590)
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New Zealand butter export values
In 2019, New Zealand sold butter worth 2,303.02m USD, a drop of -11.83% from 2018's total butter export of 2612.026m USD. The yearly reduction in value of New Zealand butter between 2017 to 2018 was 9.726 percent.
The annual variation in the amount of New Zealand's butter exports between 2017 and 2019 was 6.43 pc compared to a variation of 1.112% in the period between 2018 and 2019.
New Zealand's stake of the world's total butter's exports in 2019 was less than 1%. New Zealand holds position 28 in world exports of butter.
Export markets for New Zealand butter ( in '000$ )
Import/Export Trends
New Zealand is a net importer of butter. The annual growth of New Zealand butter in value between 2015 to 2019 was 32%, per annum, while annual growth in quantity for the same period was 10%, per annum.
New Zealand purchased 1,038 tonnes of butter in 2019.