What is the price of butter per kilogram/pound in Philippines today?
The retail price range for Philippines butter is between US$ 5.48 and US$ 11.92 per kilogram or between US$ 2.49 and US$ 5.40 per pound(lb). Click here to see today's exact prices of butter in Philippines
The retail price range in Philippine peso for butter is between PHP 305.11 and PHP 663.13 per kilogram or between PHP 138.37 and PHP 300.74 per pound(lb) in Manila and Quezon.
Wholesale prices
In 2024, the approximate wholesale price range for Philippines butter is between US$ 3.84 and US$ 8.34 per kilogram or between US$ 1.74 and US$ 3.78 per pound(lb).
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Philippines Butter Export Prices - Historical, Trends and Prediction
The export price per kilogram of Butter from Philippines over the last five years has seen a steady increase. In 2016, the price was 2.13 US $ per kg, and in 2021, it was 3.78 US $ per kg. The highest price was recorded in 2019, when it was 4.43 US $ per kg. The price in 2020 was 4.25 US $ per kg, and in 2021, it was 3.78 US $ per kg. Based on the current trend, it is predicted that the export price per kilogram of Butter from Philippines in 2023 will be 4.45 US $ per kg, and in 2024, it will be 4.68 US $ per kg.Philippines Butter Import Prices - Historical, Trends and Prediction
The import price per kilogram of Butter into Philippines over the last five years has been quite volatile. In 2016, the price was 2.13 US$ per kg, which was a slight increase from the previous year. In 2017, the price rose to 3.90 US$ per kg, a significant increase of 83.2%. This was followed by a slight decrease in 2018 to 4.03 US$ per kg. In 2019, the price rose again to 4.43 US$ per kg, an increase of 9.7%. The price then decreased in 2020 to 4.25 US$ per kg, a decrease of 4.1%. Finally, in 2021, the price decreased again to 3.78 US$ per kg, a decrease of 11.2%. Based on the data, it is predicted that the import price per kilogram of Butter into Philippines in 2023 will be 3.90 US$ per kg and in 2024 will be 4.03 US$ per kg.Export values for Philippines butter
The total values in export for butter in the Philippines were US$ 209, US$ 203, US$ 632 and US$ 1,550 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Philippines: 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.
Philippines butter - Production, Exports, Imports, Seasons and HS Codes
The amount of butter sold by the Philippines in 2020 was 302 tons. In 2019 The Philippines shipped 350 tonnes of butter. For the year 2019 alone, the demand for the Philippines butter (processed category) has gone up, recording a change of 122.93 per cent compared to the year 2018. Between 2017 and 2019, butter's exports grew by 573.08% bringing the exporter US$1.55m for the year 2019. the Philippiness' butter exports are categorised as:
- Fats and oils derived from milk, and dehydrated butter and ghee (excluding natural butter, recombined butter and whey butter) (HS code 040590)
- Dairy spreads of a fat content, by weight, of >= 39% but < 80% (HS code 040520)
- Butter (excluding dehydrated butter and ghee) (HS code 040510)
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Philippines butter export values
In 2019, the Philippines supplied butter worth 1.55m USD, an improvement of 145.25% from 2018's total butter export of 0.632m USD. The yearly growth in value of the Philippines butter between 2017 to 2018 was 211.33 per cent.
The per year change in the volume of the Philippiness' butter exports between 2017 and 2019 was 573.08% in comparison to a variation of 122.93% in the period between 2018 and 2019.
the Philippiness' stake of the world's total butter's exports in 2019 was less than 1%. the Philippines is ranked number 43 in world exports of butter.
Export markets for Philippines butter ( in '000$ )
the Philippines bought 37,160 tonnes of butter in 2019.