What is the price of butter per kilogram/pound in Singapore today?
The retail price range for Singapore butter is between US$ 2.55 and US$ 5.79 per kilogram or between US$ 1.16 and US$ 2.63 per pound(lb). Click here to see today's exact prices of butter in Singapore
The retail price range in Singapore Dollar for butter is between SGD 3.43 and SGD 7.78 per kilogram or between SGD 1.56 and SGD 3.53 per pound(lb) in Singapore and Bishan.
Wholesale prices
In 2024, the approximate wholesale price range for Singapore butter is between US$ 1.79 and US$ 4.05 per kilogram or between US$ 0.81 and US$ 1.84 per pound(lb).
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Singapore Butter Export Prices - Historical, Trends and Prediction
The export price per kilogram of Butter from Singapore has seen a steady increase over the last five years. In 2017, the price was 4.95 US dollars per kilogram, and in 2021, it was 5.54 US dollars per kilogram. This represents an increase of 12.3% over the five-year period. The highest price was in 2018, when it was 6.57 US dollars per kilogram. The lowest price was in 2015, when it was 3.54 US dollars per kilogram. Based on this trend, it is predicted that the export price per kilogram of Butter from Singapore will be 5.77 US dollars in 2023 and 5.99 US dollars in 2024.Singapore Butter Import Prices - Historical, Trends and Prediction
The import price per kilogram of Butter into Singapore over the last five years has been quite volatile. In 2017, the price was 4.95 US dollars per kg, which was the highest in the five year period. This was followed by a sharp decline in 2018 to 6.57 US dollars per kg. In 2019, the price dropped further to 5.76 US dollars per kg, before rising slightly to 5.43 US dollars per kg in 2020. The price then increased again in 2021 to 5.54 US dollars per kg. Based on this trend, it is likely that the import price per kilogram of Butter into Singapore will continue to rise in the next two years, with an estimated price of 5.75 US dollars per kg in 2023 and 5.90 US dollars per kg in 2024.Export values for Singapore butter
The total values in export for butter in Singapore were US$ 19,078, US$ 12,911, US$ 14,220 and US$ 15,079 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Singapore: 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.
Singapore butter - Production, Exports, Imports, Seasons and HS Codes
The amount of butter exported by Singapore in 2020 was 1,654 tonnes. In 2019 Singapore exported 2,616 tonnes of butter. Across 2019 alone, the interest in Singapore butter (processed category) has increased, with a change of 20.943 pc compared to the year 2018. Between 2017 and 2019, butter's exports increased by 0.35 percent bringing the country US$15.08m for the year 2019. Singapore's butter exports are categorised as:
- Fats and oils derived from milk, and dehydrated butter and ghee (excluding natural butter, recombined butter and whey butter) (HS code 040590)
- Dairy spreads of a fat content, by weight, of >= 39% but < 80% (HS code 040520)
- Butter (excluding dehydrated butter and ghee) (HS code 040510)
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Singapore butter export values
In 2019, Singapore supplied butter valued at 15.08m USD, an improvement of 6.05% from 2018's total butter export of 14.22m USD. The annual growth in value of Singapore butter between 2017 to 2018 was 10.139 pc.
The annual variation in the amount of Singapore's butter exports between 2017 and 2019 was 0.35 pc in comparison to a variation of 20.943% in the period between 2018 and 2019.
Export markets for Singapore butter ( in '000$ )
Singapore bought 18,963 tonnes of butter in 2019.