What is the price of butter per kilogram/pound in Somalia today?
The retail price range for Somalia butter is between US$ 3.21 and US$ 6.70 per kilogram or between US$ 1.45 and US$ 3.04 per pound(lb). Click here to see today's exact prices of butter in Somalia
The retail price range in Somali Shilling for butter is between SOS 1,831.97 and SOS 3,830.49 per kilogram or between SOS 830.83 and SOS 1,737.18 per pound(lb) in Mogadishu and Kismayo.
Wholesale prices
In 2024, the approximate wholesale price range for Somalia butter is between US$ 2.24 and US$ 4.69 per kilogram or between US$ 1.02 and US$ 2.13 per pound(lb).
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Somalia Butter Export Prices - Historical, Trends and Prediction
The export price per kilogram of Butter from Somalia over the last five years has seen a significant decrease. In 2012, the price was 2.16 US dollars per kg, but by 2021, it had dropped to 0.00 US dollars per kg. In 2013, the price was 0.33 US dollars per kg, and in 2014, it was 0.55 US dollars per kg. In 2015, the price was 0.38 US dollars per kg, and in 2016, it was 10.33 US dollars per kg. The price then dropped to 2.70 US dollars per kg in 2017, and 4.50 US dollars per kg in 2018. In 2019, the price was 1.17 US dollars per kg, and in 2020, it was 0.59 US dollars per kg. Based on this data, it is likely that the export price per kilogram of Butter from Somalia will remain low in the next two years, with an estimated price of 0.50 US dollars per kg in 2023 and 0.30 US dollars per kg in 2024.Somalia Butter Import Prices - Historical, Trends and Prediction
The import price per kilogram of Butter into Somalia over the last five years has been quite varied. In 2016, the price was at its highest at 10.33 US $ per kg, before dropping to 2.7 US $ per kg in 2017. The price then increased to 4.5 US $ per kg in 2018, before dropping to 1.17 US $ per kg in 2019. In 2020, the price dropped to its lowest at 0.59 US $ per kg, before increasing slightly to 0.0 US $ per kg in 2021. Looking ahead, it is likely that the import price per kilogram of Butter into Somalia will remain relatively low in the next two years. We predict that the price will remain at 0.0 US $ per kg in 2023, before increasing slightly to 0.59 US $ per kg in 2024.Export values for Somalia butter
The total values in export for butter in Somalia were US$ 6, US$ 31 and US$ 27 in US dollar thousand for the years 2016, 2017 and 2018 in that order.
Prices of other produce in the Processed category in Somalia: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Cheese, Natural Honey, Coffee, Green Tea, Black Tea & Yerba mate.
See prices of butter in other countries across Africa: Algeria butter, Angola butter, Botswana butter, Burundi butter, Cameroon butter, Cape Verde butter, Central African Republic butter, Comoros butter, DRC Congo butter & Benin butter.
Somalia butter - Production, Exports, Imports, Seasons and HS Codes
In 2019 Somalia exported small quantities of butter. Across 2019 alone, the interest in Somalia butter (processed category) has , recording a change of percent compared to the year 2018. Between 2017 and 2019, butter's exports reduced by -100 pc earning the nation US$0.00m for the year 2019. Somalia's butter exports are classified as:
- Dairy spreads of a fat content, by weight, of >= 39% but < 80% (HS code 040520)
- Fats and oils derived from milk, and dehydrated butter and ghee (excluding natural butter, recombined butter and whey butter) (HS code 040590)
- Butter (excluding dehydrated butter and ghee) (HS code 040510)
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Somalia butter export values
In 2019, Somalia supplied butter worth 0.00m USD, a decrease of -100.00% from 2018's total butter export of 0.027m USD. The annual reduction in value of Somalia butter between 2017 to 2018 was -12.903 percent.
The per year variation in the quantity of Somalia's butter exports between 2017 and 2019 was -100 pc between 2018 and 2019.
Export markets for Somalia butter ( in '000$ )
Somalia brought in 62 tonnes of butter in 2019.