What is the price of butter per kilogram/pound in Turkey today?
The retail price range for Turkey butter is between US$ 3.99 and US$ 7.64 per kilogram or between US$ 1.81 and US$ 3.47 per pound(lb). Click here to see today's exact prices of butter in Turkey
The retail price range in Turkish Lira for butter is between TRY 79.01 and TRY 151.40 per kilogram or between TRY 35.83 and TRY 68.66 per pound(lb) in Ankara and Istanbul.
Wholesale prices
In 2024, the approximate wholesale price range for Turkey butter is between US$ 2.79 and US$ 5.35 per kilogram or between US$ 1.27 and US$ 2.43 per pound(lb).
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Turkey Butter Export Prices - Historical, Trends and Prediction
The export price per kilogram of Butter from Turkey over the last five years has seen a steady decline. In 2017, the price was 5.78 US dollars per kg, followed by 6.61 US dollars per kg in 2018. In 2019, the price dropped to 5.17 US dollars per kg and further decreased to 4.36 US dollars per kg in 2020. The price then increased slightly to 5.04 US dollars per kg in 2021 and 5.38 US dollars per kg in 2022. Based on this trend, it is predicted that the export price per kilogram of Butter from Turkey in 2023 will be around 4.90 US dollars per kg and 4.75 US dollars per kg in 2024.Turkey Butter Import Prices - Historical, Trends and Prediction
The import price per kilogram of Butter into Turkey over the last five years has been quite volatile. In 2016, the price was 6.08 US dollars per kg, which was the highest in the five year period. This was followed by a decrease in 2017 to 5.78 US dollars per kg. In 2018, the price increased to 6.61 US dollars per kg, before dropping to 5.17 US dollars per kg in 2019. The lowest price in the five year period was recorded in 2020, at 4.36 US dollars per kg. The price then increased to 5.04 US dollars per kg in 2021, before rising again to 5.38 US dollars per kg in 2022. Based on this trend, it is predicted that the import price per kilogram of Butter into Turkey in 2023 will be 5.72 US dollars per kg, and in 2024 it will be 6.06 US dollars per kg.Export values for Turkey butter
The total values in export for butter in Turkey were US$ 2,037, US$ 6,746, US$ 3,580 and US$ 4,127 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Turkey: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Cheese, Natural Honey, Coffee, Green Tea, Black Tea & Yerba mate.
See prices of butter in other countries across Middle East: Bahrain butter, Cyprus butter, Iraq butter, Israel butter, Jordan butter, Kuwait butter, Lebanon butter, Palestine butter, Oman butter & Qatar butter.
Turkey butter - Production, Exports, Imports, Seasons and HS Codes
The volume of butter shipped by Turkey in 2020 was 3,356 tonnes. In 2019 Turkey exported 693 tonnes of butter. Through 2019 alone, the interest in Turkey butter (processed category) has improved, changing by 27.86 percent compared to the year 2018. Between 2017 and 2019, butter's exports reduced by -40.62% bringing the country US$4.13m for the year 2019. Turkey's butter exports are classified as:
- Fats and oils derived from milk, and dehydrated butter and ghee (excluding natural butter, recombined butter and whey butter) (HS code 040590)
- Dairy spreads of a fat content, by weight, of >= 39% but < 80% (HS code 040520)
- Butter (excluding dehydrated butter and ghee) (HS code 040510)
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Turkey butter export values
In 2019, Turkey shipped butter costing 4.13m USD, a growth of 15.36% from 2018's total butter export of 3.58m USD. The yearly growth in value of Turkey butter between 2017 to 2018 was -46.932 percent.
The per year change in the quantity of Turkey's butter exports between 2017 and 2019 was -40.62 percent compared to a variation of 27.86% in the period between 2018 and 2019.
Export markets for Turkey butter ( in '000$ )
Turkey ordered 10,197 tonnes of butter in 2019.