What is the price of butter per kilogram/pound in Vietnam today?
The retail price range for Vietnam butter is between US$ 2.47 and US$ 5.44 per kilogram or between US$ 1.12 and US$ 2.47 per pound(lb). Click here to see today's exact prices of butter in Vietnam
The retail price range in Dong for butter is between VND 61,812.50 and VND 135,987.50 per kilogram or between VND 28,032.88 and VND 61,672.34 per pound(lb) in Hanoi and Ho Chi Minh City.
Wholesale prices
In 2024, the approximate wholesale price range for Vietnam butter is between US$ 1.73 and US$ 3.81 per kilogram or between US$ 0.78 and US$ 1.73 per pound(lb).
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Vietnam Butter Export Prices - Historical, Trends and Prediction
The export price per kilogram of Butter from Vietnam over the last five years has been quite volatile. In 2013, the price was 4.85 US dollars per kg, which increased to 4.92 US dollars per kg in 2014. In 2015, the price jumped to 5.6 US dollars per kg, before dropping to 4.22 US dollars per kg in 2016. In 2017, the price rose again to 6.55 US dollars per kg, before reaching its peak of 7.37 US dollars per kg in 2018. In 2019, the price dropped to 6.05 US dollars per kg, and in 2020, it decreased further to 5.08 US dollars per kg. Based on this data, it is predicted that the export price per kilogram of Butter from Vietnam in 2023 will be 6.45 US dollars per kg, and in 2024, it will be 5.85 US dollars per kg.Vietnam Butter Import Prices - Historical, Trends and Prediction
The import price per kilogram of Butter into Vietnam over the last five years has been quite volatile. In 2016, the price was 4.22 US dollars per kg, which was the lowest in the last five years. This was followed by a sharp increase in 2017, when the price rose to 6.55 US dollars per kg. The price then dropped to 6.05 US dollars per kg in 2019, before falling further to 5.08 US dollars per kg in 2020. Based on the data, it is likely that the import price per kilogram of Butter into Vietnam will remain relatively stable in the next few years. We predict that the price will be around 5.50 US dollars per kg in 2023 and 5.75 US dollars per kg in 2024.Export values for Vietnam butter
The total values in export for butter in Vietnam were US$ 325, US$ 1,251, US$ 1,209 and US$ 363 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Vietnam: 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.
Vietnam butter - Production, Exports, Imports, Seasons and HS Codes
In 2019 Vietnam shipped 60 tonnes of butter. In 2019 alone, the market for Vietnam butter (processed category) has decreased, with a change of -63.415 per cent compared to the year 2018. Between 2017 and 2019, butter's exports decreased by -68.59 pc netting the country US$0.36m for the year 2019. Vietnam's butter exports are categorised as:
- Fats and oils derived from milk, and dehydrated butter and ghee (excluding natural butter, recombined butter and whey butter) (HS code 040590)
- Butter (excluding dehydrated butter and ghee) (HS code 040510)
- Dairy spreads of a fat content, by weight, of >= 39% but < 80% (HS code 040520)
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Vietnam butter export values
In 2019, Vietnam supplied butter with a value of 0.36m USD, a decrease of -70.22% from 2018's total butter export of 1.209m USD. The yearly reduction in value of Vietnam butter between 2017 to 2018 was -3.357 per cent.
The yearly change in the volume of Vietnam's butter exports between 2017 and 2019 was -68.59 percent when compared to a variation of -63.415% in the growth rate between 2018 and 2019.
Export markets for Vietnam butter ( in '000$ )
Vietnam imported 17,422 tonnes of butter in 2019.