What is the price of butter in Iceland?

As of January 2025, butter in Iceland is US$ 7.50 per kg (1,051 ISK), sourced from UN Comtrade (unit value).

What is Iceland's world rank in butter exports?

Iceland ranks 69th among 109 butter exporters.

How much butter did Iceland export in 2024?

Iceland exported 73 tonnes of butter in 2024.

What was Iceland's butter production in 2023?

Iceland produced 2,497 tonnes of butter in 2023.

Butter Price in Iceland - June 2026 Market Prices (Updated Monthly)

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Current Butter Prices in Iceland
Butter Price History & Trend
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Butter Prices in Iceland

US$ 7.50 / kg

1,051 ISK / kg

MoM ▲ 31.2% YoY ▲ 31.2%

Checked: Jun 10, 2026

Price as of: January 2025

Source: UN Comtrade (unit value)

Variety	Market level	Price (US$/kg)	Local (ISK)	MoM	YoY	Source
-	Export (unit value)	7.50	1,051	▲ 31.2%	▲ 31.2%	UN Comtrade (unit value)

As of June 2026, the butter price in Iceland available is US$ 7.50 per kg (1,051 ISK), up 31.2% year-on-year.

Iceland is a net exporter of butter, shipping 73 tonnes valued at US$414,684 in 2024, ranking 69th among 109 global exporters and accounting for 0.0% of world exports. Butter production in 2023 reached 2,497 tonnes, placing Iceland 76th worldwide with a 2.4% year-on-year increase. The latest export unit value is US$7.5015 per kg.

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Butter Price History & Trend

We are building a dedicated butter price series for Iceland history. The trend line shown is the closest commodity benchmark, for reference only.

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Use this data freely with attribution to Selina Wamucii.

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Production, Exports, Imports & HS Codes - butter in Iceland

Exports UN Comtrade · 2024

In 2024, Iceland exported $414.7K (72.5 t) of butter▲ 117.4% YoY. That ranks #69 worldwide (0% of global exports).

$414.7K

Export value

72.5 t

Export volume

#69 / 109

World rank

Global share

$5.72

Avg export price / kg

Export value by year (US$)

Export volume by year

Top butter exporters worldwide UN Comtrade · 2024

#1 Ireland $1.78B · 18.4%
#2 New Zealand $1.72B · 17.8%
#3 Netherlands $1.38B · 14.3%
#4 Germany $832.2M · 8.6%
#5 France $784.9M · 8.1%

Annual export data Iceland · UN Comtrade

Year	Export value (US$)	Volume	Avg price/kg
2024	$414.7K	72.5 t	$5.72
2023	$190.7K	26.5 t	$7.19
2022	$496.3K	85.2 t	$5.82
2021	$1.1M	204.2 t	$5.32
2020	$820K	234.8 t	$3.49

Production FAOSTAT · 2023

Iceland produced 2.5 kt of butter in 2023▲ 2.4% YoY. It ranks #76 among producing countries (0% of world output).

2.5 kt

mi_production

#76

World rank

Production by year (tonnes)

HS Code

butter is traded under Harmonized System code 0405.10. Trade figures above are compiled for this HS heading.

Sources: trade & HS - UN Comtrade; production - FAOSTAT (FAO). Values are official reported figures.

Iceland butter - Production, Exports, Imports, Seasons and HS Codes

The volume of butter exported by Iceland in 2020 was 235 tonnes. In 2019 Iceland shipped 198 tonnes of butter. In 2019 alone, the market for Iceland butter (processed category) has gone down, flactuating by -49.746 % compared to the year 2018. Between 2017 and 2019, butter's exports went up by 11.86 percent earning the nation US$0.78m for the year 2019. Iceland's butter exports are classified as:

Dairy spreads of a fat content, by weight, of >= 39% but < 80% (HS code 040520)
Butter (excluding dehydrated butter and ghee) (HS code 040510)
Fats and oils derived from milk, and dehydrated butter and ghee (excluding natural butter, recombined butter and whey butter) (HS code 040590)

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Iceland butter export values

In 2019, Iceland sold butter costing 0.78m USD, a decrease of -48.14% from 2018's total butter export of 1.504m USD. The annual reduction in value of Iceland butter between 2017 to 2018 was 142.581 percent.

The annual change in the volume of Iceland's butter exports between 2017 and 2019 was 11.86% compared to a variation of -49.746% in the period between 2018 and 2019.

Iceland's share of the world's total butter's exports in 2019 was less than 1%. The country holds number 38 in world exports of butter.

Export markets for Iceland butter ( in '000$ )

Iceland imported 5 tonnes of butter in 2019.

Butter Prices Across Europe

Compare the latest butter prices in other Europe countries:

Sweden$7.81/kg Russia$4.80/kg France$7.62/kg Denmark$8.60/kg Germany$7.64/kg Ireland$8.35/kg United Kingdom (UK)$5.73/kg Belgium$8.27/kg Norway$6.17/kg Spain$7.75/kg Poland$7.66/kg Czech Republic$7.89/kg Bulgaria$6.46/kg Netherlands$7.92/kg Bosnia and Herzegovina$8.94/kg

Other Processed Prices in Iceland

Latest prices for other processed in Iceland:

Miso$5.75/kg Black Tea$28.36/kg Milk & Cream$3.80/kg Raw Hides & Skins$0.65/kg Olive Oil$4.73/kg Wine$7.19/kg Cocoa Butter$1.81/kg Green Tea$3.68/kg Kefir & Buttermilk$2.35/kg Natural Honey$11.69/kg Rice flour$0.44/kg Almond butter$6.22/kg

Scientific name: N

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