Price for Cheese of All Kinds, Grated or Powdered in Belgium - 2023
Contents:
- Price for Cheese of All Kinds, Grated or Powdered in Belgium (FOB) - 2023
- Price for Cheese of All Kinds, Grated or Powdered in Belgium (CIF) - 2023
- Exports of Cheese of All Kinds, Grated or Powdered in Belgium
- Imports of Cheese of All Kinds, Grated or Powdered in Belgium
Price for Cheese of All Kinds, Grated or Powdered in Belgium (FOB) - 2023
The average export price for cheese of all kinds, grated or powdered stood at $5,452 per ton in November 2023, rising by 1.9% against the previous month. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 44% m-o-m. Over the period under review, the average export prices hit record highs at $5,990 per ton in December 2022; however, from January 2023 to November 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was Cameroon ($7,972 per ton), while the average price for exports to Lebanon ($4,491 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cheese of All Kinds, Grated or Powdered in Belgium (CIF) - 2023
In November 2023, the average import price for cheese of all kinds, grated or powdered amounted to $7,904 per ton, surging by 20% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Switzerland.
From November 2022 to November 2023, the rate of growth in terms of prices for France amounted to +3.6% per month.
Exports of Cheese of All Kinds, Grated or Powdered in Belgium
After three years of growth, shipments abroad of cheese of all kinds, grated or powdered decreased by -19.7% to 34K tons in 2022. The total export volume increased at an average annual rate of +1.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 16% against the previous year. As a result, the exports reached the peak of 43K tons, and then shrank sharply in the following year.
In value terms, exports of cheese of all kinds, grated or powdered amounted to $202M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +13.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 23% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.
| Export of Cheese of All Kinds, Grated or Powdered in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 73.5 | 83.6 | 96.5 | 108 | 13.7% |
| Netherlands | 18.5 | 29.2 | 33.4 | 28.7 | 15.8% |
| Spain | 4.4 | 2.9 | 17.7 | 12.3 | 40.9% |
| Germany | 8.1 | 7.5 | 6.7 | 8.4 | 1.2% |
| Austria | 6.0 | 5.9 | 6.7 | 7.2 | 6.3% |
| Luxembourg | 5.7 | 6.0 | 6.3 | 6.6 | 5.0% |
| Portugal | 3.9 | 3.3 | 3.6 | 5.1 | 9.4% |
| Finland | 4.6 | 4.9 | 5.6 | 0.4 | -55.7% |
| Others | 13.4 | 18.5 | 22.5 | 24.8 | 22.8% |
| Total | 138 | 162 | 199 | 202 | 13.5% |
Top Export Markets for Cheese of All Kinds, Grated or Powdered from Belgium in 2022:
- France (18.5K tons)
- Netherlands (4.8K tons)
- Austria (1.9K tons)
- Spain (1.9K tons)
- Germany (1.4K tons)
- Luxembourg (1.0K tons)
- Portugal (0.9K tons)
- Finland (0.1K tons)
Imports of Cheese of All Kinds, Grated or Powdered in Belgium
After three years of growth, purchases abroad of cheese of all kinds, grated or powdered decreased by -3.4% to 17K tons in 2022. The total import volume increased at an average annual rate of +7.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 14% against the previous year.
In value terms, imports of cheese of all kinds, grated or powdered shrank modestly to $124M in 2022. The total import value increased at an average annual rate of +10.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 22%. As a result, imports reached the peak of $126M, and then dropped in the following year.
| Import of Cheese of All Kinds, Grated or Powdered in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 23.9 | 30.6 | 43.4 | 54.5 | 31.6% |
| France | 39.5 | 43.2 | 48.1 | 34.5 | -4.4% |
| Italy | 13.1 | 14.0 | 19.9 | 21.0 | 17.0% |
| Germany | 9.7 | 9.6 | 10.9 | 9.9 | 0.7% |
| Ireland | 0.1 | 3.8 | 2.2 | 2.0 | 171.4% |
| Others | 4.4 | 2.2 | 1.8 | 1.8 | -25.8% |
| Total | 90.7 | 103 | 126 | 124 | 11.0% |
Top Suppliers of Cheese of All Kinds, Grated or Powdered to Belgium in 2022:
- Netherlands (9.0K tons)
- France (3.6K tons)
- Italy (2.0K tons)
- Germany (1.5K tons)
- Ireland (0.3K tons)
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