Price for Cheese of All Kinds, Grated or Powdered in Bulgaria - 2023
Contents:
- Price for Cheese of All Kinds, Grated or Powdered in Bulgaria (CIF) - 2023
- Price for Cheese of All Kinds, Grated or Powdered in Bulgaria (FOB) - 2022
- Imports of Cheese of All Kinds, Grated or Powdered in Bulgaria
- Exports of Cheese of All Kinds, Grated or Powdered in Bulgaria
Price for Cheese of All Kinds, Grated or Powdered in Bulgaria (CIF) - 2023
The average import price for cheese of all kinds, grated or powdered stood at $7,638 per ton in September 2023, declining by -7.6% against the previous month. Overall, the import price saw a mild shrinkage. The most prominent rate of growth was recorded in August 2023 an increase of 33% month-to-month. The import price peaked at $9,149 per ton in October 2022; however, from November 2022 to September 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Italy ($11,514 per ton), while the price for the Netherlands ($2,713 per ton) was amongst the lowest.
From October 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Italy (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cheese of All Kinds, Grated or Powdered in Bulgaria (FOB) - 2022
In 2022, the average export price for cheese of all kinds, grated or powdered amounted to $6,235 per ton, surging by 14% against the previous year. In general, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cheese of all kinds, grated or powdered increased by +92.9% against 2019 indices. The growth pace was the most rapid in 2015 an increase of 61%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($8,196 per ton), while the average price for exports to the UK ($4,993 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cheese of All Kinds, Grated or Powdered in Bulgaria
In 2022, approx. 338 tons of cheese of all kinds, grated or powdered were imported into Bulgaria; growing by 13% on the previous year. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 19%.
In value terms, imports of cheese of all kinds, grated or powdered soared to $2.7M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +12.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.9% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cheese of All Kinds, Grated or Powdered in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 927 | 999 | 1,081 | 1,467 | 16.5% |
| Germany | 72.7 | 118 | 356 | 413 | 78.4% |
| Denmark | 247 | 180 | 119 | 264 | 2.2% |
| Netherlands | 97.0 | 75.4 | 123 | 169 | 20.3% |
| Greece | 466 | 290 | 197 | 168 | -28.8% |
| Poland | 22.5 | 26.0 | 50.3 | 75.7 | 49.8% |
| Slovakia | N/A | N/A | N/A | 68.2 | 0% |
| Others | 33.8 | 27.1 | 14.8 | 31.4 | -2.4% |
| Total | 1,866 | 1,716 | 1,941 | 2,658 | 12.5% |
Top Suppliers of Cheese of All Kinds, Grated or Powdered to Bulgaria in 2022:
- Italy (148.3 tons)
- Germany (63.3 tons)
- Netherlands (50.0 tons)
- Denmark (25.9 tons)
- Greece (25.3 tons)
- Slovakia (11.7 tons)
- Poland (10.3 tons)
Exports of Cheese of All Kinds, Grated or Powdered in Bulgaria
In 2022, overseas shipments of cheese of all kinds, grated or powdered were finally on the rise to reach 54 tons after two years of decline. Over the period under review, exports, however, showed a significant curtailment.
In value terms, exports of cheese of all kinds, grated or powdered skyrocketed to $339K in 2022. Overall, exports, however, continue to indicate a abrupt decline.
| Export of Cheese of All Kinds, Grated or Powdered in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| North Macedonia | 57.8 | 160 | 225 | 175 | 44.7% |
| Serbia | 114 | 65.4 | 18.8 | 71.1 | -14.6% |
| United Kingdom | 63.3 | 63.4 | 5.1 | 46.9 | -9.5% |
| Slovakia | N/A | N/A | N/A | 38.9 | 0% |
| Germany | 141 | 81.9 | N/A | 0.3 | -87.1% |
| Belgium | 38.5 | 25.3 | N/A | 0.2 | -82.7% |
| Netherlands | 25.4 | 17.2 | N/A | 0.1 | -84.2% |
| Iraq | N/A | 57.3 | N/A | N/A | 0% |
| France | 23.9 | 15.6 | N/A | N/A | -34.7% |
| Others | 40.1 | 27.7 | 17.5 | 5.9 | -47.2% |
| Total | 504 | 514 | 266 | 339 | -12.4% |
Top Export Markets for Cheese of All Kinds, Grated or Powdered from Bulgaria in 2022:
- North Macedonia (29.7 tons)
- United Kingdom (9.4 tons)
- Serbia (8.7 tons)
- Slovakia (5.9 tons)
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