Price for Cheese of All Kinds, Grated or Powdered in Estonia - 2023
Contents:
- Price for Cheese of All Kinds, Grated or Powdered in Estonia (FOB) - 2023
- Price for Cheese of All Kinds, Grated or Powdered in Estonia (CIF) - 2023
- Exports of Cheese of All Kinds, Grated or Powdered in Estonia
- Imports of Cheese of All Kinds, Grated or Powdered in Estonia
Price for Cheese of All Kinds, Grated or Powdered in Estonia (FOB) - 2023
In November 2023, the average export price for cheese of all kinds, grated or powdered amounted to $5,663 per ton, increasing by 9.7% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 an increase of 19% month-to-month. The export price peaked at $6,097 per ton in January 2023; however, from February 2023 to November 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was Croatia ($8,429 per ton), while the average price for exports to Italy ($4,029 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 the Czech Republic (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cheese of All Kinds, Grated or Powdered in Estonia (CIF) - 2023
In November 2023, the average import price for cheese of all kinds, grated or powdered amounted to $7,772 per ton, picking up by 26% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The import price peaked at $8,412 per ton in November 2022; however, from December 2022 to November 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the Netherlands ($29,050 per ton), while the price for Lithuania ($3,936 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cheese of All Kinds, Grated or Powdered in Estonia
After three years of growth, shipments abroad of cheese of all kinds, grated or powdered decreased by -34% to 820 tons in 2022. In general, total exports indicated modest growth from 2019 to 2022: its volume increased at an average annual rate of +1.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 47%.
In value terms, exports of cheese of all kinds, grated or powdered fell to $4.5M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +13.8% 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 +47.5% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 45%.
| Export of Cheese of All Kinds, Grated or Powdered in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 1.0 | 2.2 | 2.7 | 2.0 | 26.0% |
| Latvia | 1.1 | 1.3 | 1.4 | 1.5 | 10.9% |
| Greece | 0.3 | 0.4 | 0.5 | 0.4 | 10.1% |
| Lithuania | 0.3 | 0.3 | 0.3 | 0.4 | 10.1% |
| Others | 0.3 | 0.2 | 0.2 | 0.2 | -12.6% |
| Total | 3.0 | 4.4 | 5.1 | 4.5 | 14.5% |
Top Export Markets for Cheese of All Kinds, Grated or Powdered from Estonia in 2022:
- Finland (381.6 tons)
- Latvia (278.4 tons)
- Greece (67.1 tons)
- Lithuania (64.9 tons)
Imports of Cheese of All Kinds, Grated or Powdered in Estonia
In 2022, approx. 361 tons of cheese of all kinds, grated or powdered were imported into Estonia; increasing by 135% against the previous year's figure. Overall, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of cheese of all kinds, grated or powdered skyrocketed to $2.8M in 2022. Over the period under review, imports saw significant growth. 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 Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 544 | 392 | 486 | 801 | 13.8% |
| Italy | 72.0 | 57.1 | 72.9 | 742 | 117.6% |
| Belgium | N/A | N/A | N/A | 495 | 0% |
| Lithuania | 112 | 110 | 170 | 210 | 23.3% |
| Netherlands | 168 | 183 | 239 | 180 | 2.3% |
| Finland | 118 | 113 | 130 | 148 | 7.8% |
| Germany | 157 | 71.8 | 93.7 | 94.9 | -15.4% |
| Poland | 43.5 | 26.3 | 8.7 | 16.1 | -28.2% |
| Others | 23.3 | 45.7 | 28.9 | 95.5 | 60.0% |
| Total | 1,238 | 999 | 1,229 | 2,783 | 31.0% |
Top Suppliers of Cheese of All Kinds, Grated or Powdered to Estonia in 2022:
- Denmark (92.6 tons)
- Italy (92.2 tons)
- Belgium (88.2 tons)
- Lithuania (23.4 tons)
- Finland (23.2 tons)
- Germany (15.4 tons)
- Netherlands (13.9 tons)
- Poland (2.4 tons)
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