Price for Cheese of All Kinds, Grated or Powdered in Italy - 2023
Contents:
- Price for Cheese of All Kinds, Grated or Powdered in Italy (FOB) - 2023
- Price for Cheese of All Kinds, Grated or Powdered in Italy (CIF) - 2023
- Exports of Cheese of All Kinds, Grated or Powdered in Italy
- Imports of Cheese of All Kinds, Grated or Powdered in Italy
Price for Cheese of All Kinds, Grated or Powdered in Italy (FOB) - 2023
In November 2023, the average export price for cheese of all kinds, grated or powdered amounted to $11,975 per ton, remaining relatively unchanged against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 5.7% month-to-month. As a result, the export price reached the peak level of $12,473 per ton. From May 2023 to November 2023, the the average export prices remained at a 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 the United States ($14,753 per ton), while the average price for exports to China ($8,917 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 Australia (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cheese of All Kinds, Grated or Powdered in Italy (CIF) - 2023
The average import price for cheese of all kinds, grated or powdered stood at $6,206 per ton in October 2023, with a decrease of -8.1% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 9.7% m-o-m. As a result, import price attained the peak level of $7,313 per ton. From May 2023 to October 2023, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Switzerland.
From October 2022 to October 2023, the rate of growth in terms of prices for Switzerland amounted to +32.9% per month.
Exports of Cheese of All Kinds, Grated or Powdered in Italy
In 2022, exports of cheese of all kinds, grated or powdered from Italy rose remarkably to 65K tons, surging by 15% on the previous year's figure. The total export volume increased at an average annual rate of +9.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of cheese of all kinds, grated or powdered soared to $708M in 2022. The total export value increased at an average annual rate of +11.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cheese of All Kinds, Grated or Powdered in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 135 | 141 | 167 | 187 | 11.5% |
| Germany | 136 | 137 | 141 | 154 | 4.2% |
| United Kingdom | 53.2 | 52.5 | 56.2 | 67.6 | 8.3% |
| Switzerland | 27.6 | 25.8 | 35.7 | 49.5 | 21.5% |
| Belgium | 23.8 | 25.8 | 32.4 | 40.4 | 19.3% |
| Spain | 25.8 | 25.0 | 30.5 | 36.9 | 12.7% |
| Netherlands | 17.8 | 16.2 | 17.9 | 21.6 | 6.7% |
| Austria | 13.3 | 12.5 | 14.1 | 17.8 | 10.2% |
| Poland | 4.3 | 6.8 | 9.5 | 11.0 | 36.8% |
| Romania | 6.0 | 6.2 | 8.5 | 10.5 | 20.5% |
| Others | 67.3 | 70.7 | 89.9 | 112 | 18.5% |
| Total | 510 | 519 | 603 | 708 | 11.6% |
Top Export Markets for Cheese of All Kinds, Grated or Powdered from Italy in 2022:
- France (16.0K tons)
- Germany (14.6K tons)
- United Kingdom (5.8K tons)
- Switzerland (4.6K tons)
- Belgium (3.7K tons)
- Spain (3.5K tons)
- Netherlands (2.1K tons)
- Austria (1.8K tons)
- Romania (1.0K tons)
- Poland (1.0K tons)
Imports of Cheese of All Kinds, Grated or Powdered in Italy
In 2022, imports of cheese of all kinds, grated or powdered into Italy contracted slightly to 6K tons, falling by -4.3% on the year before. Overall, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 5.7%.
In value terms, imports of cheese of all kinds, grated or powdered expanded notably to $35M in 2022. The total import value increased at an average annual rate of +1.5% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 12% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Cheese of All Kinds, Grated or Powdered in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 12.3 | 11.2 | 13.2 | 11.5 | -2.2% |
| Netherlands | 1.5 | 3.0 | 4.7 | 6.8 | 65.5% |
| Poland | 10.0 | 6.2 | 5.1 | 5.7 | -17.1% |
| France | 2.3 | 2.0 | 2.3 | 3.1 | 10.5% |
| Denmark | 2.5 | 2.6 | 3.1 | 2.5 | 0.0% |
| Austria | 0.1 | 0.5 | 1.7 | 1.9 | 166.8% |
| Ireland | 3.2 | 1.9 | 0.7 | 1.8 | -17.5% |
| Others | 1.1 | 0.2 | 0.3 | 1.4 | 8.4% |
| Total | 33.0 | 27.6 | 31.0 | 34.6 | 1.6% |
Top Suppliers of Cheese of All Kinds, Grated or Powdered to Italy in 2022:
- Germany (1888.7 tons)
- Netherlands (1229.4 tons)
- Poland (923.5 tons)
- France (845.7 tons)
- Denmark (337.8 tons)
- Austria (319.2 tons)
- Ireland (225.1 tons)
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