Price for Cheese of All Kinds, Grated or Powdered in Norway - 2024
Contents:
- Price for Cheese of All Kinds, Grated or Powdered in Norway (CIF) - 2024
- Price for Cheese of All Kinds, Grated or Powdered in Norway (FOB) - 2022
- Imports of Cheese of All Kinds, Grated or Powdered in Norway
- Exports of Cheese of All Kinds, Grated or Powdered in Norway
Price for Cheese of All Kinds, Grated or Powdered in Norway (CIF) - 2024
The average import price for cheese of all kinds, grated or powdered stood at $9,641 per ton in January 2024, picking up by 6.9% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 9.3% m-o-m. The import price peaked in January 2024.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($14,509 per ton), while the price for the Netherlands ($6,014 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Denmark (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cheese of All Kinds, Grated or Powdered in Norway (FOB) - 2022
The average export price for cheese of all kinds, grated or powdered stood at $6,916 per ton in 2022, falling by -26.9% against the previous year. Overall, the export price continues to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2017 an increase of 41% against the previous year. The export price peaked at $12,216 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($8,109 per ton), while the average price for exports to Belgium totaled $4,617 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+19.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cheese of All Kinds, Grated or Powdered in Norway
In 2022, overseas purchases of cheese of all kinds, grated or powdered decreased by -1.5% to 2.1K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +9.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 19% against the previous year. As a result, imports attained the peak of 2.1K tons, and then shrank in the following year.
In value terms, imports of cheese of all kinds, grated or powdered rose slightly to $17M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +14.0% 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 +48.3% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 27%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.
Import of Cheese of All Kinds, Grated or Powdered in Norway (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Denmark | 6.8 | 7.2 | 8.7 | 8.2 | 6.4% |
Italy | 1.6 | 2.3 | 3.1 | 4.1 | 36.8% |
Netherlands | 1.9 | 2.2 | 3.4 | 3.7 | 24.9% |
Ireland | 0.1 | 0.1 | 0.3 | 0.4 | 58.7% |
Austria | N/A | N/A | N/A | 0.2 | 0% |
United Kingdom | 0.3 | 0.4 | 0.3 | 0.1 | -30.7% |
France | 0.3 | 0.2 | 0.1 | N/A | -42.3% |
Others | 0.5 | 0.7 | 0.7 | 0.4 | -7.2% |
Total | 11.6 | 13.1 | 16.6 | 17.1 | 13.8% |
Top Suppliers of Cheese of All Kinds, Grated or Powdered to Norway in 2022:
- Denmark (1076.6 tons)
- Netherlands (554.0 tons)
- Italy (310.1 tons)
- Ireland (46.4 tons)
- Austria (38.4 tons)
- United Kingdom (17.6 tons)
- France (7.6 tons)
Exports of Cheese of All Kinds, Grated or Powdered in Norway
For the third year in a row, Norway recorded decline in shipments abroad of cheese of all kinds, grated or powdered, which decreased by -83.2% to 237 kg in 2022. In general, exports faced a dramatic shrinkage. The smallest decline of -3.6% was in 2021.
In value terms, exports of cheese of all kinds, grated or powdered declined dramatically to $1.6K in 2022. Overall, exports recorded a sharp descent. The smallest decline of -10% was in 2021.
Export of Cheese of All Kinds, Grated or Powdered in Norway (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 0.3 | 0.1 | 0.3 | 1.3 | 63.0% |
Belgium | N/A | N/A | 0.1 | 0.4 | 300.0% |
Sweden | 4.3 | 4.4 | 3.3 | N/A | -12.4% |
Czech Republic | 16.5 | 9.1 | 8.9 | N/A | -26.6% |
Others | 1.6 | 1.3 | 0.7 | N/A | -33.9% |
Total | 22.6 | 14.8 | 13.3 | 1.6 | -58.6% |
Top Export Markets for Cheese of All Kinds, Grated or Powdered from Norway in 2022:
- Netherlands (156.0 kg)
- Belgium (81.0 kg)
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