Price for Cheese of All Kinds, Grated or Powdered in Serbia - 2023
Contents:
- Price for Cheese of All Kinds, Grated or Powdered in Serbia (CIF) - 2023
- Price for Cheese of All Kinds, Grated or Powdered in Serbia (FOB) - 2022
- Imports of Cheese of All Kinds, Grated or Powdered in Serbia
- Exports of Cheese of All Kinds, Grated or Powdered in Serbia
Price for Cheese of All Kinds, Grated or Powdered in Serbia (CIF) - 2023
The average import price for cheese of all kinds, grated or powdered stood at $7,940 per ton in November 2023, with a decrease of -14.5% against the previous month. Overall, the import price recorded a slight reduction. The most prominent rate of growth was recorded in October 2023 when the average import price increased by 14% against the previous month. The import price peaked at $9,690 per ton in May 2023; however, from June 2023 to November 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($9,828 per ton), while the price for Germany stood at $5,999 per ton.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Denmark (+6.2%), while the prices for the other major suppliers experienced a decline.
Price for Cheese of All Kinds, Grated or Powdered in Serbia (FOB) - 2022
The average export price for cheese of all kinds, grated or powdered stood at $1,567 per ton in 2022, with an increase of 45% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The export price peaked at $1,692 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was North Macedonia ($1,603 per ton), while the average price for exports to Montenegro totaled $1,540 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+7.5%).
Imports of Cheese of All Kinds, Grated or Powdered in Serbia
For the fourth year in a row, Serbia recorded growth in purchases abroad of cheese of all kinds, grated or powdered, which increased by 31% to 575 tons in 2022. In general, imports enjoyed significant growth. As a result, imports attained 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 $4.6M in 2022. Overall, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cheese of All Kinds, Grated or Powdered in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 1,481 | 1,664 | 2,034 | 2,627 | 21.1% |
| Germany | 364 | 482 | 795 | 1,343 | 54.5% |
| Denmark | N/A | 73.9 | 413 | 547 | 172.1% |
| Netherlands | 199 | 221 | N/A | N/A | 11.1% |
| Others | 27.2 | 68.5 | 39.8 | 72.9 | 38.9% |
| Total | 2,071 | 2,510 | 3,281 | 4,590 | 30.4% |
Top Suppliers of Cheese of All Kinds, Grated or Powdered to Serbia in 2022:
- Italy (295.5 tons)
- Germany (212.9 tons)
- Denmark (58.2 tons)
Exports of Cheese of All Kinds, Grated or Powdered in Serbia
In 2022, exports of cheese of all kinds, grated or powdered from Serbia fell rapidly to 109 tons, dropping by -15.8% against the year before. In general, exports saw a pronounced decline. The growth pace was the most rapid in 2021 when exports increased by 15%. As a result, the exports attained the peak of 130 tons, and then contracted remarkably in the following year.
In value terms, exports of cheese of all kinds, grated or powdered surged to $171K in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +15.9% 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 +59.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.
| Export of Cheese of All Kinds, Grated or Powdered in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Montenegro | 36.7 | 43.5 | 69.1 | 94.0 | 36.8% |
| North Macedonia | 73.3 | 64.0 | 71.2 | 77.1 | 1.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 110 | 107 | 140 | 171 | 15.8% |
Top Export Markets for Cheese of All Kinds, Grated or Powdered from Serbia in 2022:
- Montenegro (61.1 tons)
- North Macedonia (48.1 tons)
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