Price for Cheese of All Kinds, Grated or Powdered in Singapore - 2022
Contents:
- Price for Cheese of All Kinds, Grated or Powdered in Singapore (CIF) - 2022
- Price for Cheese of All Kinds, Grated or Powdered in Singapore (FOB) - 2022
- Imports of Cheese of All Kinds, Grated or Powdered in Singapore
- Exports of Cheese of All Kinds, Grated or Powdered in Singapore
Price for Cheese of All Kinds, Grated or Powdered in Singapore (CIF) - 2022
In September 2022, the average import price for cheese of all kinds, grated or powdered amounted to $9,381 per ton, with an increase of 8% against the previous month. In general, import price indicated a temperate expansion from September 2021 to September 2022: its price increased at an average monthly rate of +3.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, import price for cheese of all kinds, grated or powdered increased by +12.9% against July 2022 indices. The pace of growth was the most pronounced in January 2022 an increase of 38% against the previous month. The import price peaked at $9,906 per ton in June 2022; however, from July 2022 to September 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was Australia ($14,066 per ton), while the price for Argentina ($7,164 per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cheese of All Kinds, Grated or Powdered in Singapore (FOB) - 2022
In September 2022, the average export price for cheese of all kinds, grated or powdered amounted to $8,590 per ton, reducing by -3.1% against the previous month. Overall, export price indicated modest growth from September 2021 to September 2022: its price increased at an average monthly rate of +1.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, export price for cheese of all kinds, grated or powdered decreased by -17.1% against March 2022 indices. The most prominent rate of growth was recorded in March 2022 when the average export price increased by 31% month-to-month. As a result, the export price attained the peak level of $10,358 per ton. From April 2022 to September 2022, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In September 2022, the country with the highest price was Sri Lanka ($18,472 per ton), while the average price for exports to Malaysia ($8,292 per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cheese of All Kinds, Grated or Powdered in Singapore
For the fourth consecutive year, Singapore recorded growth in supplies from abroad of cheese of all kinds, grated or powdered, which increased by 0.5% to 4.3K tons in 2022. The total import volume increased at an average annual rate of +10.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 21%. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of cheese of all kinds, grated or powdered stood at $29M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +15.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Cheese of All Kinds, Grated or Powdered in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 8.9 | 7.7 | 10.8 | 10.7 | 6.3% |
| New Zealand | 2.7 | 3.2 | 3.4 | 5.4 | 26.0% |
| United States | 2.3 | 3.2 | 3.4 | 3.6 | 16.1% |
| Ireland | 0.7 | 1.5 | 1.7 | 2.7 | 56.8% |
| Belgium | N/A | 0.4 | 0.9 | 1.2 | 73.2% |
| Germany | 1.2 | 1.4 | 1.4 | 0.9 | -9.1% |
| Netherlands | 0.9 | 0.9 | 1.2 | 0.8 | -3.9% |
| France | 0.7 | 0.6 | 0.8 | 0.6 | -5.0% |
| Argentina | N/A | N/A | N/A | 0.5 | 0% |
| Others | 1.7 | 2.0 | 2.5 | 2.6 | 15.2% |
| Total | 19.0 | 20.9 | 26.1 | 29.1 | 15.3% |
Top Suppliers of Cheese of All Kinds, Grated or Powdered to Singapore in 2022:
- New Zealand (1075.3 tons)
- Australia (1049.5 tons)
- United States (676.0 tons)
- Ireland (507.3 tons)
- Belgium (254.0 tons)
- Netherlands (169.3 tons)
- Argentina (96.0 tons)
- France (86.8 tons)
- Germany (85.8 tons)
Exports of Cheese of All Kinds, Grated or Powdered in Singapore
For the fourth year in a row, Singapore recorded growth in overseas shipments of cheese of all kinds, grated or powdered, which increased by 68% to 432 tons in 2022. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 104%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of cheese of all kinds, grated or powdered soared to $2.9M in 2022. Overall, exports recorded significant growth. The growth pace was the most rapid in 2020 with an increase of 116% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in years to come.
| Export of Cheese of All Kinds, Grated or Powdered in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 341 | 625 | 567 | 1,302 | 56.3% |
| Hong Kong SAR | 127 | 545 | 706 | 855 | 88.8% |
| Philippines | 10.4 | N/A | N/A | 242 | 185.5% |
| Vietnam | 60.7 | 90.5 | 112 | 130 | 28.9% |
| Nepal | 46.4 | 92.9 | 38.1 | 55.0 | 5.8% |
| Others | 107 | 143 | 380 | 284 | 38.5% |
| Total | 693 | 1,496 | 1,804 | 2,867 | 60.5% |
Top Export Markets for Cheese of All Kinds, Grated or Powdered from Singapore in 2022:
- Malaysia (205.9 tons)
- Hong Kong SAR (139.0 tons)
- Philippines (39.9 tons)
- Nepal (11.7 tons)
- Vietnam (11.6 tons)
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