Price for Cheese of All Kinds, Grated or Powdered in Sweden - 2023
Contents:
- Price for Cheese of All Kinds, Grated or Powdered in Sweden (CIF) - 2023
- Price for Cheese of All Kinds, Grated or Powdered in Sweden (FOB) - 2023
- Imports of Cheese of All Kinds, Grated or Powdered in Sweden
- Exports of Cheese of All Kinds, Grated or Powdered in Sweden
Price for Cheese of All Kinds, Grated or Powdered in Sweden (CIF) - 2023
In September 2023, the average import price for cheese of all kinds, grated or powdered amounted to $7,250 per ton, growing by 5% against the previous month. Over the last eleven-month period, it increased at an average monthly rate of +1.0%. The growth pace was the most rapid in July 2023 when the average import price increased by 12% m-o-m. Over the period under review, average import prices reached the maximum at $7,645 per ton in April 2023; however, from May 2023 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Italy ($12,935 per ton), while the price for Austria ($4,686 per ton) was amongst the lowest.
From October 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Italy (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cheese of All Kinds, Grated or Powdered in Sweden (FOB) - 2023
The average export price for cheese of all kinds, grated or powdered stood at $4,279 per ton in November 2023, picking up by 26% against the previous month. Over the period under review, the export price, however, recorded a slight shrinkage. The most prominent rate of growth was recorded in September 2023 an increase of 32% against the previous month. As a result, the export price reached the peak level of $5,982 per ton. From October 2023 to November 2023, the the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Norway.
From November 2022 to November 2023, the rate of growth in terms of prices for Denmark amounted to +9.4% per month.
Imports of Cheese of All Kinds, Grated or Powdered in Sweden
In 2022, after three years of growth, there was decline in supplies from abroad of cheese of all kinds, grated or powdered, when their volume decreased by -4.3% to 8.4K tons. The total import volume increased at an average annual rate of +3.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 7.6% against the previous year.
In value terms, imports of cheese of all kinds, grated or powdered expanded remarkably to $53M in 2022. The total import value increased at an average annual rate of +11.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 13% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Cheese of All Kinds, Grated or Powdered in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 20.6 | 21.6 | 24.7 | 30.8 | 14.3% |
| Denmark | 9.0 | 10.5 | 10.6 | 11.5 | 8.5% |
| Italy | 2.8 | 3.8 | 5.6 | 5.7 | 26.7% |
| Austria | N/A | 1.1 | 1.9 | 2.2 | 41.4% |
| Germany | 2.0 | 2.0 | 2.1 | 2.2 | 3.2% |
| Ireland | 0.9 | 0.8 | 1.0 | 0.3 | -30.7% |
| Belgium | 2.5 | 2.9 | 2.4 | N/A | -2.0% |
| Others | 0.5 | 0.6 | 0.2 | 0.1 | -41.5% |
| Total | 38.4 | 43.4 | 48.4 | 52.8 | 11.2% |
Top Suppliers of Cheese of All Kinds, Grated or Powdered to Sweden in 2022:
- Netherlands (5.3K tons)
- Denmark (1.7K tons)
- Italy (0.5K tons)
- Austria (0.5K tons)
- Germany (0.4K tons)
- Ireland (0.1K tons)
Exports of Cheese of All Kinds, Grated or Powdered in Sweden
In 2022, approx. 190 tons of cheese of all kinds, grated or powdered were exported from Sweden; growing by 2.2% against the previous year. Over the period under review, exports, however, continue to indicate a mild decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 12%. As a result, the exports attained the peak of 223 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of cheese of all kinds, grated or powdered skyrocketed to $807K in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.0% 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 +77.0% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cheese of All Kinds, Grated or Powdered in Sweden (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 195 | 188 | 311 | 396 | 26.6% |
| Denmark | 227 | 270 | 218 | 279 | 7.1% |
| Finland | 12.4 | 22.7 | 3.9 | 77.6 | 84.3% |
| Poland | 7.2 | 27.0 | 19.0 | 24.4 | 50.2% |
| United Kingdom | N/A | N/A | 33.5 | 0.1 | -99.7% |
| Others | 15.1 | 22.0 | 19.0 | 30.2 | 26.0% |
| Total | 456 | 530 | 605 | 807 | 21.0% |
Top Export Markets for Cheese of All Kinds, Grated or Powdered from Sweden in 2022:
- Denmark (105.2 tons)
- Norway (70.5 tons)
- Finland (7.9 tons)
- Poland (3.3 tons)
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