Price for Cheese of All Kinds, Grated or Powdered in the Philippines - 2023
Contents:
- Price for Cheese of All Kinds, Grated or Powdered in the Philippines (CIF) - 2022
- Price for Cheese of All Kinds, Grated or Powdered in the Philippines (FOB) - 2022
- Imports of Cheese of All Kinds, Grated or Powdered in the Philippines
- Exports of Cheese of All Kinds, Grated or Powdered in the Philippines
Price for Cheese of All Kinds, Grated or Powdered in the Philippines (CIF) - 2022
In 2022, the average import price for cheese of all kinds, grated or powdered amounted to $6,117 per ton, picking up by 7.8% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The pace of growth was the most pronounced in 2015 an increase of 16% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Denmark ($6,117 per ton) and Germany ($6,117 per ton), while the price for the UK ($6,116 per ton) and New Zealand ($6,116 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+58.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cheese of All Kinds, Grated or Powdered in the Philippines (FOB) - 2022
The average export price for cheese of all kinds, grated or powdered stood at $6,126 per ton in 2022, growing by 8.5% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 63% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Vietnam ($6,127 per ton) and Hong Kong SAR ($6,126 per ton), while the average price for exports to Canada ($6,121 per ton) and the United Arab Emirates ($6,125 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cheese of All Kinds, Grated or Powdered in the Philippines
Imports of cheese of all kinds, grated or powdered into the Philippines surged to 2.6K tons in 2022, jumping by 38% against 2021. Overall, imports saw a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by 50%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of cheese of all kinds, grated or powdered soared to $16M in 2022. In general, imports posted a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 53%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Cheese of All Kinds, Grated or Powdered in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 2.5 | 2.6 | 4.1 | 4.7 | 23.4% |
| New Zealand | 2.7 | 1.1 | 2.0 | 4.5 | 18.6% |
| United States | 2.5 | 1.6 | 1.6 | 2.7 | 2.6% |
| Germany | 0.3 | 0.9 | 1.9 | 1.8 | 81.7% |
| India | N/A | N/A | 0.1 | 0.9 | 800.0% |
| United Kingdom | 0.1 | 0.1 | 0.1 | 0.5 | 71.0% |
| Denmark | 0.3 | 0.4 | 0.2 | 0.4 | 10.1% |
| Others | 0.8 | 0.1 | 0.5 | 0.3 | -27.9% |
| Total | 9.2 | 6.9 | 10.5 | 15.7 | 19.5% |
Top Suppliers of Cheese of All Kinds, Grated or Powdered to the Philippines in 2022:
- Australia (765.3 tons)
- New Zealand (741.7 tons)
- United States (436.0 tons)
- Germany (292.6 tons)
- India (141.8 tons)
- United Kingdom (75.4 tons)
- Denmark (65.7 tons)
Exports of Cheese of All Kinds, Grated or Powdered in the Philippines
After three years of growth, overseas shipments of cheese of all kinds, grated or powdered decreased by -48.7% to 22 tons in 2022. Overall, exports, however, showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 5,424%.
In value terms, exports of cheese of all kinds, grated or powdered shrank sharply to $136K in 2022. In general, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 5,540% against the previous year.
| Export of Cheese of All Kinds, Grated or Powdered in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | N/A | 11.5 | 197 | 88.0 | 176.6% |
| United Arab Emirates | N/A | 4.0 | 4.3 | 32.3 | 184.2% |
| Vietnam | N/A | N/A | 14.4 | 12.9 | -10.4% |
| Canada | N/A | N/A | N/A | 2.3 | 0% |
| Indonesia | N/A | 11.1 | 1.1 | N/A | -90.1% |
| Singapore | N/A | N/A | 22.3 | N/A | 0% |
| Others | 0.5 | 3.8 | 5.2 | 0.6 | 6.3% |
| Total | 0.5 | 30.5 | 245 | 136 | 547.9% |
Top Export Markets for Cheese of All Kinds, Grated or Powdered from the Philippines in 2022:
- Hong Kong SAR (14.4 tons)
- United Arab Emirates (5.3 tons)
- Vietnam (2.1 tons)
- Canada (0.4 tons)
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