Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Belgium - 2023
Contents:
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Belgium (CIF) - 2023
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Belgium (FOB) - 2023
- Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Belgium
- Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Belgium
Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Belgium (CIF) - 2023
The average import price for cheese, other than blue-veined, grated, powdered or processed stood at $9,066 per ton in October 2023, increasing by 51% against the previous month. Over the last twelve months, it increased at an average monthly rate of +3.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Switzerland ($14,483 per ton), while the price for the UK amounted to $7,029 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by France (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Belgium (FOB) - 2023
In October 2023, the average export price for cheese, other than blue-veined, grated, powdered or processed amounted to $6,943 per ton, picking up by 4.5% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 7.9% against the previous month. Over the period under review, the average export prices hit record highs at $7,004 per ton in May 2023; however, from June 2023 to October 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($13,146 per ton), while the average price for exports to Tunisia ($4,412 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Belgium
In 2022, after three years of growth, there was decline in supplies from abroad of cheese, other than blue-veined, grated, powdered or processed, when their volume decreased by -1.3% to 218K tons. The total import volume increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 5%.
In value terms, imports of cheese, other than blue-veined, grated, powdered or processed rose markedly to $1.3B in 2022. The total import value increased at an average annual rate of +7.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 8.5% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 463 | 458 | 440 | 470 | 0.5% |
| France | 291 | 333 | 338 | 323 | 3.5% |
| Germany | 127 | 154 | 200 | 245 | 24.5% |
| Italy | 62.0 | 67.5 | 88.2 | 90.0 | 13.2% |
| Ireland | 23.2 | 31.9 | 35.1 | 31.4 | 10.6% |
| Greece | 6.0 | 11.3 | 23.3 | 26.4 | 63.9% |
| Denmark | 15.8 | 12.3 | 19.4 | 20.5 | 9.1% |
| Others | 28.1 | 31.3 | 49.1 | 54.4 | 24.6% |
| Total | 1,016 | 1,100 | 1,193 | 1,261 | 7.5% |
Top Suppliers of Cheese, Other than Blue-Veined, Grated, Powdered or Processed to Belgium in 2022:
- Netherlands (82.9K tons)
- Germany (51.6K tons)
- France (48.8K tons)
- Italy (12.0K tons)
- Ireland (6.4K tons)
- Denmark (3.9K tons)
- Greece (3.5K tons)
Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Belgium
For the fourth consecutive year, Belgium recorded growth in shipments abroad of cheese, other than blue-veined, grated, powdered or processed, which increased by 2.5% to 84K tons in 2022. The total export volume increased at an average annual rate of +3.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 5.5%. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, exports of cheese, other than blue-veined, grated, powdered or processed declined slightly to $426M in 2022. The total export value increased at an average annual rate of +4.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 8.5%.
| Export of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 169 | 172 | 165 | 149 | -4.1% |
| United Kingdom | 10.9 | 5.6 | 63.1 | 68.2 | 84.3% |
| Germany | 43.8 | 49.6 | 52.1 | 56.9 | 9.1% |
| France | 62.5 | 58.8 | 44.2 | 28.5 | -23.0% |
| Luxembourg | 25.9 | 28.7 | 27.9 | 26.1 | 0.3% |
| Italy | 22.7 | 21.6 | 20.3 | 16.9 | -9.4% |
| Denmark | 6.2 | 7.2 | 10.3 | 13.0 | 28.0% |
| Greece | 7.4 | 5.7 | 5.1 | 6.2 | -5.7% |
| Others | 30.8 | 61.8 | 57.6 | 61.1 | 25.7% |
| Total | 379 | 411 | 446 | 426 | 4.0% |
Top Export Markets for Cheese, Other than Blue-Veined, Grated, Powdered or Processed from Belgium in 2022:
- Netherlands (29.1K tons)
- United Kingdom (12.4K tons)
- Germany (10.4K tons)
- Luxembourg (6.4K tons)
- France (5.5K tons)
- Italy (3.9K tons)
- Denmark (2.7K tons)
- Greece (1.3K tons)
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