Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Bulgaria - 2023
Contents:
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Bulgaria (FOB) - 2023
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Bulgaria (CIF) - 2023
- Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Bulgaria
- Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Bulgaria
Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Bulgaria (FOB) - 2023
In October 2023, the average export price for cheese, other than blue-veined, grated, powdered or processed amounted to $7,054 per ton, surging by 9% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was Turkey ($9,818 per ton), while the average price for exports to Saudi Arabia ($4,251 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 Australia (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Bulgaria (CIF) - 2023
The average import price for cheese, other than blue-veined, grated, powdered or processed stood at $4,826 per ton in October 2023, stabilizing at the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 21% against the previous month. As a result, import price reached the peak level of $5,819 per ton. From February 2023 to October 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was North Macedonia ($6,993 per ton), while the price for Serbia totaled $3,968 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Italy (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Bulgaria
In 2022, overseas shipments of cheese, other than blue-veined, grated, powdered or processed decreased by -10.4% to 18K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +2.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 18%.
In value terms, exports of cheese, other than blue-veined, grated, powdered or processed fell modestly to $100M in 2022. The total export value increased at an average annual rate of +11.1% 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 exports increased by 28%.
| Export of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 9.9 | 21.9 | 24.4 | 24.1 | 34.5% |
| Germany | 13.2 | 16.7 | 19.1 | 15.3 | 5.0% |
| United States | 10.7 | 12.0 | 12.8 | 13.7 | 8.6% |
| United Kingdom | 5.3 | 6.8 | 7.2 | 8.5 | 17.1% |
| Romania | 4.2 | 5.4 | 6.9 | 7.9 | 23.4% |
| Australia | 4.3 | 4.8 | 4.1 | 4.7 | 3.0% |
| Lebanon | 5.5 | 2.8 | 2.3 | 4.1 | -9.3% |
| Canada | 1.9 | 2.8 | 3.7 | 2.8 | 13.8% |
| Sweden | 2.9 | 3.6 | 3.6 | 2.6 | -3.6% |
| Austria | 1.2 | 1.2 | 1.2 | 1.5 | 7.7% |
| Spain | 1.5 | 1.7 | 1.6 | 1.3 | -4.7% |
| Cyprus | 2.7 | 1.5 | 0.5 | 0.5 | -43.0% |
| Others | 9.5 | 11.9 | 12.6 | 13.1 | 11.3% |
| Total | 72.9 | 93.1 | 100 | 100 | 11.1% |
Top Export Markets for Cheese, Other than Blue-Veined, Grated, Powdered or Processed from Bulgaria in 2022:
- Greece (3.9K tons)
- Romania (2.6K tons)
- United States (2.5K tons)
- Germany (2.4K tons)
- United Kingdom (1.4K tons)
- Australia (0.9K tons)
- Lebanon (0.7K tons)
- Canada (0.5K tons)
- Sweden (0.5K tons)
- Austria (0.3K tons)
- Spain (0.3K tons)
- Cyprus (0.2K tons)
Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Bulgaria
Imports of cheese, other than blue-veined, grated, powdered or processed into Bulgaria surged to 17K tons in 2022, picking up by 17% on 2021 figures. The total import volume increased at an average annual rate of +8.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 20%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of cheese, other than blue-veined, grated, powdered or processed soared to $81M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +16.7% 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 +63.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 11.0 | 7.2 | 8.9 | 20.0 | 22.1% |
| Germany | 9.8 | 10.2 | 13.5 | 16.9 | 19.9% |
| Netherlands | 10.3 | 12.2 | 17.1 | 15.3 | 14.1% |
| Italy | 5.2 | 4.4 | 5.8 | 8.2 | 16.4% |
| Belgium | 1.6 | 0.9 | 4.3 | 4.3 | 39.0% |
| Romania | 0.6 | 2.1 | 2.5 | 2.6 | 63.0% |
| Lithuania | 1.0 | 1.3 | 1.7 | 1.7 | 19.3% |
| Greece | 3.2 | 3.6 | 2.3 | 1.6 | -20.6% |
| Denmark | 1.5 | 1.5 | 2.1 | 1.1 | -9.8% |
| United Kingdom | 3.3 | 3.4 | 0.1 | 0.1 | -68.8% |
| Others | 3.2 | 2.4 | 4.4 | 8.8 | 40.1% |
| Total | 50.6 | 49.2 | 62.6 | 80.6 | 16.8% |
Top Suppliers of Cheese, Other than Blue-Veined, Grated, Powdered or Processed to Bulgaria in 2022:
- Poland (5.9K tons)
- Germany (3.1K tons)
- Netherlands (3.0K tons)
- Italy (1.1K tons)
- Belgium (0.8K tons)
- Romania (0.5K tons)
- Lithuania (0.5K tons)
- Greece (0.3K tons)
- Denmark (0.2K tons)
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