Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Canada - 2023
Contents:
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Canada (CIF) - 2023
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Canada (FOB) - 2023
- Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Canada
- Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Canada
Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Canada (CIF) - 2023
In December 2023, the average import price for cheese, other than blue-veined, grated, powdered or processed amounted to $9,206 per ton, with an increase of 2.1% against the previous month. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in April 2023 an increase of 16% against the previous month. As a result, import price reached the peak level of $9,410 per ton. From May 2023 to December 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($16,392 per ton), while the price for New Zealand ($4,437 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Switzerland (+3.4%), 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 Canada (FOB) - 2023
In December 2023, the average export price for cheese, other than blue-veined, grated, powdered or processed amounted to $11,007 per ton, rising by 9.2% against the previous month. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in June 2023 an increase of 13% m-o-m. The export price peaked in December 2023.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($11,126 per ton), while the average price for exports to Saudi Arabia ($5,263 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.7%), 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 Canada
For the fourth year in a row, Canada recorded growth in supplies from abroad of cheese, other than blue-veined, grated, powdered or processed, which increased by 8.5% to 42K tons in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +13.8% 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 +47.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year. Over the period under review, imports of attained the maximum 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 rose significantly to $366M in 2022. The total import value increased at an average annual rate of +11.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 20% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in years to come.
| Import of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 68.6 | 72.0 | 88.5 | 102 | 14.1% |
| United States | 28.1 | 35.2 | 53.9 | 60.6 | 29.2% |
| France | 54.3 | 57.6 | 51.8 | 47.4 | -4.4% |
| Switzerland | 24.1 | 23.1 | 28.5 | 29.3 | 6.7% |
| Netherlands | 12.9 | 15.0 | 22.5 | 26.8 | 27.6% |
| United Kingdom | 16.1 | 15.6 | 21.1 | 21.0 | 9.3% |
| Ireland | 11.0 | 10.8 | 11.8 | 11.3 | 0.9% |
| Germany | 5.6 | 5.8 | 8.5 | 10.0 | 21.3% |
| Greece | 6.3 | 7.4 | 9.4 | 9.8 | 15.9% |
| New Zealand | 2.7 | 3.9 | 5.2 | 9.6 | 52.6% |
| Australia | 4.8 | 5.0 | 8.9 | 9.3 | 24.7% |
| Denmark | 8.8 | 8.2 | 8.5 | 8.2 | -2.3% |
| Others | 17.7 | 22.4 | 20.8 | 21.5 | 6.7% |
| Total | 261 | 282 | 339 | 366 | 11.9% |
Top Suppliers of Cheese, Other than Blue-Veined, Grated, Powdered or Processed to Canada in 2022:
- United States (9.0K tons)
- Italy (8.5K tons)
- France (5.8K tons)
- Netherlands (3.3K tons)
- Switzerland (2.5K tons)
- United Kingdom (2.1K tons)
- Australia (1.7K tons)
- Germany (1.6K tons)
- New Zealand (1.6K tons)
- Ireland (1.5K tons)
- Greece (1.2K tons)
- Denmark (0.8K tons)
Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Canada
In 2022, overseas shipments of cheese, other than blue-veined, grated, powdered or processed increased by 6% to 6.4K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a abrupt downturn.
In value terms, exports of cheese, other than blue-veined, grated, powdered or processed surged to $56M in 2022. The total export value increased at an average annual rate of +1.4% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 36.2 | 36.4 | 40.7 | 49.4 | 10.9% |
| Saudi Arabia | 5.0 | 3.2 | 3.7 | 2.2 | -23.9% |
| United Arab Emirates | 0.2 | 0.1 | 0.1 | 1.2 | 81.7% |
| Kuwait | 0.5 | 0.4 | 1.2 | 0.9 | 21.6% |
| Japan | 1.3 | 1.3 | N/A | N/A | 0.0% |
| Tunisia | 1.7 | 0.8 | N/A | N/A | -52.9% |
| Bahamas | 2.1 | 2.6 | N/A | N/A | 23.8% |
| Philippines | 1.9 | 1.7 | N/A | N/A | -10.5% |
| Egypt | 0.9 | 2.2 | N/A | N/A | 144.4% |
| Others | 3.8 | 2.1 | 1.5 | 2.1 | -17.9% |
| Total | 53.6 | 50.9 | 47.3 | 55.8 | 1.3% |
Top Export Markets for Cheese, Other than Blue-Veined, Grated, Powdered or Processed from Canada in 2022:
- United States (5.2K tons)
- Saudi Arabia (0.4K tons)
- United Arab Emirates (0.2K tons)
- Kuwait (0.2K tons)
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