Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Colombia - 2022
Contents:
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Colombia (CIF) - 2022
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Colombia (FOB) - 2022
- Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Colombia
- Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Colombia
Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Colombia (CIF) - 2022
The average import price for cheese, other than blue-veined, grated, powdered or processed stood at $4,555 per ton in February 2022, shrinking by -22.9% against the previous month. Overall, the import price saw a noticeable reduction. The pace of growth was the most pronounced in August 2021 when the average import price increased by 70% against the previous month. As a result, import price attained the peak level of $7,160 per ton. From September 2021 to February 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was Spain ($11,863 per ton), while the price for Germany ($1,585 per ton) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Argentina (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Colombia (FOB) - 2022
In February 2022, the average export price for cheese, other than blue-veined, grated, powdered or processed amounted to $11,932 per ton, with an increase of 6.1% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in December 2021 an increase of 37% m-o-m. The export price peaked at $12,093 per ton in October 2021; however, from November 2021 to February 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In February 2022, the country with the highest price was Chile ($12,578 per ton), while the average price for exports to Aruba ($6,683 per ton) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to Aruba (+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 Colombia
Imports of cheese, other than blue-veined, grated, powdered or processed into Colombia rose remarkably to 2.4K tons in 2022, growing by 12% compared with 2021 figures. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +14.2% 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 +51.5% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 35% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, imports of cheese, other than blue-veined, grated, powdered or processed expanded slightly to $12M in 2022. The total import value increased at an average annual rate of +5.4% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 18% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in the near future.
| Import of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.5 | 3.2 | 3.4 | 5.0 | -3.1% |
| Italy | 0.5 | 0.6 | 1.1 | 2.1 | 61.3% |
| Spain | 1.0 | 1.2 | 1.2 | 1.9 | 23.9% |
| Germany | 0.1 | 0.5 | 1.1 | 1.3 | 135.1% |
| France | 0.4 | 0.6 | 0.4 | 0.8 | 26.0% |
| Denmark | 0.2 | 0.1 | 0.1 | 0.4 | 26.0% |
| Argentina | N/A | N/A | N/A | 0.4 | 0% |
| Others | 2.7 | 3.7 | 4.4 | 0.4 | -47.1% |
| Total | 10.4 | 9.9 | 11.7 | 12.2 | 5.5% |
Top Suppliers of Cheese, Other than Blue-Veined, Grated, Powdered or Processed to Colombia in 2022:
- Germany (883.1 tons)
- United States (623.2 tons)
- Italy (419.1 tons)
- Spain (238.1 tons)
- Denmark (78.3 tons)
- France (62.9 tons)
- Argentina (60.0 tons)
Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Colombia
In 2022, exports of cheese, other than blue-veined, grated, powdered or processed from Colombia rose modestly to 441 tons, surging by 4.3% against 2021. In general, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +10.3% 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 +47.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in years to come.
In value terms, exports of cheese, other than blue-veined, grated, powdered or processed rose sharply to $5.1M in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 44% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.1 | 3.1 | 4.2 | 4.8 | 31.7% |
| Chile | N/A | N/A | N/A | 0.2 | 0% |
| Aruba | 0.2 | 0.5 | 0.4 | 0.1 | -20.6% |
| France | 0.1 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 2.5 | 3.6 | 4.7 | 5.1 | 26.8% |
Top Export Markets for Cheese, Other than Blue-Veined, Grated, Powdered or Processed from Colombia in 2022:
- United States (410.5 tons)
- Chile (16.1 tons)
- Aruba (10.2 tons)
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