Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Croatia - 2023

Contents:

  1. Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Croatia (CIF) - 2023
  2. Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Croatia (FOB) - 2023
  3. Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Croatia
  4. Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Croatia

Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Croatia (CIF) - 2023

The average import price for cheese, other than blue-veined, grated, powdered or processed stood at $7,960 per ton in October 2023, growing by 48% against the previous month. Overall, import price indicated pronounced growth from October 2022 to October 2023: its price increased at an average monthly rate of +3.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for cheese, other than blue-veined, grated, powdered or processed increased by +49.9% against August 2023 indices. As a result, import price reached 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 Bosnia and Herzegovina ($10,379 per ton), while the price for Serbia amounted to $4,034 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Poland (+2.3%), 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 Croatia (FOB) - 2023

In October 2023, the average export price for cheese, other than blue-veined, grated, powdered or processed amounted to $8,828 per ton, rising by 41% against the previous month. Over the last twelve months, it increased at an average monthly rate of +3.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In October 2023, the countries with the highest prices were Montenegro ($9,209 per ton) and Kosovo ($8,434 per ton), while the average price for exports to Bosnia and Herzegovina ($7,272 per ton) and Serbia ($7,909 per ton) were amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+2.2%), 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 Croatia

Imports of cheese, other than blue-veined, grated, powdered or processed into Croatia was estimated at 25K tons in 2022, flattening at the previous year's figure. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 15% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, imports of cheese, other than blue-veined, grated, powdered or processed skyrocketed to $136M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +12.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 26%. 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 Croatia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany40.737.843.752.99.1%
Netherlands21.614.617.325.55.7%
Poland5.44.45.810.826.0%
Slovenia6.86.810.39.210.6%
Italy5.95.17.19.015.1%
Lithuania1.83.53.54.232.6%
Spain2.01.82.83.722.8%
Austria1.11.33.22.531.5%
Denmark0.40.52.32.481.7%
Serbia1.91.41.72.48.1%
Others8.68.710.813.115.1%
Total96.185.910813612.3%

Top Suppliers of Cheese, Other than Blue-Veined, Grated, Powdered or Processed to Croatia in 2022:

  1. Germany (9.9K tons)
  2. Netherlands (5.0K tons)
  3. Poland (2.2K tons)
  4. Slovenia (1.8K tons)
  5. Italy (1.0K tons)
  6. Serbia (0.7K tons)
  7. Lithuania (0.6K tons)
  8. Denmark (0.5K tons)
  9. Spain (0.5K tons)
  10. Austria (0.4K tons)

Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Croatia

In 2022, approx. 3K tons of cheese, other than blue-veined, grated, powdered or processed were exported from Croatia; which is down by -9.9% compared with the previous year's figure. In general, exports recorded a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 4.6% against the previous year.

In value terms, exports of cheese, other than blue-veined, grated, powdered or processed stood at $17M in 2022. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 16%.

Export of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Croatia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Slovenia12.89.711.411.0-4.9%
Serbia0.80.90.91.317.6%
Montenegro0.60.30.51.018.6%
Germany0.30.91.10.944.2%
South KoreaN/A0.30.40.973.2%
Bosnia and Herzegovina0.80.60.70.80.0%
Slovakia0.50.3N/AN/A-40.0%
Others1.41.31.71.2-5.0%
Total17.314.316.617.2-0.2%

Top Export Markets for Cheese, Other than Blue-Veined, Grated, Powdered or Processed from Croatia in 2022:

  1. Slovenia (2126.9 tons)
  2. Serbia (228.0 tons)
  3. Montenegro (180.4 tons)
  4. Bosnia and Herzegovina (122.1 tons)
  5. Germany (118.1 tons)
  6. South Korea (87.4 tons)
  7. Slovakia (1.2 tons)

Source: IndexBox Market Intelligence Platform

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Free Data: Dairy produce; cheese (not grated, powdered or processed), n.e.s. in heading no. 0406 - Croatia