Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Egypt - 2023
Contents:
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Egypt (CIF) - 2022
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Egypt (FOB) - 2022
- Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Egypt
- Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Egypt
Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Egypt (CIF) - 2022
The average import price for cheese, other than blue-veined, grated, powdered or processed stood at $6,430 per ton in 2022, increasing by 7.4% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 32% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($6,430 per ton) and New Zealand ($6,430 per ton), while the price for Italy ($6,430 per ton) and the UK ($6,430 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.8%), 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 Egypt (FOB) - 2022
The average export price for cheese, other than blue-veined, grated, powdered or processed stood at $5,816 per ton in 2022, shrinking by -7% against the previous year. Overall, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cheese, other than blue-veined, grated, powdered or processed increased by +31.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 28%. The export price peaked at $6,257 per ton in 2021, and then shrank in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($6,529 per ton), while the average price for exports to Oman ($2,353 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+9.7%), 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 Egypt
In 2022, approx. 10K tons of cheese, other than blue-veined, grated, powdered or processed were imported into Egypt; shrinking by -35.4% on the previous year. Over the period under review, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 0.4%.
In value terms, imports of cheese, other than blue-veined, grated, powdered or processed fell rapidly to $66M in 2022. In general, imports showed a abrupt decline. The pace of growth was the most pronounced in 2021 when imports increased by 10% against the previous year. As a result, imports attained the peak of $95M, and then dropped remarkably in the following year.
| Import of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 21.3 | 12.2 | 11.6 | 17.9 | -5.6% |
| Netherlands | 34.3 | 36.6 | 39.5 | 16.4 | -21.8% |
| Ireland | 20.3 | 18.1 | 25.1 | 15.4 | -8.8% |
| United States | 3.1 | 0.6 | 1.1 | 5.9 | 23.9% |
| United Kingdom | 2.4 | 7.3 | 3.1 | 3.7 | 15.5% |
| Italy | 2.2 | 1.8 | 3.0 | 2.6 | 5.7% |
| Germany | 0.5 | 1.4 | 2.1 | 1.3 | 37.5% |
| Others | 8.4 | 8.3 | 9.6 | 2.8 | -30.7% |
| Total | 92.5 | 86.2 | 95.1 | 66.0 | -10.6% |
Top Suppliers of Cheese, Other than Blue-Veined, Grated, Powdered or Processed to Egypt in 2022:
- New Zealand (2.8K tons)
- Netherlands (2.6K tons)
- Ireland (2.4K tons)
- United States (0.9K tons)
- United Kingdom (0.6K tons)
- Italy (0.4K tons)
- Germany (0.2K tons)
Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Egypt
In 2022, shipments abroad of cheese, other than blue-veined, grated, powdered or processed decreased by -13.6% to 7.4K tons, falling for the second year in a row after two years of growth. Over the period under review, exports saw a deep downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 1.7% against the previous year. As a result, the exports attained the peak of 11K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of cheese, other than blue-veined, grated, powdered or processed fell notably to $43M in 2022. Overall, exports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2020 with an increase of 31%. As a result, the exports reached the peak of $60M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 16.1 | 13.0 | 11.8 | 11.3 | -11.1% |
| Libya | 3.2 | 5.0 | 7.6 | 5.6 | 20.5% |
| Jordan | 5.0 | 11.0 | 8.0 | 5.4 | 2.6% |
| Palestine | 2.8 | 4.7 | 3.5 | 5.2 | 22.9% |
| United Arab Emirates | 4.1 | 4.4 | 4.6 | 2.5 | -15.2% |
| Iraq | 2.3 | 4.4 | 2.1 | 2.2 | -1.5% |
| Kuwait | 0.7 | 2.3 | 1.8 | 1.9 | 39.5% |
| Yemen | 2.3 | 1.6 | 1.9 | 1.5 | -13.3% |
| Russia | 1.4 | 1.0 | 0.4 | 1.5 | 2.3% |
| Vietnam | 0.1 | 1.0 | 1.0 | 1.3 | 135.1% |
| United States | 0.6 | 1.4 | 0.9 | 1.1 | 22.4% |
| Oman | 0.4 | 0.4 | 0.8 | 0.9 | 31.0% |
| Lebanon | 3.0 | 3.7 | 1.9 | 0.4 | -48.9% |
| Others | 4.1 | 6.4 | 7.5 | 2.3 | -17.5% |
| Total | 46.2 | 60.3 | 53.9 | 43.2 | -2.2% |
Top Export Markets for Cheese, Other than Blue-Veined, Grated, Powdered or Processed from Egypt in 2022:
- Saudi Arabia (1738.2 tons)
- United Arab Emirates (951.0 tons)
- Libya (858.8 tons)
- Jordan (828.5 tons)
- Palestine (793.0 tons)
- Oman (387.0 tons)
- Iraq (334.3 tons)
- Kuwait (298.3 tons)
- Russia (226.4 tons)
- Yemen (225.2 tons)
- Vietnam (201.1 tons)
- United States (164.7 tons)
- Lebanon (68.4 tons)
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