Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Finland - 2023
Contents:
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Finland (CIF) - 2023
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Finland (FOB) - 2023
- Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Finland
- Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Finland
Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Finland (CIF) - 2023
In August 2023, the average import price for cheese, other than blue-veined, grated, powdered or processed amounted to $6,296 per ton, increasing by 3.4% against the previous month. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in November 2022 an increase of 9% against the previous month. Over the period under review, average import prices reached the maximum at $6,651 per ton in June 2023; however, from July 2023 to August 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($10,641 per ton), while the price for Denmark ($5,044 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Cyprus (+3.5%), 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 Finland (FOB) - 2023
In October 2023, the average export price for cheese, other than blue-veined, grated, powdered or processed amounted to $6,409 per ton, growing by 29% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.7%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In October 2023, the country with the highest price was Russia ($12,053 per ton), while the average price for exports to the United States ($6,174 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 Kazakhstan (+3.1%), 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 Finland
In 2022, supplies from abroad of cheese, other than blue-veined, grated, powdered or processed decreased by -0.3% to 40K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +4.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 21%. As a result, imports attained the peak of 42K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of cheese, other than blue-veined, grated, powdered or processed rose markedly to $229M in 2022. The total import value increased at an average annual rate of +2.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. 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 Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 79.0 | 69.4 | 74.0 | 80.0 | 0.4% |
| Germany | 38.4 | 46.3 | 48.3 | 49.8 | 9.1% |
| Estonia | 18.3 | 19.0 | 17.5 | 22.8 | 7.6% |
| Sweden | 16.3 | 15.5 | 18.0 | 21.4 | 9.5% |
| Netherlands | 22.9 | 16.9 | 14.7 | 15.4 | -12.4% |
| Italy | 7.1 | 10.3 | 11.6 | 14.3 | 26.3% |
| Cyprus | 6.1 | 7.9 | 6.5 | 7.1 | 5.2% |
| France | 9.2 | 6.2 | 3.6 | 3.3 | -28.9% |
| Others | 12.8 | 9.6 | 11.8 | 14.8 | 5.0% |
| Total | 210 | 201 | 206 | 229 | 2.9% |
Top Suppliers of Cheese, Other than Blue-Veined, Grated, Powdered or Processed to Finland in 2022:
- Denmark (15.9K tons)
- Germany (9.1K tons)
- Estonia (3.9K tons)
- Sweden (3.2K tons)
- Netherlands (2.5K tons)
- Italy (1.6K tons)
- Cyprus (1.0K tons)
- France (0.4K tons)
Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Finland
In 2022, shipments abroad of cheese, other than blue-veined, grated, powdered or processed decreased by -26% to 9K tons, falling for the second year in a row after two years of growth. In general, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 1.5% against the previous year. As a result, the exports reached the peak of 14K 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 declined to $45M in 2022. Overall, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2020 when exports increased by 3.2%. As a result, the exports attained the peak of $58M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 10.3 | 12.2 | 13.6 | 13.7 | 10.0% |
| Belgium | 5.2 | 6.4 | 11.7 | 13.2 | 36.4% |
| Sweden | 3.3 | 3.4 | 3.8 | 3.9 | 5.7% |
| Cyprus | 2.7 | 2.8 | 2.8 | 2.8 | 1.2% |
| Denmark | 3.8 | 2.1 | 1.7 | 2.0 | -19.3% |
| Italy | 1.5 | 0.8 | 1.1 | 1.8 | 6.3% |
| Netherlands | 10.3 | 8.0 | 2.7 | 1.6 | -46.2% |
| France | 3.5 | 3.6 | 1.9 | 1.6 | -23.0% |
| Estonia | 1.4 | 1.7 | 1.5 | 1.4 | 0.0% |
| Germany | 1.5 | 3.0 | 0.5 | 0.5 | -30.7% |
| Poland | 2.4 | 1.8 | 1.9 | 0.4 | -45.0% |
| Japan | 8.5 | 8.9 | 4.3 | 0.3 | -67.2% |
| Others | 2.0 | 3.6 | 3.2 | 2.3 | 4.8% |
| Total | 56.5 | 58.4 | 50.8 | 45.4 | -7.0% |
Top Export Markets for Cheese, Other than Blue-Veined, Grated, Powdered or Processed from Finland in 2022:
- Belgium (2622.5 tons)
- United States (2462.9 tons)
- Sweden (760.1 tons)
- Cyprus (566.6 tons)
- Denmark (566.4 tons)
- Italy (386.3 tons)
- Netherlands (381.0 tons)
- France (317.5 tons)
- Estonia (301.5 tons)
- Poland (75.5 tons)
- Germany (68.0 tons)
- Japan (47.2 tons)
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