Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Hungary - 2023
Contents:
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Hungary (CIF) - 2023
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Hungary (FOB) - 2023
- Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Hungary
- Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Hungary
Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Hungary (CIF) - 2023
In October 2023, the average import price for cheese, other than blue-veined, grated, powdered or processed amounted to $4,132 per ton, falling by -21.7% against the previous month. Over the period under review, the import price saw a perceptible reduction. The pace of growth was the most pronounced in April 2023 an increase of 15% m-o-m. Over the period under review, average import prices attained the maximum at $5,816 per ton in December 2022; however, from January 2023 to October 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Serbia.
From October 2022 to October 2023, the rate of growth in terms of prices for Austria amounted to +2.1% per month.
Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Hungary (FOB) - 2023
In October 2023, the average export price for cheese, other than blue-veined, grated, powdered or processed amounted to $6,227 per ton, increasing by 2.4% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 an increase of 15% against the previous month. The export price peaked at $7,288 per ton in January 2023; however, from February 2023 to October 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major external markets. In October 2023, the countries with the highest prices were Jordan ($7,030 per ton) and Lebanon ($6,453 per ton), while the average price for exports to Serbia ($5,144 per ton) and the UK ($6,169 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 the United Arab Emirates (+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 Hungary
In 2022, overseas purchases of cheese, other than blue-veined, grated, powdered or processed decreased by -11.6% to 37K tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a perceptible reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 2.8%. As a result, imports attained the peak of 43K 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 amounted to $202M in 2022. The total import value increased at an average annual rate of +7.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 9% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.
| Import of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 96.4 | 97.7 | 116 | 122 | 8.2% |
| Poland | 22.3 | 23.3 | 21.1 | 26.0 | 5.3% |
| Netherlands | 11.6 | 10.3 | 11.2 | 14.2 | 7.0% |
| Austria | 6.5 | 7.4 | 7.7 | 8.6 | 9.8% |
| Slovakia | 9.6 | 12.4 | 7.9 | 7.4 | -8.3% |
| Italy | 4.5 | 5.7 | 6.8 | 7.2 | 17.0% |
| Denmark | 2.2 | 2.4 | 2.3 | 2.9 | 9.6% |
| Others | 11.7 | 12.2 | 13.9 | 13.6 | 5.1% |
| Total | 165 | 171 | 187 | 202 | 7.0% |
Top Suppliers of Cheese, Other than Blue-Veined, Grated, Powdered or Processed to Hungary in 2022:
- Germany (23.5K tons)
- Poland (4.8K tons)
- Netherlands (2.5K tons)
- Austria (1.4K tons)
- Slovakia (1.4K tons)
- Italy (0.8K tons)
- Denmark (0.7K tons)
Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Hungary
In 2022, shipments abroad of cheese, other than blue-veined, grated, powdered or processed was finally on the rise to reach 14K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a pronounced slump.
In value terms, exports of cheese, other than blue-veined, grated, powdered or processed soared to $81M in 2022. The total export value increased at an average annual rate of +2.6% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lebanon | 20.0 | 10.9 | 7.3 | 13.9 | -11.4% |
| United Kingdom | 5.7 | 6.6 | 8.3 | 11.4 | 26.0% |
| Saudi Arabia | 7.6 | 8.5 | 9.2 | 11.2 | 13.8% |
| Serbia | 5.3 | 4.4 | 4.8 | 7.4 | 11.8% |
| Romania | 5.6 | 5.0 | 6.5 | 7.0 | 7.7% |
| United Arab Emirates | 3.2 | 4.5 | 3.8 | 4.7 | 13.7% |
| Czech Republic | 2.2 | 3.3 | 1.9 | 4.6 | 27.9% |
| Jordan | 6.6 | 6.9 | 7.1 | 4.4 | -12.6% |
| Germany | 2.8 | 3.4 | 3.6 | 3.8 | 10.7% |
| Kosovo | N/A | 2.0 | 2.2 | 2.1 | 2.5% |
| Slovakia | 2.6 | 2.7 | 1.5 | 1.1 | -24.9% |
| Others | 13.4 | 13.9 | 12.2 | 9.6 | -10.5% |
| Total | 75.1 | 72.1 | 68.5 | 81.2 | 2.6% |
Top Export Markets for Cheese, Other than Blue-Veined, Grated, Powdered or Processed from Hungary in 2022:
- Lebanon (2.2K tons)
- United Kingdom (2.0K tons)
- Saudi Arabia (1.8K tons)
- Romania (1.6K tons)
- Serbia (1.3K tons)
- Czech Republic (0.9K tons)
- Jordan (0.7K tons)
- United Arab Emirates (0.7K tons)
- Germany (0.6K tons)
- Kosovo (0.4K tons)
- Slovakia (0.2K tons)
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