Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Italy - 2023
Contents:
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Italy (FOB) - 2023
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Italy (CIF) - 2023
- Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Italy
- Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Italy
Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Italy (FOB) - 2023
In October 2023, the average export price for cheese, other than blue-veined, grated, powdered or processed amounted to $13,050 per ton, increasing by 4.3% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in November 2022 an increase of 6% against the previous month. Over the period under review, the average export prices reached the maximum in October 2023.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($14,824 per ton), while the average price for exports to China ($9,847 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 Japan (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Italy (CIF) - 2023
The average import price for cheese, other than blue-veined, grated, powdered or processed stood at $7,265 per ton in October 2023, jumping by 35% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Switzerland.
From October 2022 to October 2023, the rate of growth in terms of prices for Greece amounted to +2.7% per month.
Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Italy
In 2022, approx. 198K tons of cheese, other than blue-veined, grated, powdered or processed were exported from Italy; stabilizing at 2021 figures. The total export volume increased at an average annual rate of +3.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 10% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of cheese, other than blue-veined, grated, powdered or processed dropped to $2.2B in 2022. The total export value increased at an average annual rate of +5.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 20%. As a result, the exports attained the peak of $2.2B, leveling off in the following year.
| Export of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 351 | 292 | 406 | 403 | 4.7% |
| Germany | 340 | 359 | 407 | 379 | 3.7% |
| France | 192 | 187 | 220 | 228 | 5.9% |
| United Kingdom | 141 | 146 | 135 | 125 | -3.9% |
| Spain | 89.7 | 86.1 | 101 | 102 | 4.4% |
| Canada | 66.5 | 74.3 | 86.0 | 90.8 | 10.9% |
| Netherlands | 57.9 | 61.5 | 77.0 | 79.7 | 11.2% |
| Switzerland | 73.8 | 83.0 | 85.6 | 70.8 | -1.4% |
| Belgium | 50.5 | 54.1 | 72.0 | 70.4 | 11.7% |
| Austria | 47.3 | 52.1 | 62.3 | 54.4 | 4.8% |
| Sweden | 43.4 | 43.7 | 53.8 | 52.2 | 6.3% |
| Japan | 38.5 | 33.2 | 31.7 | 41.9 | 2.9% |
| Australia | 37.6 | 34.6 | 43.2 | 41.0 | 2.9% |
| Others | 337 | 307 | 397 | 425 | 8.0% |
| Total | 1,867 | 1,813 | 2,178 | 2,164 | 5.0% |
Top Export Markets for Cheese, Other than Blue-Veined, Grated, Powdered or Processed from Italy in 2022:
- Germany (34.8K tons)
- United States (32.1K tons)
- France (20.2K tons)
- Spain (10.8K tons)
- United Kingdom (9.9K tons)
- Netherlands (7.3K tons)
- Canada (7.2K tons)
- Switzerland (6.4K tons)
- Belgium (6.2K tons)
- Austria (5.4K tons)
- Sweden (4.4K tons)
- Japan (4.4K tons)
- Australia (4.0K tons)
Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Italy
In 2022, approx. 262K tons of cheese, other than blue-veined, grated, powdered or processed were imported into Italy; approximately mirroring 2021 figures. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 6.7%.
In value terms, imports of cheese, other than blue-veined, grated, powdered or processed skyrocketed to $1.4B in 2022. The total import value increased at an average annual rate of +8.1% over the period from 2019 to 2022; the trend pattern indicated some 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 Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 458 | 406 | 493 | 560 | 6.9% |
| Netherlands | 118 | 124 | 127 | 152 | 8.8% |
| Czech Republic | 96.2 | 98.6 | 120 | 146 | 14.9% |
| France | 123 | 114 | 124 | 124 | 0.3% |
| Poland | 44.6 | 35.3 | 52.3 | 87.5 | 25.2% |
| Greece | 49.0 | 54.7 | 68.4 | 87.2 | 21.2% |
| Switzerland | 55.1 | 55.8 | 59.2 | 64.1 | 5.2% |
| Lithuania | 27.7 | 20.8 | 29.0 | 57.7 | 27.7% |
| Austria | 37.1 | 33.5 | 35.5 | 30.0 | -6.8% |
| Belgium | 23.0 | 21.3 | 21.9 | 20.0 | -4.6% |
| Others | 82.7 | 73.8 | 68.0 | 78.6 | -1.7% |
| Total | 1,114 | 1,038 | 1,199 | 1,408 | 8.1% |
Top Suppliers of Cheese, Other than Blue-Veined, Grated, Powdered or Processed to Italy in 2022:
- Germany (105.3K tons)
- Czech Republic (30.5K tons)
- Netherlands (29.2K tons)
- France (24.5K tons)
- Poland (17.2K tons)
- Greece (12.2K tons)
- Lithuania (11.1K tons)
- Switzerland (9.3K tons)
- Austria (5.1K tons)
- Belgium (3.8K tons)
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