Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Japan - 2023
Contents:
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Japan (CIF) - 2023
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Japan (FOB) - 2023
- Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Japan
- Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Japan
Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Japan (CIF) - 2023
In November 2023, the average import price for cheese, other than blue-veined, grated, powdered or processed amounted to $4,905 per ton, remaining constant against the previous month. Overall, the import price showed a mild descent. The pace of growth was the most pronounced in January 2023 an increase of 4.6% against the previous month. As a result, import price reached the peak level of $6,192 per ton. From February 2023 to November 2023, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In November 2023, the countries with the highest prices were Australia ($5,492 per ton) and New Zealand ($5,237 per ton), while the price for Belgium ($3,706 per ton) and the Netherlands ($3,845 per ton) were amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by New Zealand (-0.2%), while the prices for the other major suppliers experienced a decline.
Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Japan (FOB) - 2023
The average export price for cheese, other than blue-veined, grated, powdered or processed stood at $13,225 per ton in November 2023, remaining relatively unchanged against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2023 when the average export price increased by 38% m-o-m. Over the period under review, the average export prices reached the maximum at $14,396 per ton in December 2022; however, from January 2023 to November 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was the Philippines ($38,590 per ton), while the average price for exports to Hong Kong SAR ($10,285 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+9.4%), 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 Japan
In 2022, after three years of growth, there was significant decline in purchases abroad of cheese, other than blue-veined, grated, powdered or processed, when their volume decreased by -5.6% to 184K tons. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 2.6% against the previous year.
In value terms, imports of cheese, other than blue-veined, grated, powdered or processed rose remarkably to $910M in 2022. The total import value increased at an average annual rate of +5.5% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 200 | 195 | 192 | 223 | 3.7% |
| United States | 77.0 | 85.2 | 93.2 | 127 | 18.2% |
| Netherlands | 114 | 114 | 124 | 125 | 3.1% |
| Australia | 132 | 121 | 99.3 | 115 | -4.5% |
| Germany | 59.8 | 91.3 | 90.1 | 82.3 | 11.2% |
| Ireland | 44.0 | 63.5 | 67.4 | 78.6 | 21.3% |
| Denmark | 48.6 | 46.0 | 53.2 | 53.5 | 3.3% |
| Others | 98.8 | 92.4 | 104 | 106 | 2.4% |
| Total | 774 | 808 | 824 | 910 | 5.5% |
Top Suppliers of Cheese, Other than Blue-Veined, Grated, Powdered or Processed to Japan in 2022:
- New Zealand (47.0K tons)
- Netherlands (28.5K tons)
- United States (27.2K tons)
- Australia (22.4K tons)
- Germany (18.7K tons)
- Ireland (16.0K tons)
- Denmark (11.4K tons)
Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Japan
In 2022, exports of cheese, other than blue-veined, grated, powdered or processed from Japan totaled 370 tons, picking up by 11% against the year before. In general, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +22.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +84.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 38%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, exports of cheese, other than blue-veined, grated, powdered or processed amounted to $4.8M in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +18.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 30% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.
| Export of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 147 | 902 | 1,424 | 1,551 | 119.3% |
| Hong Kong SAR | 1,356 | 1,246 | 1,564 | 1,231 | -3.2% |
| Taiwan (Chinese) | 655 | 803 | 660 | 1,081 | 18.2% |
| Singapore | 164 | 203 | 155 | 201 | 7.0% |
| Thailand | 53.0 | 75.4 | 145 | 189 | 52.8% |
| Philippines | N/A | 41.3 | 205 | 151 | 91.2% |
| China | 265 | 180 | 11.3 | 98.3 | -28.1% |
| Myanmar | N/A | 2.1 | 57.5 | 90.3 | 555.7% |
| South Korea | 136 | 52.6 | 67.6 | 58.8 | -24.4% |
| Cambodia | 35.8 | 90.6 | 50.0 | 41.7 | 5.2% |
| Others | 42.2 | 122 | 43.6 | 86.5 | 27.0% |
| Total | 2,854 | 3,719 | 4,383 | 4,780 | 18.8% |
Top Export Markets for Cheese, Other than Blue-Veined, Grated, Powdered or Processed from Japan in 2022:
- Vietnam (135.7 tons)
- Hong Kong SAR (105.9 tons)
- Taiwan (Chinese) (66.0 tons)
- Singapore (13.7 tons)
- Thailand (12.4 tons)
- Philippines (10.8 tons)
- Myanmar (6.8 tons)
- China (5.6 tons)
- Cambodia (4.9 tons)
- South Korea (3.2 tons)
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