Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Norway - 2024
Contents:
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Norway (CIF) - 2024
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Norway (FOB) - 2022
- Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Norway
- Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Norway
Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Norway (CIF) - 2024
In January 2024, the average import price for cheese, other than blue-veined, grated, powdered or processed amounted to $10,491 per ton, with a decrease of -4.4% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in February 2023 an increase of 14% month-to-month. As a result, import price reached the peak level of $11,052 per ton. From March 2023 to January 2024, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Spain ($21,059 per ton), while the price for Estonia ($4,366 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Spain (+2.1%), 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 Norway (FOB) - 2022
The average export price for cheese, other than blue-veined, grated, powdered or processed stood at $5,429 per ton in 2022, shrinking by -19.6% against the previous year. Over the period under review, the export price saw a pronounced downturn. The growth pace was the most rapid in 2021 an increase of 12% against the previous year. The export price peaked at $7,170 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
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 the UK ($7,570 per ton), while the average price for exports to Denmark ($4,135 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 Denmark (+3.4%), 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 Norway
In 2022, after three years of growth, there was significant decline in supplies from abroad of cheese, other than blue-veined, grated, powdered or processed, when their volume decreased by -8.3% to 8.3K tons. The total import volume increased at an average annual rate of +3.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 11%.
In value terms, imports of cheese, other than blue-veined, grated, powdered or processed shrank to $78M in 2022. The total import value increased at an average annual rate of +5.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 18%. As a result, imports attained the peak of $87M, and then dropped in the following year.
| Import of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 23.4 | 26.8 | 32.7 | 27.2 | 5.1% |
| France | 16.6 | 15.6 | 18.3 | 17.3 | 1.4% |
| Italy | 11.7 | 13.7 | 16.3 | 15.4 | 9.6% |
| Netherlands | 3.3 | 3.7 | 3.5 | 3.5 | 2.0% |
| Spain | 2.8 | 3.4 | 4.0 | 3.4 | 6.7% |
| Greece | 1.5 | 1.8 | 2.3 | 2.2 | 13.6% |
| Ireland | 0.8 | 0.2 | 1.7 | 1.8 | 31.0% |
| United Kingdom | 1.4 | 1.5 | 1.5 | 1.3 | -2.4% |
| Germany | 1.8 | 1.6 | 0.7 | 0.2 | -51.9% |
| Others | 2.8 | 5.0 | 5.9 | 5.7 | 26.7% |
| Total | 66.1 | 73.3 | 86.9 | 78.1 | 5.7% |
Top Suppliers of Cheese, Other than Blue-Veined, Grated, Powdered or Processed to Norway in 2022:
- Denmark (3430.7 tons)
- France (1869.6 tons)
- Italy (1106.8 tons)
- Netherlands (435.7 tons)
- Ireland (256.4 tons)
- Greece (248.2 tons)
- Spain (221.9 tons)
- United Kingdom (135.9 tons)
- Germany (34.4 tons)
Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Norway
In 2022, after two years of decline, there was significant growth in shipments abroad of cheese, other than blue-veined, grated, powdered or processed, when their volume increased by 51% to 4.5K tons. In general, exports, however, continue to indicate a sharp reduction.
In value terms, exports of cheese, other than blue-veined, grated, powdered or processed soared to $24M in 2022. Over the period under review, exports, however, saw a sharp curtailment.
| Export of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 32.5 | 24.0 | 13.5 | 9.8 | -32.9% |
| Sweden | 2.6 | 0.5 | 0.2 | 8.0 | 45.4% |
| Denmark | 0.4 | 0.4 | 0.4 | 2.7 | 89.0% |
| Germany | 2.2 | 1.9 | 1.8 | 1.5 | -12.0% |
| Canada | 4.0 | 2.9 | 0.7 | 1.3 | -31.2% |
| Australia | 7.3 | 6.3 | 1.2 | 0.5 | -59.1% |
| United Kingdom | 4.1 | 3.3 | 1.9 | 0.3 | -58.2% |
| Others | 0.4 | 0.2 | 0.4 | 0.1 | -37.0% |
| Total | 53.3 | 39.5 | 20.0 | 24.3 | -23.0% |
Top Export Markets for Cheese, Other than Blue-Veined, Grated, Powdered or Processed from Norway in 2022:
- Sweden (1789.5 tons)
- United States (1448.2 tons)
- Denmark (661.3 tons)
- Germany (248.4 tons)
- Canada (176.2 tons)
- Australia (93.0 tons)
- United Kingdom (39.2 tons)
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