Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in the UK - 2023
Contents:
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in the UK (CIF) - 2023
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in the UK (FOB) - 2023
- Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in the UK
- Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in the UK
Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in the UK (CIF) - 2023
The average import price for cheese, other than blue-veined, grated, powdered or processed stood at $6,986 per ton in November 2023, picking up by 13% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in February 2023 an increase of 117% against the previous month. As a result, import price reached the peak level of $9,442 per ton. From March 2023 to November 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Italy ($13,487 per ton), while the price for Ireland ($4,056 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by France (+1.2%), 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 the UK (FOB) - 2023
In November 2023, the average export price for cheese, other than blue-veined, grated, powdered or processed amounted to $5,817 per ton, declining by -8% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 20% month-to-month. Over the period under review, the average export prices attained the peak figure at $7,083 per ton in September 2023; however, from October 2023 to November 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was Canada ($11,181 per ton), while the average price for exports to Bahrain ($3,904 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 France (+8.3%), 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 the UK
In 2022, the amount of cheese, other than blue-veined, grated, powdered or processed imported into the UK contracted to 173K tons, with a decrease of -4% against the previous year. In general, imports showed a abrupt descent.
In value terms, imports of cheese, other than blue-veined, grated, powdered or processed rose remarkably to $1.1B in 2022. Over the period under review, imports showed a perceptible curtailment.
| Import of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 186 | 158 | 177 | 195 | 1.6% |
| Ireland | 429 | 412 | 302 | 189 | -23.9% |
| Cyprus | 123 | 143 | 128 | 159 | 8.9% |
| Italy | 139 | 143 | 120 | 144 | 1.2% |
| Netherlands | 131 | 117 | 53.0 | 116 | -4.0% |
| Greece | 63.0 | 62.9 | 58.5 | 103 | 17.8% |
| Germany | 84.1 | 76.8 | 24.9 | 46.1 | -18.2% |
| Others | 105 | 128 | 188 | 165 | 16.3% |
| Total | 1,260 | 1,241 | 1,052 | 1,117 | -3.9% |
Top Suppliers of Cheese, Other than Blue-Veined, Grated, Powdered or Processed to the UK in 2022:
- Ireland (46.3K tons)
- France (27.4K tons)
- Cyprus (21.9K tons)
- Netherlands (21.0K tons)
- Greece (14.8K tons)
- Italy (11.7K tons)
- Germany (8.3K tons)
Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in the UK
In 2022, shipments abroad of cheese, other than blue-veined, grated, powdered or processed increased by 18% to 96K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a pronounced decline.
In value terms, exports of cheese, other than blue-veined, grated, powdered or processed soared to $563M in 2022. The total export value increased at an average annual rate of +2.5% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 60.5 | 50.1 | 80.8 | 72.7 | 6.3% |
| United States | 57.8 | 47.6 | 56.6 | 69.8 | 6.5% |
| Netherlands | 60.0 | 31.1 | 42.6 | 53.9 | -3.5% |
| Denmark | 39.8 | 41.2 | 28.3 | 40.1 | 0.3% |
| Germany | 38.7 | 44.9 | 27.6 | 35.2 | -3.1% |
| Ireland | 99.2 | 95.9 | 50.3 | 34.4 | -29.7% |
| Canada | 17.4 | 14.8 | 19.9 | 21.8 | 7.8% |
| Spain | 17.8 | 19.3 | 15.5 | 20.0 | 4.0% |
| Australia | 7.6 | 11.7 | 12.3 | 15.7 | 27.4% |
| Saudi Arabia | 7.0 | 5.6 | 10.1 | 12.4 | 21.0% |
| Others | 118 | 113 | 125 | 187 | 16.6% |
| Total | 524 | 475 | 469 | 563 | 2.4% |
Top Export Markets for Cheese, Other than Blue-Veined, Grated, Powdered or Processed from the UK in 2022:
- France (13.9K tons)
- Netherlands (10.4K tons)
- Denmark (9.3K tons)
- United States (8.6K tons)
- Ireland (6.6K tons)
- Germany (6.0K tons)
- Spain (3.7K tons)
- Canada (2.1K tons)
- Saudi Arabia (2.0K tons)
- Australia (1.7K tons)
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