Montenegro: Cheese Market 2020

Cheese Market Size in Montenegro

The revenue of the cheese market in Montenegro amounted to $X in 2018, lowering by -X% against the previous year. Overall, the total market indicated a prominent expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cheese consumption increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2008 when the market value increased by X% year-to-year. Montenegro cheese consumption peaked at $X in 2017, and then declined slightly in the following year.

Cheese Production in Montenegro

In value terms, cheese production stood at $X in 2018 estimated in export prices. Over the period under review, cheese production continues to indicate a strong expansion. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Montenegro cheese production peaked at $X in 2017, and then declined slightly in the following year.

Cheese Exports

Exports from Montenegro

Cheese exports from Montenegro amounted to X tons in 2018, rising by X% against the previous year. Overall, the total exports indicated strong growth from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cheese exports increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2010 when exports increased by X% year-to-year. Over the period under review, cheese exports attained their peak figure in 2018 and are likely to continue its growth in the immediate term.

In value terms, cheese exports stood at $X in 2018. Over the period under review, cheese exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. In that year, cheese exports reached their peak of $X, and then declined slightly in the following year.

Exports by Country

The countries with the highest levels of cheese exports in 2018 were Germany (X tons), the Netherlands (X tons) and France (X tons), together amounting to X% of total export. It was distantly followed by Italy (X tons), Denmark (X tons), the U.S. (X tons) and New Zealand (X tons), together creating a X% share of total exports. Poland (X tons), Belgium (X tons), Ireland (X tons), Belarus (X tons) and the UK (X tons) took a relatively small share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the U.S., while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and France ($X) constituted the countries with the highest levels of exports in 2018, together accounting for X% of total exports. Italy, Denmark, the U.S., New Zealand, Belgium, Ireland, Poland, the UK, Belarus and Montenegro lagged somewhat behind, together accounting for a further X terms of the main exporting countries, the U.S. recorded the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The cheese export price in Montenegro stood at $X per ton in 2018, shrinking by -X% against the previous year. Overall, the cheese export price, however, continues to indicate a prominent expansion. The growth pace was the most rapid in 2008 an increase of X% against the previous year. Over the period under review, the export prices for cheese attained their peak figure at $X per ton in 2017, and then declined slightly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by New Zealand, while the other leaders experienced more modest paces of growth.

Cheese Imports

Imports into Montenegro

Cheese imports into Montenegro totaled X tons in 2018, surging by X% against the previous year. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Over the period under review, cheese imports attained their peak figure at X tons in 2016; however, from 2017 to 2018, imports remained at a lower figure.

In value terms, cheese imports totaled $X in 2018. The total import value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. Montenegro imports peaked at $X in 2013; however, from 2014 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, Germany (X tons), followed by Italy (X tons), the UK (X tons), France (X tons), the Netherlands (X tons) and Belgium (X tons) were the largest importers of cheese, together constituting X% of total imports. The following importers - Japan (X tons), Spain (X tons), Russia (X tons), the U.S. (X tons), Saudi Arabia (X tons) and Greece (X tons) - together made up X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the UK ($X) and Italy ($X) constituted the countries with the highest levels of imports in 2018, together comprising X% of total imports. France, Belgium, the Netherlands, Japan, Spain, the U.S., Russia, Saudi Arabia, Greece and Montenegro lagged somewhat behind, together comprising a further X terms of the main importing countries, the Netherlands experienced the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the cheese import price in Montenegro amounted to $X per ton, increasing by X% against the previous year. In general, the cheese import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when the import price increased by X% against the previous year. In that year, the import prices for cheese attained their peak level of $X per ton. From 2009 to 2018, the growth in terms of the import prices for cheese remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per ton), while Greece ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform