Price for Cheese, Blue-Veined (Not Grated, Powdered or Processed) in Estonia - 2023
Contents:
- Price for Cheese, Blue-Veined (Not Grated, Powdered or Processed) in Estonia (CIF) - 2023
- Price for Cheese, Blue-Veined (Not Grated, Powdered or Processed) in Estonia (FOB) - 2022
- Imports of Cheese, Blue-Veined (Not Grated, Powdered or Processed) in Estonia
- Exports of Cheese, Blue-Veined (Not Grated, Powdered or Processed) in Estonia
Price for Cheese, Blue-Veined (Not Grated, Powdered or Processed) in Estonia (CIF) - 2023
In November 2023, the average import price for cheese, blue-veined (not grated, powdered or processed) amounted to $9,772 per ton, approximately reflecting the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.6%. The pace of growth was the most pronounced in December 2022 when the average import price increased by 12% m-o-m. Over the period under review, average import prices attained the peak figure at $9,787 per ton in October 2023, and then declined modestly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Finland ($12,566 per ton), while the price for the Czech Republic ($6,878 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 Germany (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cheese, Blue-Veined (Not Grated, Powdered or Processed) in Estonia (FOB) - 2022
In 2022, the average export price for cheese, blue-veined (not grated, powdered or processed) amounted to $11,382 per ton, rising by 49% against the previous year. Overall, the export price, however, saw a mild contraction. Over the period under review, the average export prices reached the peak figure at $12,840 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Norway ($14,100 per ton) and Finland ($12,051 per ton), while the average price for exports to Latvia ($10,923 per ton) and Lithuania ($11,621 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cheese, Blue-Veined (Not Grated, Powdered or Processed) in Estonia
In 2022, supplies from abroad of cheese, blue-veined (not grated, powdered or processed) decreased by -4.3% to 307 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +12.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 43% against the previous year.
In value terms, imports of cheese, blue-veined (not grated, powdered or processed) shrank modestly to $2.5M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +15.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.1% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 43%.
| Import of Cheese, Blue-Veined (Not Grated, Powdered or Processed) in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,014 | 1,619 | 1,488 | 1,417 | 11.8% |
| Latvia | 7.9 | 261 | 336 | 502 | 299.0% |
| Lithuania | 49.2 | 194 | 260 | 259 | 74.0% |
| Poland | 79.8 | 64.3 | 88.6 | 104 | 9.2% |
| Italy | 113 | 53.6 | 44.1 | 56.3 | -20.7% |
| Finland | 87.1 | 70.3 | 54.5 | 56.1 | -13.6% |
| Czech Republic | N/A | N/A | N/A | 51.7 | 0% |
| Denmark | 158 | 24.5 | 16.5 | 19.3 | -50.4% |
| Hungary | N/A | N/A | 200 | N/A | 0% |
| Others | 94.0 | 12.9 | 16.9 | 6.3 | -59.4% |
| Total | 1,603 | 2,300 | 2,504 | 2,471 | 15.5% |
Top Suppliers of Cheese, Blue-Veined (Not Grated, Powdered or Processed) to Estonia in 2022:
- Germany (183.7 tons)
- Latvia (59.3 tons)
- Lithuania (29.6 tons)
- Poland (9.7 tons)
- Czech Republic (9.5 tons)
- Italy (7.0 tons)
- Finland (5.5 tons)
- Denmark (2.2 tons)
Exports of Cheese, Blue-Veined (Not Grated, Powdered or Processed) in Estonia
In 2022, the amount of cheese, blue-veined (not grated, powdered or processed) exported from Estonia declined markedly to 2.9 tons, waning by -92.5% on the year before. Overall, exports recorded a precipitous descent. The pace of growth was the most pronounced in 2021 with an increase of 486% against the previous year. As a result, the exports attained the peak of 38 tons, and then declined notably in the following year.
In value terms, exports of cheese, blue-veined (not grated, powdered or processed) contracted sharply to $33K in 2022. In general, exports faced a dramatic decrease. The most prominent rate of growth was recorded in 2021 with an increase of 292%. As a result, the exports reached the peak of $293K, and then shrank rapidly in the following year.
| Export of Cheese, Blue-Veined (Not Grated, Powdered or Processed) in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 12.9 | 26.6 | 36.0 | 18.8 | 13.4% |
| Finland | 68.0 | 45.2 | 50.2 | 10.8 | -45.8% |
| Lithuania | 1.7 | 2.6 | 6.7 | 2.7 | 16.7% |
| Norway | 0.2 | N/A | 0.6 | 0.7 | 51.8% |
| Russia | N/A | N/A | 199 | N/A | 0% |
| Others | N/A | 0.4 | 0.7 | N/A | 75.0% |
| Total | 82.9 | 74.8 | 293 | 33.0 | -26.4% |
Top Export Markets for Cheese, Blue-Veined (Not Grated, Powdered or Processed) from Estonia in 2022:
- Latvia (1720.0 kg)
- Finland (895.0 kg)
- Lithuania (235.0 kg)
- Norway (50.0 kg)
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