Price for Cheese of All Kinds, Grated or Powdered in Australia - 2024
Contents:
- Price for Cheese of All Kinds, Grated or Powdered in Australia (CIF) - 2024
- Price for Cheese of All Kinds, Grated or Powdered in Australia (FOB) - 2024
- Imports of Cheese of All Kinds, Grated or Powdered in Australia
- Exports of Cheese of All Kinds, Grated or Powdered in Australia
Price for Cheese of All Kinds, Grated or Powdered in Australia (CIF) - 2024
In December 2023, the average import price for cheese of all kinds, grated or powdered amounted to $4,245 per ton, picking up by 3.2% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 12% m-o-m. Over the period under review, average import prices hit record highs at $4,845 per ton in April 2023; however, from May 2023 to December 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Italy ($10,166 per ton), while the price for New Zealand ($3,834 per ton) was amongst the lowest.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by New Zealand (+0.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cheese of All Kinds, Grated or Powdered in Australia (FOB) - 2024
The average export price for cheese of all kinds, grated or powdered stood at $8,893 per ton in December 2023, with an increase of 5.5% against the previous month. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 7.5% month-to-month. Over the period under review, the average export prices attained the maximum at $9,016 per ton in March 2023; however, from April 2023 to December 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($12,764 per ton), while the average price for exports to the United Arab Emirates ($5,137 per ton) was amongst the lowest.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cheese of All Kinds, Grated or Powdered in Australia
In 2022, the amount of cheese of all kinds, grated or powdered imported into Australia expanded rapidly to 14K tons, surging by 15% on 2021 figures. The total import volume increased at an average annual rate of +1.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years.
In value terms, imports of cheese of all kinds, grated or powdered totaled $58M in 2022. The total import value increased at an average annual rate of +3.0% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 20%. As a result, imports reached the peak of $64M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Cheese of All Kinds, Grated or Powdered in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 40.7 | 48.8 | 39.4 | 39.9 | -0.7% |
| New Zealand | 9.4 | 10.9 | 10.6 | 13.6 | 13.1% |
| Italy | 2.7 | 3.9 | 3.3 | 3.8 | 12.1% |
| Others | 0.1 | 0.2 | 0.1 | 0.4 | 58.7% |
| Total | 53.0 | 63.8 | 53.5 | 57.8 | 2.9% |
Top Suppliers of Cheese of All Kinds, Grated or Powdered to Australia in 2022:
- United States (10.3K tons)
- New Zealand (3.5K tons)
- Italy (0.3K tons)
Exports of Cheese of All Kinds, Grated or Powdered in Australia
In 2022, approx. 5.8K tons of cheese of all kinds, grated or powdered were exported from Australia; surging by 8.4% on 2021 figures. The total export volume increased at an average annual rate of +10.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 29% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of cheese of all kinds, grated or powdered rose significantly to $46M in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +13.2% 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 +44.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in the near future.
| Export of Cheese of All Kinds, Grated or Powdered in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 3.0 | 3.3 | 11.9 | 11.1 | 54.7% |
| Singapore | 4.3 | 4.2 | 4.6 | 6.1 | 12.4% |
| Philippines | 2.4 | 3.2 | 2.7 | 5.8 | 34.2% |
| Indonesia | 5.1 | 3.9 | 5.5 | 5.8 | 4.4% |
| New Zealand | 2.7 | 3.7 | 2.8 | 2.6 | -1.3% |
| Hong Kong SAR | 3.1 | 3.0 | 3.0 | 2.2 | -10.8% |
| China | 2.2 | 2.5 | 2.4 | 2.0 | -3.1% |
| South Korea | 1.0 | 1.5 | 1.8 | 1.7 | 19.3% |
| Fiji | 1.1 | 1.3 | 1.4 | 1.7 | 15.6% |
| Taiwan (Chinese) | 2.1 | 1.5 | 2.7 | 1.5 | -10.6% |
| Thailand | 1.2 | 1.1 | 1.5 | 1.5 | 7.7% |
| Vietnam | 0.9 | 1.0 | 0.7 | 0.9 | 0.0% |
| United Arab Emirates | 1.1 | 0.7 | 0.5 | 0.5 | -23.1% |
| Others | 1.9 | 2.0 | 2.5 | 3.0 | 16.4% |
| Total | 32.1 | 32.7 | 44.0 | 46.5 | 13.1% |
Top Export Markets for Cheese of All Kinds, Grated or Powdered from Australia in 2022:
- Malaysia (1711.6 tons)
- Singapore (726.6 tons)
- Indonesia (646.8 tons)
- Philippines (431.4 tons)
- Hong Kong SAR (307.9 tons)
- China (294.3 tons)
- New Zealand (273.2 tons)
- Fiji (267.0 tons)
- Thailand (162.9 tons)
- South Korea (152.2 tons)
- Taiwan (Chinese) (119.2 tons)
- Vietnam (106.7 tons)
- United Arab Emirates (102.0 tons)
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