Price for Cheese of All Kinds, Grated or Powdered in Denmark - 2023
Contents:
- Price for Cheese of All Kinds, Grated or Powdered in Denmark (FOB) - 2023
- Price for Cheese of All Kinds, Grated or Powdered in Denmark (CIF) - 2023
- Exports of Cheese of All Kinds, Grated or Powdered in Denmark
- Imports of Cheese of All Kinds, Grated or Powdered in Denmark
Price for Cheese of All Kinds, Grated or Powdered in Denmark (FOB) - 2023
The average export price for cheese of all kinds, grated or powdered stood at $10,652 per ton in November 2023, with an increase of 3.8% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.1%. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 12% m-o-m. Over the period under review, the average export prices reached the peak figure in November 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Turkey ($13,640 per ton), while the average price for exports to Japan ($8,952 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 Turkey (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cheese of All Kinds, Grated or Powdered in Denmark (CIF) - 2023
The average import price for cheese of all kinds, grated or powdered stood at $7,013 per ton in October 2023, approximately equating the previous month. Overall, import price indicated a mild increase from October 2022 to October 2023: its price increased at an average monthly rate of +1.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for cheese of all kinds, grated or powdered increased by +19.7% against June 2023 indices. The pace of growth was the most pronounced in April 2023 when the average import price increased by 79% m-o-m. As a result, import price attained the peak level of $12,334 per ton. From May 2023 to October 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($13,610 per ton), while the price for Ireland ($2,991 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the UK (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cheese of All Kinds, Grated or Powdered in Denmark
In 2022, shipments abroad of cheese of all kinds, grated or powdered decreased by -5.7% to 24K tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +2.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 16% against the previous year. As a result, the exports attained the peak of 26K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of cheese of all kinds, grated or powdered stood at $192M in 2022. The total export value increased at an average annual rate of +10.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 14%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.
| Export of Cheese of All Kinds, Grated or Powdered in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 21.6 | 28.8 | 32.8 | 37.4 | 20.1% |
| United Kingdom | 29.3 | 33.2 | 24.3 | 34.7 | 5.8% |
| China | 10.8 | 12.9 | 19.2 | 21.2 | 25.2% |
| Japan | 19.2 | 17.4 | 19.8 | 20.6 | 2.4% |
| Sweden | 9.7 | 11.5 | 12.0 | 11.6 | 6.1% |
| El Salvador | 4.2 | 4.3 | 4.6 | 7.9 | 23.4% |
| Spain | 4.2 | 6.0 | 6.2 | 7.1 | 19.1% |
| Norway | 2.8 | 3.2 | 4.6 | 4.7 | 18.8% |
| South Korea | 3.0 | 4.6 | 5.3 | 4.3 | 12.7% |
| Malaysia | 2.6 | 2.9 | 4.6 | 3.4 | 9.4% |
| Italy | 2.8 | 3.3 | 3.6 | 2.3 | -6.3% |
| Finland | 2.1 | 2.4 | 2.7 | 1.5 | -10.6% |
| Others | 29.1 | 31.3 | 37.6 | 35.7 | 7.1% |
| Total | 141 | 162 | 177 | 192 | 10.8% |
Top Export Markets for Cheese of All Kinds, Grated or Powdered from Denmark in 2022:
- Germany (5.4K tons)
- United Kingdom (4.4K tons)
- Japan (2.7K tons)
- China (2.1K tons)
- Sweden (1.6K tons)
- Spain (0.9K tons)
- El Salvador (0.8K tons)
- Norway (0.5K tons)
- Malaysia (0.4K tons)
- South Korea (0.4K tons)
- Italy (0.3K tons)
- Finland (0.3K tons)
Imports of Cheese of All Kinds, Grated or Powdered in Denmark
In 2022, the amount of cheese of all kinds, grated or powdered imported into Denmark surged to 3.7K tons, increasing by 32% on the year before. The total import volume increased at an average annual rate of +9.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of cheese of all kinds, grated or powdered skyrocketed to $25M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +17.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.7% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cheese of All Kinds, Grated or Powdered in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 6.1 | 4.3 | 4.3 | 7.8 | 8.5% |
| Italy | 4.0 | 4.3 | 4.5 | 5.5 | 11.2% |
| Germany | 3.0 | 4.5 | 5.9 | 5.2 | 20.1% |
| Ireland | 0.2 | 0.2 | 0.3 | 2.7 | 138.1% |
| Sweden | 0.6 | 0.4 | 0.3 | 1.2 | 26.0% |
| United Kingdom | 0.5 | 0.4 | 0.8 | 1.1 | 30.1% |
| France | 0.1 | 0.3 | 0.4 | 0.7 | 91.3% |
| Belgium | 0.6 | 0.1 | 0.2 | 0.2 | -30.7% |
| Others | 0.5 | 0.6 | 0.3 | 0.4 | -7.2% |
| Total | 15.5 | 15.1 | 16.9 | 24.9 | 17.1% |
Top Suppliers of Cheese of All Kinds, Grated or Powdered to Denmark in 2022:
- Netherlands (1535.8 tons)
- Germany (708.3 tons)
- Italy (478.1 tons)
- Ireland (320.3 tons)
- United Kingdom (290.4 tons)
- France (141.4 tons)
- Sweden (126.2 tons)
- Belgium (39.9 tons)
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