Price for Cheese of All Kinds, Grated or Powdered in the UK - 2023
Contents:
- Price for Cheese of All Kinds, Grated or Powdered in the UK (CIF) - 2023
- Price for Cheese of All Kinds, Grated or Powdered in the UK (FOB) - 2023
- Imports of Cheese of All Kinds, Grated or Powdered in the UK
- Exports of Cheese of All Kinds, Grated or Powdered in the UK
Price for Cheese of All Kinds, Grated or Powdered in the UK (CIF) - 2023
In November 2023, the average import price for cheese of all kinds, grated or powdered amounted to $8,898 per ton, leveling off at the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 5.2% m-o-m. The import price peaked at $9,792 per ton in May 2023; however, from June 2023 to November 2023, 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 ($12,268 per ton), while the price for France ($4,378 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Denmark (+0.7%), while the prices for the other major suppliers experienced a decline.
Price for Cheese of All Kinds, Grated or Powdered in the UK (FOB) - 2023
In November 2023, the average export price for cheese of all kinds, grated or powdered amounted to $4,435 per ton, declining by -7.3% against the previous month. In general, the export price recorded a noticeable shrinkage. The pace of growth was the most pronounced in February 2023 an increase of 5.2% month-to-month. Over the period under review, the average export prices reached the maximum at $5,890 per ton in December 2022; however, from January 2023 to November 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In November 2023, the country with the highest price was the Netherlands ($7,558 per ton), while the average price for exports to Malaysia ($1,101 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cheese of All Kinds, Grated or Powdered in the UK
After two years of decline, purchases abroad of cheese of all kinds, grated or powdered increased by 64% to 17K tons in 2022. Over the period under review, total imports indicated a moderate expansion from 2019 to 2022: its volume increased at an average annual rate of +2.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained 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 $144M in 2022. In general, imports showed a strong increase. 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 the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 33.1 | 42.9 | 52.0 | 72.1 | 29.6% |
| Denmark | 19.8 | 24.8 | 12.0 | 33.3 | 18.9% |
| Ireland | 13.4 | 10.3 | 10.7 | 20.7 | 15.6% |
| Netherlands | 4.5 | 2.9 | 2.1 | 9.9 | 30.1% |
| France | 5.1 | 1.8 | 0.8 | 4.6 | -3.4% |
| Belgium | 2.6 | 1.0 | 3.8 | 0.2 | -57.5% |
| Others | 5.5 | 2.9 | 2.1 | 2.9 | -19.2% |
| Total | 84.0 | 86.6 | 83.6 | 144 | 19.7% |
Top Suppliers of Cheese of All Kinds, Grated or Powdered to the UK in 2022:
- Italy (6.2K tons)
- Denmark (4.3K tons)
- Ireland (3.6K tons)
- Netherlands (1.6K tons)
- France (1.0K tons)
Exports of Cheese of All Kinds, Grated or Powdered in the UK
In 2022, exports of cheese of all kinds, grated or powdered from the UK skyrocketed to 15K tons, picking up by 44% on 2021. In general, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +13.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.5% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of cheese of all kinds, grated or powdered soared to $78M in 2022. Overall, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cheese of All Kinds, Grated or Powdered in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 6.4 | 6.7 | 10.9 | 30.1 | 67.5% |
| Ireland | 10.7 | 13.7 | 8.9 | 11.9 | 3.6% |
| Netherlands | 1.4 | 1.5 | 5.3 | 6.3 | 65.1% |
| Lebanon | 3.1 | 2.9 | 2.6 | 5.7 | 22.5% |
| Hong Kong SAR | 1.8 | 2.1 | 2.7 | 3.4 | 23.6% |
| Dominican Republic | 0.1 | 0.6 | 0.7 | 2.4 | 188.4% |
| South Korea | 0.2 | 1.6 | 1.2 | 1.5 | 95.7% |
| Belgium | 0.1 | 0.2 | 0.3 | 1.4 | 141.0% |
| Taiwan (Chinese) | 0.9 | 0.8 | 0.5 | 1.3 | 13.0% |
| United Arab Emirates | 2.3 | 2.1 | 2.1 | 0.9 | -26.9% |
| Denmark | 0.1 | 0.9 | 0.7 | 0.9 | 108.0% |
| China | 4.1 | 2.4 | 1.6 | 0.7 | -44.5% |
| Others | 13.0 | 10.5 | 11.5 | 11.5 | -4.0% |
| Total | 44.2 | 46.1 | 49.1 | 77.9 | 20.8% |
Top Export Markets for Cheese of All Kinds, Grated or Powdered from the UK in 2022:
- France (6.5K tons)
- Ireland (2.1K tons)
- Netherlands (1.2K tons)
- Lebanon (1.2K tons)
- Hong Kong SAR (0.6K tons)
- Dominican Republic (0.4K tons)
- Taiwan (Chinese) (0.3K tons)
- Denmark (0.3K tons)
- Belgium (0.3K tons)
- South Korea (0.3K tons)
- United Arab Emirates (0.2K tons)
- China (0.1K tons)
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