Price for Cheese of All Kinds, Grated or Powdered in Turkey - 2024
Contents:
- Price for Cheese of All Kinds, Grated or Powdered in Turkey (FOB) - 2024
- Price for Cheese of All Kinds, Grated or Powdered in Turkey (CIF) - 2024
- Exports of Cheese of All Kinds, Grated or Powdered in Turkey
- Imports of Cheese of All Kinds, Grated or Powdered in Turkey
Price for Cheese of All Kinds, Grated or Powdered in Turkey (FOB) - 2024
In December 2023, the average export price for cheese of all kinds, grated or powdered amounted to $5,198 per ton, falling by -3.1% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in March 2023 an increase of 3.5% against the previous month. Over the period under review, the average export prices hit record highs at $5,571 per ton in October 2023; however, from November 2023 to December 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was Oman ($6,513 per ton), while the average price for exports to Thailand ($4,220 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 Thailand (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cheese of All Kinds, Grated or Powdered in Turkey (CIF) - 2024
The average import price for cheese of all kinds, grated or powdered stood at $14,340 per ton in December 2023, leveling off at the previous month. Over the period under review, import price indicated temperate growth from January 2023 to December 2023: its price increased at an average monthly rate of +4.6% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for cheese of all kinds, grated or powdered increased by +76.0% against October 2023 indices. The pace of growth appeared the most rapid in November 2023 when the average import price increased by 75% m-o-m. Over the period under review, average import prices reached the peak figure at $16,305 per ton in March 2023; however, from April 2023 to December 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Denmark ($14,697 per ton), while the price for the Netherlands stood at $7,642 per ton.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Denmark (+7.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Cheese of All Kinds, Grated or Powdered in Turkey
In 2022, exports of cheese of all kinds, grated or powdered from Turkey soared to 5.8K tons, rising by 55% against the previous year. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +8.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of cheese of all kinds, grated or powdered surged to $29M in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +18.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | 7.3 | 11.6 | 10.1 | 14.0 | 24.2% |
| United Arab Emirates | 1.7 | 3.8 | 3.3 | 5.3 | 46.1% |
| Lebanon | 1.5 | 0.9 | 0.5 | 3.0 | 26.0% |
| Oman | 0.1 | N/A | 0.1 | 1.4 | 141.0% |
| Jordan | 0.1 | 0.3 | 0.5 | 0.8 | 100.0% |
| Saudi Arabia | 2.4 | 3.7 | N/A | 0.6 | -37.0% |
| Qatar | 0.6 | 0.3 | 0.3 | 0.5 | -5.9% |
| China | N/A | N/A | N/A | 0.4 | 0% |
| Kuwait | 0.4 | 0.6 | 0.6 | 0.2 | -20.6% |
| Pakistan | 1.5 | 0.8 | N/A | N/A | -46.7% |
| Others | 1.8 | 1.3 | 1.2 | 2.4 | 10.1% |
| Total | 17.4 | 23.3 | 16.6 | 28.8 | 18.3% |
Top Export Markets for Cheese of All Kinds, Grated or Powdered from Turkey in 2022:
- Iraq (2777.7 tons)
- United Arab Emirates (1105.0 tons)
- Lebanon (651.5 tons)
- Oman (298.8 tons)
- Jordan (168.1 tons)
- Saudi Arabia (108.9 tons)
- China (105.0 tons)
- Qatar (85.5 tons)
- Kuwait (37.8 tons)
Imports of Cheese of All Kinds, Grated or Powdered in Turkey
In 2022, imports of cheese of all kinds, grated or powdered into Turkey was estimated at 120 tons, approximately equating the year before. Over the period under review, imports recorded a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 337% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in the near future.
In value terms, imports of cheese of all kinds, grated or powdered soared to $957K in 2022. In general, imports posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 329%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Cheese of All Kinds, Grated or Powdered in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 66.7 | 132 | 768 | 710 | 120.0% |
| Netherlands | 21.5 | 12.0 | 10.4 | 173 | 100.4% |
| Czech Republic | N/A | N/A | N/A | 59.5 | 0% |
| Italy | 29.0 | 8.8 | 7.2 | 4.8 | -45.1% |
| United Arab Emirates | 239 | N/A | 5.8 | N/A | -84.4% |
| Others | 18.3 | 38.1 | 25.3 | 10.8 | -16.1% |
| Total | 374 | 191 | 817 | 957 | 36.8% |
Top Suppliers of Cheese of All Kinds, Grated or Powdered to Turkey in 2022:
- Denmark (93.2 tons)
- Netherlands (17.4 tons)
- Czech Republic (6.5 tons)
- Italy (0.9 tons)
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