Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Chile - 2023
Contents:
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Chile (CIF) - 2023
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Chile (FOB) - 2022
- Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Chile
- Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Chile
Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Chile (CIF) - 2023
In December 2023, the average import price for cheese, other than blue-veined, grated, powdered or processed amounted to $4,389 per ton, falling by -4% against the previous month. Over the period under review, the import price recorded a slight shrinkage. The pace of growth appeared the most rapid in July 2023 when the average import price increased by 6.6% against the previous month. The import price peaked at $5,359 per ton in January 2023; however, from February 2023 to December 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In December 2023, the highest price was recorded for prices from New Zealand ($5,548 per ton) and the United States ($5,108 per ton), while the price for Germany ($4,224 per ton) and the Netherlands ($4,233 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by New Zealand (-0.5%), while the prices for the other major suppliers experienced a decline.
Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Chile (FOB) - 2022
The average export price for cheese, other than blue-veined, grated, powdered or processed stood at $4,818 per ton in 2022, increasing by 7.6% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 20%. Over the period under review, the average export prices attained the maximum at $4,991 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Russia ($6,070 per ton) and Venezuela ($5,282 per ton), while the average price for exports to the United States ($4,173 per ton) and South Korea ($4,651 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 Russia (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Chile
After three years of growth, purchases abroad of cheese, other than blue-veined, grated, powdered or processed decreased by -31.4% to 30K tons in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +10.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 53% against the previous year.
In value terms, imports of cheese, other than blue-veined, grated, powdered or processed reduced markedly to $142M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +16.8% 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 +59.4% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 41% against the previous year. As a result, imports reached the peak of $170M, and then shrank markedly in the following year.
Import of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Chile (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Argentina | 22.0 | 32.8 | 40.2 | 57.7 | 37.9% |
Germany | 22.7 | 23.8 | 41.9 | 22.2 | -0.7% |
New Zealand | 15.0 | 27.6 | 36.6 | 21.1 | 12.0% |
Netherlands | 12.8 | 22.7 | 34.5 | 20.6 | 17.2% |
United States | 3.7 | 1.9 | 4.4 | 5.8 | 16.2% |
Uruguay | 0.8 | 2.6 | 0.9 | 3.3 | 60.4% |
Others | 12.0 | 8.8 | 11.6 | 11.1 | -2.6% |
Total | 89.0 | 120 | 170 | 142 | 16.9% |
Top Suppliers of Cheese, Other than Blue-Veined, Grated, Powdered or Processed to Chile in 2022:
- Argentina (12.2K tons)
- Netherlands (5.7K tons)
- Germany (5.1K tons)
- New Zealand (4.5K tons)
- United States (1.1K tons)
- Uruguay (0.6K tons)
Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Chile
After two years of decline, overseas shipments of cheese, other than blue-veined, grated, powdered or processed increased by 2% to 6.8K tons in 2022. Overall, exports, however, continue to indicate a abrupt descent.
In value terms, exports of cheese, other than blue-veined, grated, powdered or processed expanded markedly to $33M in 2022. Over the period under review, exports, however, showed a noticeable decline.
Export of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Chile (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 15.4 | 15.5 | 15.2 | 18.6 | 6.5% |
South Korea | 3.7 | 2.8 | 2.2 | 9.0 | 34.5% |
Russia | 16.3 | 10.6 | 11.8 | 2.4 | -47.2% |
Peru | 1.0 | 0.8 | 0.6 | 1.0 | 0.0% |
Japan | N/A | 0.1 | N/A | 0.7 | 164.6% |
United States | N/A | N/A | 0.1 | 0.5 | 400.0% |
Others | 0.9 | 0.3 | 0.3 | 0.7 | -8.0% |
Total | 37.3 | 30.1 | 30.0 | 33.0 | -4.0% |
Top Export Markets for Cheese, Other than Blue-Veined, Grated, Powdered or Processed from Chile in 2022:
- Mexico (3909.9 tons)
- South Korea (1945.5 tons)
- Russia (395.1 tons)
- Peru (181.3 tons)
- Japan (142.5 tons)
- United States (122.5 tons)
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