Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Estonia - 2023
Contents:
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Estonia (FOB) - 2023
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Estonia (CIF) - 2023
- Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Estonia
- Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Estonia
Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Estonia (FOB) - 2023
In October 2023, the average export price for cheese, other than blue-veined, grated, powdered or processed amounted to $5,746 per ton, remaining relatively unchanged against the previous month. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 when the average export price increased by 13% m-o-m. The export price peaked at $6,399 per ton in December 2022; however, from January 2023 to October 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was Malta ($7,610 per ton), while the average price for exports to Greece ($3,315 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malta (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Estonia (CIF) - 2023
In October 2023, the average import price for cheese, other than blue-veined, grated, powdered or processed amounted to $7,582 per ton, picking up by 10% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in April 2023 an increase of 12% m-o-m. The import price peaked in October 2023.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Italy ($8,367 per ton), while the price for Belgium ($5,429 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 Poland (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Estonia
In 2022, exports of cheese, other than blue-veined, grated, powdered or processed from Estonia soared to 17K tons, increasing by 15% against 2021 figures. The total export volume increased at an average annual rate of +5.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of cheese, other than blue-veined, grated, powdered or processed soared to $100M in 2022. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +14.2% 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 +49.0% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 17.3 | 17.1 | 17.5 | 24.7 | 12.6% |
| Finland | 21.5 | 18.7 | 17.7 | 23.5 | 3.0% |
| Netherlands | 1.3 | 1.7 | 1.9 | 7.9 | 82.5% |
| Latvia | 5.5 | 6.2 | 6.7 | 6.3 | 4.6% |
| Greece | 4.2 | 3.8 | 4.7 | 6.2 | 13.9% |
| Poland | 3.9 | 2.4 | 4.0 | 6.2 | 16.7% |
| Lithuania | 2.8 | 4.2 | 3.4 | 4.0 | 12.6% |
| Spain | 1.1 | 0.9 | 2.6 | 3.9 | 52.5% |
| United States | 1.9 | 2.3 | 2.7 | 3.7 | 24.9% |
| Germany | N/A | 0.1 | 0.2 | 1.8 | 324.3% |
| Belgium | 1.2 | 1.2 | 1.0 | 1.5 | 7.7% |
| Japan | 1.2 | 1.8 | 0.8 | 1.4 | 5.3% |
| Others | 5.1 | 6.6 | 8.2 | 8.7 | 19.5% |
| Total | 67.0 | 67.0 | 71.3 | 99.8 | 14.2% |
Top Export Markets for Cheese, Other than Blue-Veined, Grated, Powdered or Processed from Estonia in 2022:
- Finland (4.0K tons)
- Italy (3.9K tons)
- Netherlands (1.6K tons)
- Latvia (1.3K tons)
- Poland (1.2K tons)
- Greece (1.1K tons)
- Spain (0.8K tons)
- Lithuania (0.7K tons)
- United States (0.7K tons)
- Germany (0.3K tons)
- Belgium (0.3K tons)
- Japan (0.3K tons)
Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Estonia
For the fourth consecutive year, Estonia recorded growth in purchases abroad of cheese, other than blue-veined, grated, powdered or processed, which increased by 16% to 5.8K tons in 2022. The total import volume increased at an average annual rate of +9.8% 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, other than blue-veined, grated, powdered or processed skyrocketed to $35M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +15.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 21%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 1.1 | 5.3 | 8.3 | 9.9 | 108.0% |
| Latvia | 1.4 | 3.6 | 4.5 | 6.5 | 66.8% |
| Netherlands | 6.2 | 4.9 | 5.6 | 6.0 | -1.1% |
| Poland | 2.0 | 2.5 | 2.4 | 4.8 | 33.9% |
| Lithuania | 3.0 | 2.7 | 3.2 | 2.8 | -2.3% |
| Finland | 0.7 | 2.0 | 1.7 | 1.8 | 37.0% |
| Germany | 0.8 | 0.4 | 0.4 | 0.7 | -4.4% |
| Belgium | 0.4 | 0.5 | 0.6 | 0.6 | 14.5% |
| Denmark | 0.7 | 0.3 | 0.3 | 0.4 | -17.0% |
| Others | 6.0 | 1.7 | 1.9 | 1.1 | -43.2% |
| Total | 22.3 | 23.8 | 28.9 | 34.6 | 15.8% |
Top Suppliers of Cheese, Other than Blue-Veined, Grated, Powdered or Processed to Estonia in 2022:
- Italy (1655.9 tons)
- Netherlands (1051.4 tons)
- Latvia (1050.2 tons)
- Poland (841.8 tons)
- Lithuania (414.2 tons)
- Finland (347.6 tons)
- Germany (133.3 tons)
- Belgium (111.4 tons)
- Denmark (64.1 tons)
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