Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Germany - 2023

Contents:

1. Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Germany (CIF) - 2023
2. Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Germany (FOB) - 2023
3. Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Germany
4. Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Germany

Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Germany (CIF) - 2023

In October 2023, the average import price for cheese, other than blue-veined, grated, powdered or processed amounted to $13,549 per ton, surging by 91% against the previous month. In general, import price indicated a buoyant expansion from October 2022 to October 2023: its price increased at an average monthly rate of +6.1% 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, other than blue-veined, grated, powdered or processed increased by +90.5% against September 2023 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was Switzerland ($13,934 per ton), while the price for Turkey ($8,914 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 Greece (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Germany (FOB) - 2023

In October 2023, the average export price for cheese, other than blue-veined, grated, powdered or processed amounted to $5,153 per ton, approximately equating the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 6.6% against the previous month. The export price peaked at $5,995 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 Switzerland ($7,554 per ton), while the average price for exports to Chile ($4,071 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 Switzerland (+1.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Germany

After three years of growth, overseas purchases of cheese, other than blue-veined, grated, powdered or processed decreased by -3.7% to 629K tons in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 2.6%. As a result, imports attained the peak of 653K tons, and then shrank modestly in the following year.

In value terms, imports of cheese, other than blue-veined, grated, powdered or processed expanded to $4.1B in 2022. The total import value increased at an average annual rate of +5.2% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 9.1%. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Cheese, Other than Blue-Veined, Grated, Powdered or Processed to Germany in 2022:

1. Netherlands (263.6K tons)
2. France (99.1K tons)
3. Austria (52.8K tons)
4. Italy (38.7K tons)
5. Denmark (35.3K tons)
6. Greece (32.1K tons)
7. Ireland (24.2K tons)
8. Switzerland (23.5K tons)

Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Germany

After three years of growth, shipments abroad of cheese, other than blue-veined, grated, powdered or processed decreased by -7.7% to 579K tons in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 4% against the previous year.

In value terms, exports of cheese, other than blue-veined, grated, powdered or processed rose markedly to $3.1B in 2022. The total export value increased at an average annual rate of +10.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 14%. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Cheese, Other than Blue-Veined, Grated, Powdered or Processed from Germany in 2022:

1. Italy (86.4K tons)
2. Netherlands (78.8K tons)
3. Belgium (43.5K tons)
4. Austria (39.4K tons)
5. Spain (39.3K tons)
6. Greece (33.2K tons)
7. France (28.8K tons)
8. Romania (27.3K tons)
9. Czech Republic (24.9K tons)
10. Hungary (23.0K tons)
11. Japan (17.4K tons)
12. Poland (15.0K tons)
13. Denmark (11.8K tons)

Source: IndexBox Market Intelligence Platform