Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Lithuania - 2023
Contents:
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Lithuania (FOB) - 2023
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Lithuania (CIF) - 2023
- Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Lithuania
- Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Lithuania
Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Lithuania (FOB) - 2023
In October 2023, the average export price for cheese, other than blue-veined, grated, powdered or processed amounted to $5,536 per ton, remaining stable against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in April 2023 an increase of 6.7% against the previous month. Over the period under review, the average export prices attained the peak figure at $6,233 per ton in February 2023; however, from March 2023 to October 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Belarus ($10,928 per ton), while the average price for exports to Tajikistan ($1,098 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 Uzbekistan (+7.7%), 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 Lithuania (CIF) - 2023
The average import price for cheese, other than blue-veined, grated, powdered or processed stood at $6,817 per ton in October 2023, with an increase of 10% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Italy ($12,840 per ton), while the price for Germany ($5,407 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 Latvia (+5.3%), 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 Lithuania
Exports of cheese, other than blue-veined, grated, powdered or processed from Lithuania fell to 21K tons in 2022, declining by -6.3% against the previous year. Overall, exports recorded a pronounced decrease. The most prominent rate of growth was recorded in 2021 with an increase of 5% against the previous year.
In value terms, exports of cheese, other than blue-veined, grated, powdered or processed stood at $113M in 2022. The total export value increased at an average annual rate of +7.1% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. 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 Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 20.2 | 12.3 | 14.3 | 36.4 | 21.7% |
| United States | 18.9 | 21.9 | 20.6 | 12.4 | -13.1% |
| Latvia | 9.5 | 8.4 | 8.7 | 9.0 | -1.8% |
| Ukraine | 2.0 | 4.1 | 8.8 | 6.1 | 45.0% |
| Spain | 2.8 | 2.7 | 4.1 | 5.7 | 26.7% |
| Kazakhstan | 6.2 | 6.1 | 6.3 | 5.4 | -4.5% |
| Azerbaijan | 4.8 | 5.9 | 5.1 | 3.9 | -6.7% |
| Croatia | 3.5 | 3.7 | 3.3 | 3.9 | 3.7% |
| Mexico | 1.4 | 0.9 | 2.5 | 3.5 | 35.7% |
| Poland | 3.1 | 3.6 | 3.1 | 3.2 | 1.1% |
| Netherlands | 3.1 | 1.4 | 2.9 | 2.4 | -8.2% |
| Belgium | 0.4 | 0.8 | 0.9 | 1.8 | 65.1% |
| Uzbekistan | 0.6 | 0.7 | 1.1 | 1.6 | 38.7% |
| Others | 15.8 | 18.0 | 18.5 | 18.1 | 4.6% |
| Total | 92.3 | 90.7 | 100 | 113 | 7.0% |
Top Export Markets for Cheese, Other than Blue-Veined, Grated, Powdered or Processed from Lithuania in 2022:
- Italy (6.6K tons)
- United States (2.0K tons)
- Kazakhstan (1.9K tons)
- Latvia (1.5K tons)
- Ukraine (0.9K tons)
- Spain (0.9K tons)
- Uzbekistan (0.8K tons)
- Azerbaijan (0.6K tons)
- Croatia (0.6K tons)
- Mexico (0.5K tons)
- Poland (0.5K tons)
- Netherlands (0.4K tons)
- Belgium (0.3K tons)
Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Lithuania
For the fourth year in a row, Lithuania recorded growth in overseas purchases of cheese, other than blue-veined, grated, powdered or processed, which increased by 11% to 10K tons in 2022. The total import volume increased at an average annual rate of +9.3% from 2019 to 2022; however, the trend pattern 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, other than blue-veined, grated, powdered or processed surged to $57M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +19.1% 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 +69.1% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 15.3 | 15.3 | 19.6 | 24.2 | 16.5% |
| Germany | 1.9 | 3.1 | 6.3 | 8.4 | 64.1% |
| Latvia | 3.7 | 3.7 | 4.3 | 7.0 | 23.7% |
| Estonia | 3.2 | 4.3 | 3.9 | 4.7 | 13.7% |
| Netherlands | 2.9 | 3.7 | 2.3 | 3.0 | 1.1% |
| France | 2.0 | 2.5 | 2.7 | 2.7 | 10.5% |
| United Kingdom | 2.0 | 2.2 | 1.6 | 1.6 | -7.2% |
| Others | 2.7 | 3.8 | 4.3 | 5.4 | 26.0% |
| Total | 33.7 | 38.6 | 45.1 | 57.1 | 19.2% |
Top Suppliers of Cheese, Other than Blue-Veined, Grated, Powdered or Processed to Lithuania in 2022:
- Poland (4.6K tons)
- Germany (1.4K tons)
- Latvia (1.1K tons)
- Estonia (0.9K tons)
- Netherlands (0.5K tons)
- France (0.5K tons)
- United Kingdom (0.2K tons)
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