Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in New Zealand - 2023
Contents:
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in New Zealand (FOB) - 2023
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in New Zealand (CIF) - 2022
- Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in New Zealand
- Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in New Zealand
Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in New Zealand (FOB) - 2023
The average export price for cheese, other than blue-veined, grated, powdered or processed stood at $4,454 per ton in December 2023, leveling off at the previous month. In general, the export price saw a mild curtailment. The pace of growth appeared the most rapid in July 2023 an increase of 1.3% m-o-m. Over the period under review, the average export prices attained the maximum at $5,335 per ton in December 2022; however, from January 2023 to December 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In December 2023, the highest price was recorded for prices to South Korea ($4,848 per ton) and Japan ($4,768 per ton), while the average price for exports to the UK ($3,402 per ton) and Panama ($3,908 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (-0.7%), while the prices for the other major destinations experienced a decline.
Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in New Zealand (CIF) - 2022
In 2022, the average import price for cheese, other than blue-veined, grated, powdered or processed amounted to $7,426 per ton, rising by 3.1% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 20% against the previous year. The import price peaked at $7,604 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($14,221 per ton), while the price for Ireland ($5,597 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.0%), 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 New Zealand
In 2022, the amount of cheese, other than blue-veined, grated, powdered or processed exported from New Zealand fell to 179K tons, waning by -7.7% compared with the year before. In general, exports recorded a slight curtailment. The growth pace was the most rapid in 2021 with an increase of 11%. As a result, the exports attained the peak of 195K tons, and then reduced in the following year.
In value terms, exports of cheese, other than blue-veined, grated, powdered or processed totaled $916M in 2022. The total export value increased at an average annual rate of +7.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations 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 New Zealand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 187 | 193 | 194 | 248 | 9.9% |
Australia | 151 | 137 | 138 | 131 | -4.6% |
China | 46.2 | 42.4 | 59.6 | 116 | 35.9% |
South Korea | 56.8 | 63.9 | 78.2 | 88.4 | 15.9% |
Saudi Arabia | 48.8 | 41.3 | 42.2 | 55.3 | 4.3% |
Philippines | 29.1 | 29.0 | 33.5 | 41.1 | 12.2% |
Indonesia | 31.9 | 33.6 | 37.4 | 30.0 | -2.0% |
Trinidad and Tobago | 30.6 | 27.2 | 30.1 | 29.5 | -1.2% |
Mexico | 12.6 | 10.6 | 15.4 | 19.5 | 15.7% |
Chile | 12.7 | 28.5 | 32.9 | 19.1 | 14.6% |
Jamaica | 9.8 | 10.8 | 10.0 | 17.4 | 21.1% |
Egypt | 15.9 | 14.3 | 14.4 | 16.0 | 0.2% |
Others | 107 | 82.1 | 115 | 104 | -0.9% |
Total | 739 | 714 | 801 | 916 | 7.4% |
Top Export Markets for Cheese, Other than Blue-Veined, Grated, Powdered or Processed from New Zealand in 2022:
- Japan (48.5K tons)
- Australia (26.0K tons)
- China (23.7K tons)
- South Korea (16.9K tons)
- Saudi Arabia (10.7K tons)
- Philippines (8.3K tons)
- Indonesia (6.3K tons)
- Trinidad and Tobago (5.2K tons)
- Mexico (4.4K tons)
- Chile (4.2K tons)
- Egypt (3.2K tons)
- Jamaica (3.1K tons)
Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in New Zealand
Imports of cheese, other than blue-veined, grated, powdered or processed into New Zealand declined slightly to 5.1K tons in 2022, with a decrease of -2.5% compared with 2021 figures. In general, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 9% against the previous year.
In value terms, imports of cheese, other than blue-veined, grated, powdered or processed stood at $38M in 2022. Overall, imports continue to indicate a deep setback. The pace of growth was the most pronounced in 2021 with an increase of 18%.
Import of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in New Zealand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Australia | 5.5 | 4.8 | 5.1 | 8.2 | 14.2% |
Denmark | 6.8 | 6.7 | 8.2 | 5.9 | -4.6% |
United States | 15.3 | 2.8 | 2.2 | 4.3 | -34.5% |
France | 2.6 | 2.3 | 3.2 | 3.4 | 9.4% |
Ireland | 6.6 | 0.9 | 1.7 | 3.1 | -22.3% |
Netherlands | 2.0 | 3.1 | 2.3 | 2.5 | 7.7% |
Italy | 3.2 | 3.1 | 3.7 | 2.4 | -9.1% |
Germany | 4.8 | 3.7 | 4.1 | 2.4 | -20.6% |
Others | 3.9 | 4.7 | 7.2 | 5.8 | 14.1% |
Total | 50.7 | 32.1 | 37.8 | 38.0 | -9.2% |
Top Suppliers of Cheese, Other than Blue-Veined, Grated, Powdered or Processed to New Zealand in 2022:
- Australia (1267.7 tons)
- Denmark (750.7 tons)
- United States (747.2 tons)
- Ireland (554.7 tons)
- Netherlands (323.1 tons)
- Germany (276.7 tons)
- France (237.4 tons)
- Italy (204.5 tons)
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