Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Portugal - 2023
Contents:
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Portugal (CIF) - 2023
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Portugal (FOB) - 2023
- Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Portugal
- Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Portugal
Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Portugal (CIF) - 2023
The average import price for cheese, other than blue-veined, grated, powdered or processed stood at $5,963 per ton in October 2023, increasing by 7.7% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. 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 ($9,696 per ton), while the price for Lithuania ($3,637 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 France (+1.8%), 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 Portugal (FOB) - 2023
The average export price for cheese, other than blue-veined, grated, powdered or processed stood at $5,889 per ton in October 2023, dropping by -4.2% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 an increase of 13% against the previous month. As a result, the export price attained the peak level of $7,054 per ton. From May 2023 to October 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($11,063 per ton), while the average price for exports to the Netherlands ($3,258 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 Cabo Verde (+2.7%), 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 Portugal
In 2022, the amount of cheese, other than blue-veined, grated, powdered or processed imported into Portugal rose significantly to 40K tons, growing by 8.9% against the year before. The total import volume increased at an average annual rate of +2.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 9.7%. Over the period under review, imports of reached the maximum in 2022 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 $219M 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 +11.8% 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 +48.3% against 2020 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 Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 62.4 | 55.4 | 68.4 | 71.1 | 4.4% |
| Netherlands | 18.3 | 23.8 | 28.1 | 40.1 | 29.9% |
| France | 25.3 | 22.9 | 24.6 | 38.4 | 14.9% |
| Germany | 20.8 | 20.4 | 26.9 | 31.2 | 14.5% |
| Belgium | 10.0 | 7.8 | 11.0 | 14.4 | 12.9% |
| Italy | 9.8 | 8.6 | 10.1 | 12.0 | 7.0% |
| Lithuania | 1.6 | 1.4 | 2.3 | 4.7 | 43.2% |
| Others | 8.4 | 7.1 | 4.7 | 7.0 | -5.9% |
| Total | 157 | 148 | 176 | 219 | 11.7% |
Top Suppliers of Cheese, Other than Blue-Veined, Grated, Powdered or Processed to Portugal in 2022:
- Spain (13.0K tons)
- Netherlands (8.0K tons)
- France (7.2K tons)
- Germany (5.2K tons)
- Belgium (2.8K tons)
- Italy (1.3K tons)
- Lithuania (1.2K tons)
Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Portugal
In 2022, exports of cheese, other than blue-veined, grated, powdered or processed from Portugal soared to 10K tons, picking up by 23% on the year before. The total export volume increased at an average annual rate of +9.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached 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 skyrocketed to $61M in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +16.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.5% against 2020 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 Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 6.4 | 7.9 | 7.9 | 19.8 | 45.7% |
| Angola | 7.6 | 4.4 | 6.6 | 9.5 | 7.7% |
| France | 4.5 | 4.2 | 5.9 | 4.6 | 0.7% |
| United States | 3.7 | 3.5 | 3.6 | 3.7 | 0.0% |
| Cabo Verde | 1.5 | 1.5 | 2.2 | 3.5 | 32.6% |
| Switzerland | 2.6 | 3.4 | 3.6 | 3.3 | 8.3% |
| Belgium | 1.1 | 1.2 | 1.6 | 2.3 | 27.9% |
| Germany | 0.8 | 0.9 | 2.2 | 2.2 | 40.1% |
| Canada | 1.8 | 1.8 | 2.3 | 2.1 | 5.3% |
| Netherlands | 0.5 | 0.7 | 1.1 | 2.0 | 58.7% |
| Poland | 0.9 | 1.1 | 1.6 | 1.8 | 26.0% |
| Luxembourg | 1.3 | 1.3 | 1.5 | 1.4 | 2.5% |
| Morocco | 1.6 | 0.3 | 0.1 | N/A | -75.0% |
| Others | 4.3 | 3.3 | 4.6 | 4.7 | 3.0% |
| Total | 38.6 | 35.3 | 44.8 | 61.0 | 16.5% |
Top Export Markets for Cheese, Other than Blue-Veined, Grated, Powdered or Processed from Portugal in 2022:
- Spain (4377.7 tons)
- Angola (1519.7 tons)
- France (630.8 tons)
- Cabo Verde (629.6 tons)
- Netherlands (468.0 tons)
- United States (430.1 tons)
- Switzerland (389.6 tons)
- Belgium (310.8 tons)
- Germany (306.5 tons)
- Canada (242.7 tons)
- Poland (212.7 tons)
- Luxembourg (184.4 tons)
- Morocco (3.6 tons)
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