Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Saudi Arabia - 2022
Contents:
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Saudi Arabia (CIF) - 2022
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Saudi Arabia (FOB) - 2022
- Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Saudi Arabia
- Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Saudi Arabia
Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Saudi Arabia (CIF) - 2022
The average import price for cheese, other than blue-veined, grated, powdered or processed stood at $4,441 per ton in 2021, with an increase of 4.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2017 an increase of 15% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($8,659 per ton), while the price for South Africa ($3,232 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+7.0%), 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 Saudi Arabia (FOB) - 2022
In 2021, the average export price for cheese, other than blue-veined, grated, powdered or processed amounted to $4,343 per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price enjoyed a strong expansion. The pace of growth was the most pronounced in 2016 when the average export price increased by 86%. The export price peaked at $5,103 per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Egypt ($5,056 per ton) and Jordan ($4,709 per ton), while the average price for exports to the United Arab Emirates ($3,683 per ton) and Iraq ($4,176 per ton) were amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+15.0%), 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 Saudi Arabia
In 2022, approx. 46K tons of cheese, other than blue-veined, grated, powdered or processed were imported into Saudi Arabia; reducing by -4.9% compared with the previous year's figure. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 11% against the previous year. As a result, imports attained the peak of 48K tons, and then declined in the following year.
In value terms, imports of cheese, other than blue-veined, grated, powdered or processed declined to $199M in 2022. The total import value increased at an average annual rate of +5.1% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 16%. As a result, imports reached the peak of $213M, and then shrank in the following year.
| Import of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Saudi Arabia (Million USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| Poland | 16.8 | 29.0 | 46.0 | 65.5% |
| New Zealand | 50.3 | 47.8 | 45.9 | -4.5% |
| Egypt | 11.0 | 16.9 | 18.1 | 28.3% |
| Ireland | 14.7 | 20.2 | 17.3 | 8.5% |
| United States | 17.0 | 8.0 | 14.0 | -9.3% |
| France | 7.8 | 7.2 | 12.3 | 25.6% |
| Italy | 5.3 | 6.4 | 9.0 | 30.3% |
| United Kingdom | 9.5 | 11.9 | 8.2 | -7.1% |
| Hungary | 4.7 | 4.7 | 6.3 | 15.8% |
| Denmark | 5.1 | 2.0 | 5.5 | 3.8% |
| Germany | 4.3 | 5.3 | 4.4 | 1.2% |
| Netherlands | 2.9 | 2.6 | 4.1 | 18.9% |
| South Africa | N/A | 2.8 | 3.1 | 10.7% |
| Others | 21.5 | 19.0 | 19.0 | -6.0% |
| Total | 171 | 184 | 213 | 11.6% |
Top Suppliers of Cheese, Other than Blue-Veined, Grated, Powdered or Processed to Saudi Arabia in 2022:
- New Zealand (11.2K tons)
- Poland (8.6K tons)
- Egypt (5.6K tons)
- Ireland (4.0K tons)
- United States (2.8K tons)
- France (2.3K tons)
- Hungary (1.8K tons)
- United Kingdom (1.7K tons)
- Denmark (1.6K tons)
- Germany (1.1K tons)
- Italy (1.0K tons)
- South Africa (0.9K tons)
- Netherlands (0.8K tons)
Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Saudi Arabia
In 2022, overseas shipments of cheese, other than blue-veined, grated, powdered or processed were finally on the rise to reach 19K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a abrupt curtailment.
In value terms, exports of cheese, other than blue-veined, grated, powdered or processed expanded modestly to $84M in 2022. Over the period under review, exports, however, continue to indicate a mild downturn.
| Export of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Saudi Arabia (Million USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| Kuwait | 23.0 | 28.4 | 21.9 | -2.4% |
| United Arab Emirates | 12.4 | 14.2 | 20.0 | 27.0% |
| Jordan | 11.7 | 16.0 | 19.0 | 27.4% |
| Bahrain | 1.2 | 3.2 | 6.2 | 127.3% |
| Oman | 3.3 | 4.5 | 6.1 | 36.0% |
| Egypt | 4.1 | 2.5 | 3.1 | -13.0% |
| Iraq | 26.0 | 13.2 | 2.2 | -70.9% |
| Others | 5.3 | 4.4 | 2.2 | -35.6% |
| Total | 87.0 | 86.3 | 80.8 | -3.6% |
Top Export Markets for Cheese, Other than Blue-Veined, Grated, Powdered or Processed from Saudi Arabia in 2022:
- United Arab Emirates (5.4K tons)
- Kuwait (4.8K tons)
- Jordan (4.0K tons)
- Bahrain (1.4K tons)
- Oman (1.3K tons)
- Egypt (0.6K tons)
- Iraq (0.5K tons)
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