Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Serbia - 2023
Contents:
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Serbia (CIF) - 2023
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Serbia (FOB) - 2023
- Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Serbia
- Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Serbia
Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Serbia (CIF) - 2023
The average import price for cheese, other than blue-veined, grated, powdered or processed stood at $5,279 per ton in November 2023, shrinking by -3.1% against the previous month. Overall, the import price continues to indicate a slight descent. The growth pace was the most rapid in July 2023 when the average import price increased by 9.3% m-o-m. Over the period under review, average import prices attained the maximum at $6,527 per ton in December 2022; however, from January 2023 to November 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Italy ($11,017 per ton), while the price for Russia ($3,701 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Italy (+0.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Serbia (FOB) - 2023
In November 2023, the average export price for cheese, other than blue-veined, grated, powdered or processed amounted to $4,687 per ton, increasing by 5% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 an increase of 13% month-to-month. As a result, the export price reached the peak level of $5,354 per ton. From January 2023 to November 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 Germany ($7,211 per ton), while the average price for exports to Bulgaria ($3,598 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+2.6%), 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 Serbia
Imports of cheese, other than blue-veined, grated, powdered or processed into Serbia totaled 8K tons in 2022, growing by 8.8% compared with the previous year. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +19.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.8% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 27% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, imports of cheese, other than blue-veined, grated, powdered or processed skyrocketed to $47M in 2022. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the near future.
| Import of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 9.5 | 11.7 | 18.2 | 22.6 | 33.5% |
| Poland | 2.6 | 3.8 | 4.4 | 6.2 | 33.6% |
| Hungary | 1.1 | 2.1 | 2.5 | 3.5 | 47.1% |
| Italy | 1.9 | 1.8 | 2.2 | 3.0 | 16.4% |
| Croatia | 1.8 | 2.3 | 2.5 | 2.8 | 15.9% |
| Netherlands | 0.9 | 1.2 | 2.0 | 2.5 | 40.6% |
| Belarus | N/A | N/A | N/A | 1.7 | 0% |
| Others | 3.0 | 3.3 | 3.9 | 4.7 | 16.1% |
| Total | 20.7 | 26.1 | 35.7 | 46.9 | 31.3% |
Top Suppliers of Cheese, Other than Blue-Veined, Grated, Powdered or Processed to Serbia in 2022:
- Germany (4059.4 tons)
- Poland (1044.5 tons)
- Croatia (669.5 tons)
- Hungary (542.3 tons)
- Netherlands (416.3 tons)
- Belarus (340.0 tons)
- Italy (301.8 tons)
Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Serbia
In 2022, the amount of cheese, other than blue-veined, grated, powdered or processed exported from Serbia totaled 5K tons, with an increase of 4% on the previous year. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 11%.
In value terms, exports of cheese, other than blue-veined, grated, powdered or processed surged to $21M in 2022. The total export value increased at an average annual rate of +6.9% from 2019 to 2022; 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.
| Export of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| North Macedonia | 4.9 | 4.9 | 5.2 | 4.8 | -0.7% |
| Montenegro | 3.4 | 2.6 | 3.7 | 4.2 | 7.3% |
| Russia | 3.5 | 2.7 | 2.3 | 3.8 | 2.8% |
| Bosnia and Herzegovina | 1.9 | 1.7 | 2.2 | 2.4 | 8.1% |
| Croatia | 1.8 | 1.4 | 1.6 | 2.2 | 6.9% |
| Bulgaria | 0.4 | 0.4 | 0.9 | 1.3 | 48.1% |
| Germany | 0.5 | 0.8 | 1.0 | 1.0 | 26.0% |
| Czech Republic | 0.3 | 0.4 | 0.3 | 0.4 | 10.1% |
| Others | 0.5 | 0.6 | 0.8 | 0.8 | 17.0% |
| Total | 17.1 | 15.4 | 17.9 | 20.8 | 6.7% |
Top Export Markets for Cheese, Other than Blue-Veined, Grated, Powdered or Processed from Serbia in 2022:
- North Macedonia (1033.1 tons)
- Montenegro (950.0 tons)
- Russia (920.2 tons)
- Croatia (642.6 tons)
- Bosnia and Herzegovina (632.6 tons)
- Bulgaria (395.5 tons)
- Germany (189.4 tons)
- Czech Republic (119.7 tons)
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