Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in South Africa - 2023
Contents:
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in South Africa (FOB) - 2023
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in South Africa (CIF) - 2023
- Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in South Africa
- Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in South Africa
Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in South Africa (FOB) - 2023
In December 2023, the average export price for cheese, other than blue-veined, grated, powdered or processed amounted to $3,874 per ton, reducing by -10.3% against the previous month. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in January 2023 when the average export price increased by 6.2% against the previous month. The export price peaked at $4,477 per ton in March 2023; however, from April 2023 to December 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was Zimbabwe ($4,697 per ton), while the average price for exports to Botswana ($2,721 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lesotho (+6.7%), 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 South Africa (CIF) - 2023
The average import price for cheese, other than blue-veined, grated, powdered or processed stood at $7,454 per ton in December 2023, reducing by -23.3% against the previous month. Over the period under review, the import price continues to indicate a perceptible decrease. The pace of growth appeared the most rapid in September 2023 an increase of 85% month-to-month. The import price peaked at $11,383 per ton in December 2022; however, from January 2023 to December 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Denmark ($10,890 per ton), while the price for Germany ($5,516 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Denmark (-0.1%), while the prices for the other major suppliers experienced a decline.
Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in South Africa
In 2022, exports of cheese, other than blue-veined, grated, powdered or processed from South Africa rose sharply to 7.9K tons, growing by 7.4% on the previous year's figure. The total export volume increased at an average annual rate of +10.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 19% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, exports of cheese, other than blue-veined, grated, powdered or processed rose slightly to $33M in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +13.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 26% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 7.1 | 7.3 | 9.5 | 11.0 | 15.7% |
| Botswana | 4.8 | 4.5 | 5.2 | 5.2 | 2.7% |
| Zambia | 2.4 | 2.1 | 3.2 | 2.9 | 6.5% |
| Saudi Arabia | 0.1 | 3.6 | 2.3 | 2.4 | 188.4% |
| Mozambique | 1.7 | 1.5 | 2.1 | 2.3 | 10.6% |
| Swaziland | 1.5 | 1.3 | 1.7 | 2.1 | 11.9% |
| Lesotho | 0.9 | 1.0 | 1.4 | 1.5 | 18.6% |
| Zimbabwe | 1.1 | 0.8 | 2.0 | 1.5 | 10.9% |
| Malawi | 0.8 | 0.8 | 1.1 | 1.0 | 7.7% |
| Democratic Republic of the Congo | 0.7 | 0.5 | 0.8 | 0.9 | 8.7% |
| Others | 1.5 | 1.6 | 2.2 | 2.4 | 17.0% |
| Total | 22.6 | 24.9 | 31.5 | 33.0 | 13.4% |
Top Export Markets for Cheese, Other than Blue-Veined, Grated, Powdered or Processed from South Africa in 2022:
- Namibia (2289.3 tons)
- Botswana (1479.0 tons)
- Lesotho (722.2 tons)
- Zambia (702.0 tons)
- Mozambique (513.3 tons)
- Swaziland (477.5 tons)
- Saudi Arabia (470.9 tons)
- Zimbabwe (296.7 tons)
- Democratic Republic of the Congo (216.2 tons)
- Malawi (193.8 tons)
Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in South Africa
In 2022, approx. 2K tons of cheese, other than blue-veined, grated, powdered or processed were imported into South Africa; reducing by -36.4% compared with 2021 figures. In general, imports showed a deep setback. The growth pace was the most rapid in 2021 when imports increased by 69%. As a result, imports attained the peak of 3.1K tons, and then contracted significantly in the following year.
In value terms, imports of cheese, other than blue-veined, grated, powdered or processed shrank to $15M in 2022. Over the period under review, imports saw a perceptible setback. The growth pace was the most rapid in 2021 when imports increased by 37%. As a result, imports attained the peak of $17M, and then shrank in the following year.
| Import of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 5.6 | 4.0 | 5.2 | 6.2 | 3.5% |
| Denmark | 1.4 | 1.1 | 1.0 | 2.1 | 14.5% |
| Netherlands | 1.3 | 1.3 | 3.6 | 1.7 | 9.4% |
| United Kingdom | 1.9 | 1.6 | 1.6 | 1.5 | -7.6% |
| Germany | 1.9 | 1.4 | 1.3 | 1.4 | -9.7% |
| France | 1.9 | 1.3 | 0.6 | 0.8 | -25.0% |
| Ireland | 0.7 | 0.2 | 2.0 | 0.1 | -47.7% |
| Others | 2.0 | 1.8 | 1.9 | 1.1 | -18.1% |
| Total | 16.6 | 12.6 | 17.2 | 15.0 | -3.3% |
Top Suppliers of Cheese, Other than Blue-Veined, Grated, Powdered or Processed to South Africa in 2022:
- Italy (693.7 tons)
- Denmark (373.6 tons)
- Netherlands (263.2 tons)
- United Kingdom (233.4 tons)
- Germany (173.7 tons)
- France (87.1 tons)
- Ireland (36.3 tons)
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