Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Romania - 2023

Contents:

  1. Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Romania (CIF) - 2023
  2. Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Romania (FOB) - 2023
  3. Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Romania
  4. Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Romania

Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Romania (CIF) - 2023

In September 2023, the average import price for cheese, other than blue-veined, grated, powdered or processed amounted to $5,589 per ton, with a decrease of -3% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 11% against the previous month. Over the period under review, average import prices hit record highs at $6,165 per ton in January 2023; however, from February 2023 to September 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Italy ($9,422 per ton), while the price for Denmark ($4,133 per ton) was amongst the lowest.

From October 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Bulgaria (+6.3%), 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 Romania (FOB) - 2023

The average export price for cheese, other than blue-veined, grated, powdered or processed stood at $8,329 per ton in October 2023, with an increase of 31% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +3.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In October 2023, the country with the highest price was the UK ($8,338 per ton), while the average price for exports to Moldova stood at $8,231 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+2.9%), 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 Romania

After three years of growth, purchases abroad of cheese, other than blue-veined, grated, powdered or processed decreased by less than 0.1% to 47K tons in 2022. The total import volume increased at an average annual rate of +4.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 7.5% against the previous year. As a result, imports attained the peak of 47K tons, leveling off in the following year.

In value terms, imports of cheese, other than blue-veined, grated, powdered or processed rose notably to $243M in 2022. The total import value increased at an average annual rate of +13.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 17% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Import of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Romania (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany88.692.010311810.0%
Italy19.320.926.328.513.9%
Poland13.821.024.026.223.8%
Netherlands11.111.715.915.010.6%
Hungary6.15.18.910.620.2%
Bulgaria3.44.17.57.831.9%
Denmark4.95.65.76.28.2%
France5.610.07.26.23.5%
Others13.819.523.824.721.4%
Total16719022224313.3%

Top Suppliers of Cheese, Other than Blue-Veined, Grated, Powdered or Processed to Romania in 2022:

  1. Germany (22.5K tons)
  2. Poland (5.8K tons)
  3. Italy (3.9K tons)
  4. Netherlands (3.5K tons)
  5. Bulgaria (2.7K tons)
  6. Hungary (2.6K tons)
  7. Denmark (1.2K tons)
  8. France (1.0K tons)

Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Romania

In 2022, the amount of cheese, other than blue-veined, grated, powdered or processed exported from Romania rose significantly to 14K tons, increasing by 6.5% on 2021. Overall, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +11.6% 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 +39.4% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 31% 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 soared to $68M 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 +15.1% 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 +53.7% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 31% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the near future.

Export of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Romania (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Greece16.515.815.016.70.4%
Italy7.99.111.511.513.3%
United Kingdom3.86.29.311.444.2%
Netherlands0.30.10.66.6180.2%
Germany1.11.63.95.571.0%
Bulgaria0.91.12.93.151.0%
United States2.42.14.62.51.4%
Moldova1.01.61.92.230.1%
Austria2.22.22.02.1-1.5%
Spain1.51.82.21.86.3%
Others6.82.64.04.5-12.9%
Total44.644.257.968.015.1%

Top Export Markets for Cheese, Other than Blue-Veined, Grated, Powdered or Processed from Romania in 2022:

  1. Greece (3.8K tons)
  2. Italy (2.7K tons)
  3. United Kingdom (2.2K tons)
  4. Netherlands (1.5K tons)
  5. Germany (1.0K tons)
  6. Bulgaria (0.6K tons)
  7. Austria (0.5K tons)
  8. Spain (0.4K tons)
  9. Moldova (0.3K tons)
  10. United States (0.2K tons)

Source: IndexBox Market Intelligence Platform

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Free Data: Dairy produce; cheese (not grated, powdered or processed), n.e.s. in heading no. 0406 - Romania