Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in the United States - 2023
Contents:
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in the United States (CIF) - 2023
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in the United States (FOB) - 2023
- Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in the United States
- Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in the United States
Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in the United States (CIF) - 2023
In December 2023, the average import price for cheese, other than blue-veined, grated, powdered or processed amounted to $9,554 per ton, stabilizing at the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 an increase of 9.4% m-o-m. As a result, import price reached the peak level of $10,187 per ton. From July 2023 to December 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Switzerland ($14,341 per ton), while the price for Argentina ($5,470 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 Nicaragua (+2.9%), 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 the United States (FOB) - 2023
In December 2023, the average export price for cheese, other than blue-veined, grated, powdered or processed amounted to $4,873 per ton, declining by -5.5% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2023 an increase of 9.3% m-o-m. Over the period under review, the average export prices attained the peak figure at $5,419 per ton in February 2023; however, from March 2023 to December 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was Canada ($5,651 per ton), while the average price for exports to Japan ($3,609 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 Australia (+0.4%), while the prices for the other major destinations experienced a decline.
Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in the United States
Imports of cheese, other than blue-veined, grated, powdered or processed into the United States contracted to 160K tons in 2022, reducing by -2.7% compared with 2021 figures. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 13% against the previous year. As a result, imports attained the peak of 164K tons, and then fell slightly in the following year.
In value terms, imports of cheese, other than blue-veined, grated, powdered or processed expanded to $1.4B in 2022. The total import value increased at an average annual rate of +4.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 24% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 360 | 268 | 386 | 412 | 4.6% |
| France | 164 | 145 | 161 | 172 | 1.6% |
| Switzerland | 90.1 | 98.0 | 114 | 113 | 7.8% |
| Spain | 89.8 | 85.0 | 96.8 | 109 | 6.7% |
| Netherlands | 83.0 | 85.1 | 96.7 | 101 | 6.8% |
| United Kingdom | 56.9 | 35.8 | 51.6 | 64.1 | 4.1% |
| Ireland | 48.2 | 39.6 | 69.4 | 58.5 | 6.7% |
| Greece | 33.2 | 35.2 | 49.0 | 55.2 | 18.5% |
| Canada | 32.6 | 36.2 | 40.0 | 48.5 | 14.2% |
| Germany | 33.0 | 18.7 | 28.9 | 34.1 | 1.1% |
| Nicaragua | 28.0 | 32.3 | 33.5 | 31.8 | 4.3% |
| Denmark | 29.9 | 22.1 | 23.0 | 25.3 | -5.4% |
| Mexico | 12.1 | 13.8 | 16.5 | 21.0 | 20.2% |
| Others | 163 | 154 | 162 | 141 | -4.7% |
| Total | 1,223 | 1,068 | 1,328 | 1,388 | 4.3% |
Top Suppliers of Cheese, Other than Blue-Veined, Grated, Powdered or Processed to the United States in 2022:
- Italy (33.5K tons)
- France (20.1K tons)
- Netherlands (14.3K tons)
- Spain (9.9K tons)
- Ireland (9.1K tons)
- Switzerland (9.1K tons)
- United Kingdom (8.4K tons)
- Greece (6.6K tons)
- Nicaragua (6.2K tons)
- Germany (5.3K tons)
- Canada (5.2K tons)
- Denmark (3.9K tons)
- Mexico (3.3K tons)
Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in the United States
Exports of cheese, other than blue-veined, grated, powdered or processed from the United States soared to 206K tons in 2022, with an increase of 35% against the year before. Overall, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +15.6% 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 +61.6% against 2020 indices. 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 surged to $1B in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.1% 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 +75.4% 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 the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 281 | 287 | 303 | 429 | 15.1% |
| Japan | 70.8 | 46.6 | 69.4 | 140 | 25.5% |
| Canada | 38.2 | 45.5 | 68.4 | 75.5 | 25.5% |
| South Korea | 33.4 | 44.7 | 55.6 | 72.8 | 29.7% |
| Australia | 19.6 | 19.2 | 27.8 | 55.7 | 41.6% |
| Panama | 10.5 | 10.4 | 17.4 | 25.9 | 35.1% |
| Dominican Republic | 11.8 | 12.7 | 13.5 | 22.3 | 23.6% |
| Saudi Arabia | 12.0 | 5.6 | 7.2 | 21.5 | 21.5% |
| Philippines | 10.6 | 13.0 | 12.3 | 20.8 | 25.2% |
| Bahrain | 1.3 | 4.0 | 1.0 | 18.1 | 140.6% |
| Indonesia | 8.0 | 14.0 | 9.5 | 17.7 | 30.3% |
| Taiwan (Chinese) | 12.9 | 14.2 | 15.7 | 12.7 | -0.5% |
| Others | 85.7 | 72.0 | 93.7 | 121 | 12.2% |
| Total | 596 | 589 | 694 | 1,033 | 20.1% |
Top Export Markets for Cheese, Other than Blue-Veined, Grated, Powdered or Processed from the United States in 2022:
- Mexico (87.7K tons)
- Japan (30.2K tons)
- South Korea (14.2K tons)
- Australia (12.9K tons)
- Canada (11.5K tons)
- Philippines (5.4K tons)
- Panama (4.7K tons)
- Indonesia (4.3K tons)
- Dominican Republic (4.3K tons)
- Saudi Arabia (4.1K tons)
- Bahrain (3.2K tons)
- Taiwan (Chinese) (2.1K tons)
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