Price for Cheese of All Kinds, Grated or Powdered in New Zealand - 2024
Contents:
- Price for Cheese of All Kinds, Grated or Powdered in New Zealand (FOB) - 2024
- Price for Cheese of All Kinds, Grated or Powdered in New Zealand (CIF) - 2024
- Exports of Cheese of All Kinds, Grated or Powdered in New Zealand
- Imports of Cheese of All Kinds, Grated or Powdered in New Zealand
Price for Cheese of All Kinds, Grated or Powdered in New Zealand (FOB) - 2024
In December 2023, the average export price for cheese of all kinds, grated or powdered amounted to $4,407 per ton, approximately equating the previous month. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 when the average export price increased by 9.3% month-to-month. The export price peaked at $4,717 per ton in June 2023; however, from July 2023 to December 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In December 2023, the countries with the highest prices were China ($4,574 per ton) and Australia ($4,469 per ton), while the average price for exports to Taiwan (Chinese) ($3,873 per ton) and Malaysia ($3,884 per ton) were amongst the lowest.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cheese of All Kinds, Grated or Powdered in New Zealand (CIF) - 2024
The average import price for cheese of all kinds, grated or powdered stood at $6,233 per ton in December 2023, jumping by 36% against the previous month. Over the period under review, the import price showed a modest increase. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 49% month-to-month. As a result, import price reached the peak level of $9,677 per ton. From September 2023 to December 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Italy ($9,851 per ton), while the price for the United States ($4,558 per ton) was amongst the lowest.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+2.4%), while the prices for the other major suppliers experienced a decline.
Exports of Cheese of All Kinds, Grated or Powdered in New Zealand
In 2022, approx. 60K tons of cheese of all kinds, grated or powdered were exported from New Zealand; waning by -37.1% against 2021. In general, exports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2021 when exports increased by 104%. As a result, the exports reached the peak of 95K tons, and then declined sharply in the following year.
In value terms, exports of cheese of all kinds, grated or powdered shrank rapidly to $269M in 2022. Overall, exports, however, saw a prominent increase. The pace of growth appeared the most rapid in 2021 when exports increased by 111%. As a result, the exports reached the peak of $416M, and then declined rapidly in the following year.
| Export of Cheese of All Kinds, Grated or Powdered in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 103 | 103 | 201 | 127 | 7.2% |
| Australia | 18.2 | 19.4 | 35.1 | 19.5 | 2.3% |
| Malaysia | 7.1 | 9.7 | 17.6 | 16.7 | 33.0% |
| Philippines | 7.5 | 5.6 | 13.7 | 14.5 | 24.6% |
| Thailand | 8.0 | 7.1 | 25.2 | 14.3 | 21.4% |
| United Arab Emirates | 3.5 | 5.5 | 20.5 | 11.5 | 48.7% |
| Taiwan (Chinese) | 6.8 | 7.9 | 19.9 | 9.2 | 10.6% |
| Vietnam | 6.1 | 6.1 | 9.5 | 7.6 | 7.6% |
| Indonesia | 5.3 | 4.4 | 12.3 | 6.3 | 5.9% |
| Saudi Arabia | 4.6 | 4.1 | 5.0 | 5.8 | 8.0% |
| Hong Kong SAR | 2.9 | 3.2 | 9.1 | 4.5 | 15.8% |
| Kuwait | 6.0 | 3.3 | 11.4 | 4.0 | -12.6% |
| Mexico | N/A | N/A | 0.1 | 3.9 | 3800.0% |
| Others | 21.9 | 18.0 | 34.8 | 23.5 | 2.4% |
| Total | 200 | 197 | 416 | 269 | 10.4% |
Top Export Markets for Cheese of All Kinds, Grated or Powdered from New Zealand in 2022:
- China (26.6K tons)
- Australia (4.4K tons)
- Malaysia (4.1K tons)
- Thailand (3.2K tons)
- United Arab Emirates (3.0K tons)
- Philippines (3.0K tons)
- Taiwan (Chinese) (2.4K tons)
- Vietnam (1.7K tons)
- Indonesia (1.6K tons)
- Saudi Arabia (1.4K tons)
- Mexico (1.1K tons)
- Hong Kong SAR (1.1K tons)
- Kuwait (1.0K tons)
Imports of Cheese of All Kinds, Grated or Powdered in New Zealand
In 2022, overseas purchases of cheese of all kinds, grated or powdered decreased by -34.1% to 1.9K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 505%.
In value terms, imports of cheese of all kinds, grated or powdered shrank dramatically to $9.7M in 2022. In general, imports, however, recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of 270%.
| Import of Cheese of All Kinds, Grated or Powdered in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.3 | 7.7 | 11.7 | 6.7 | 181.6% |
| Australia | 2.5 | 2.2 | 2.5 | 2.7 | 2.6% |
| Belgium | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Others | 0.1 | 0.8 | 0.1 | 0.1 | 0.0% |
| Total | 2.9 | 10.7 | 14.4 | 9.7 | 49.6% |
Top Suppliers of Cheese of All Kinds, Grated or Powdered to New Zealand in 2022:
- United States (1574.8 tons)
- Australia (255.0 tons)
- Belgium (39.2 tons)
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