Price for Cheese of All Kinds, Grated or Powdered in the United States - 2023
Contents:
- Price for Cheese of All Kinds, Grated or Powdered in the United States (FOB) - 2023
- Price for Cheese of All Kinds, Grated or Powdered in the United States (CIF) - 2023
- Exports of Cheese of All Kinds, Grated or Powdered in the United States
- Imports of Cheese of All Kinds, Grated or Powdered in the United States
Price for Cheese of All Kinds, Grated or Powdered in the United States (FOB) - 2023
The average export price for cheese of all kinds, grated or powdered stood at $5,126 per ton in December 2023, increasing by 7.9% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $5,458 per ton in January 2023; however, from February 2023 to December 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($5,992 per ton), while the average price for exports to Australia ($3,509 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 South Korea (+0.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cheese of All Kinds, Grated or Powdered in the United States (CIF) - 2023
In December 2023, the average import price for cheese of all kinds, grated or powdered amounted to $5,858 per ton, declining by -25.3% against the previous month. Over the period under review, the import price recorded a perceptible reduction. The most prominent rate of growth was recorded in November 2023 when the average import price increased by 61% m-o-m. The import price peaked at $8,895 per ton in February 2023; however, from March 2023 to December 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($11,631 per ton), while the price for Mexico ($553 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 Italy (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Cheese of All Kinds, Grated or Powdered in the United States
After three years of growth, overseas shipments of cheese of all kinds, grated or powdered decreased by -4.6% to 95K tons in 2022. The total export volume increased at an average annual rate of +5.8% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 15% against the previous year. As a result, the exports reached the peak of 99K tons, and then fell slightly in the following year.
In value terms, exports of cheese of all kinds, grated or powdered stood at $494M in 2022. The total export value increased at an average annual rate of +11.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 17% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Cheese of All Kinds, Grated or Powdered in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 92.6 | 95.2 | 107 | 132 | 12.5% |
| Japan | 57.2 | 65.4 | 74.0 | 68.6 | 6.2% |
| Australia | 19.4 | 40.5 | 38.3 | 33.1 | 19.5% |
| South Korea | 29.5 | 31.9 | 36.6 | 29.3 | -0.2% |
| Guatemala | 12.3 | 17.6 | 20.9 | 24.8 | 26.3% |
| Saudi Arabia | 8.2 | 8.2 | 11.3 | 19.3 | 33.0% |
| Canada | 17.1 | 20.3 | 17.1 | 17.4 | 0.6% |
| Dominican Republic | 6.1 | 8.7 | 12.0 | 16.5 | 39.3% |
| United Arab Emirates | 19.3 | 9.7 | 13.8 | 15.4 | -7.2% |
| Panama | 7.4 | 10.3 | 11.1 | 14.4 | 24.8% |
| Honduras | 8.0 | 8.6 | 11.9 | 13.9 | 20.2% |
| Indonesia | 3.7 | 12.4 | 14.3 | 13.4 | 53.6% |
| Chile | 9.8 | 10.8 | 13.6 | 13.2 | 10.4% |
| Others | 70.9 | 84.6 | 93.7 | 82.4 | 5.1% |
| Total | 361 | 424 | 475 | 494 | 11.0% |
Top Export Markets for Cheese of All Kinds, Grated or Powdered from the United States in 2022:
- Mexico (23.4K tons)
- Japan (12.6K tons)
- Australia (8.4K tons)
- South Korea (6.5K tons)
- Guatemala (4.9K tons)
- United Arab Emirates (3.8K tons)
- Saudi Arabia (3.6K tons)
- Dominican Republic (3.0K tons)
- Honduras (2.9K tons)
- Indonesia (2.9K tons)
- Canada (2.8K tons)
- Panama (2.8K tons)
- Chile (2.5K tons)
Imports of Cheese of All Kinds, Grated or Powdered in the United States
For the fourth consecutive year, the United States recorded growth in purchases abroad of cheese of all kinds, grated or powdered, which increased by 26% to 1.4K tons in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.8% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of cheese of all kinds, grated or powdered totaled $8.2M in 2022. The total import value increased at an average annual rate of +9.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 22%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the near future.
| Import of Cheese of All Kinds, Grated or Powdered in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 3.2 | 3.0 | 3.9 | 4.5 | 12.0% |
| Israel | 2.9 | 2.7 | 2.9 | 2.7 | -2.4% |
| Mexico | 0.1 | 0.1 | 0.4 | 0.8 | 100.0% |
| Egypt | 0.1 | 0.2 | 0.1 | 0.1 | 0.0% |
| United Kingdom | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.1 | 0.2 | 0.4 | N/A | 100.0% |
| Total | 6.3 | 6.3 | 7.7 | 8.2 | 9.2% |
Top Suppliers of Cheese of All Kinds, Grated or Powdered to the United States in 2022:
- Italy (741.8 tons)
- Israel (417.8 tons)
- Mexico (148.6 tons)
- Egypt (24.1 tons)
- United Kingdom (23.2 tons)
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