Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Greece - 2023
Contents:
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Greece (FOB) - 2023
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Greece (CIF) - 2023
- Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Greece
- Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Greece
Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Greece (FOB) - 2023
In October 2023, the average export price for cheese, other than blue-veined, grated, powdered or processed amounted to $9,285 per ton, stabilizing at the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +2.1%. The pace of growth appeared the most rapid in December 2022 when the average export price increased by 8.2% month-to-month. Over the period under review, the average export prices reached the maximum at $9,407 per ton in September 2023, and then shrank modestly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Australia ($11,020 per ton), while the average price for exports to Cyprus ($6,930 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+2.9%), 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 Greece (CIF) - 2023
The average import price for cheese, other than blue-veined, grated, powdered or processed stood at $5,159 per ton in October 2023, with an increase of 9.8% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 28% month-to-month. The import price peaked at $5,631 per ton in November 2022; however, from December 2022 to October 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($10,345 per ton), while the price for Germany ($4,460 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Ireland (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Greece
In 2022, overseas shipments of cheese, other than blue-veined, grated, powdered or processed decreased by -0.5% to 108K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +7.4% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 12% against the previous year.
In value terms, exports of cheese, other than blue-veined, grated, powdered or processed rose remarkably to $788M in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +15.4% 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 +53.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 158 | 193 | 225 | 240 | 15.0% |
| Italy | 58.5 | 57.6 | 69.7 | 84.8 | 13.2% |
| United Kingdom | 68.8 | 68.5 | 71.2 | 84.5 | 7.1% |
| France | 23.4 | 32.6 | 50.4 | 63.0 | 39.1% |
| United States | 30.7 | 34.6 | 49.4 | 53.5 | 20.3% |
| Sweden | 29.1 | 30.0 | 34.7 | 35.9 | 7.3% |
| Austria | 22.3 | 26.5 | 22.3 | 26.5 | 5.9% |
| Cyprus | 17.9 | 18.1 | 20.8 | 24.6 | 11.2% |
| Belgium | 9.9 | 12.1 | 19.4 | 24.4 | 35.1% |
| Netherlands | 13.4 | 16.2 | 16.1 | 18.9 | 12.1% |
| Spain | 7.6 | 9.1 | 14.5 | 18.6 | 34.8% |
| Australia | 15.0 | 18.7 | 18.1 | 16.6 | 3.4% |
| Denmark | 7.6 | 9.0 | 11.8 | 12.3 | 17.4% |
| Others | 50.8 | 57.2 | 78.7 | 84.0 | 18.3% |
| Total | 513 | 583 | 702 | 788 | 15.4% |
Top Export Markets for Cheese, Other than Blue-Veined, Grated, Powdered or Processed from Greece in 2022:
- Germany (34.4K tons)
- United Kingdom (12.0K tons)
- Italy (11.7K tons)
- France (8.6K tons)
- United States (6.3K tons)
- Sweden (5.1K tons)
- Austria (3.6K tons)
- Cyprus (3.6K tons)
- Belgium (3.1K tons)
- Netherlands (2.7K tons)
- Spain (2.2K tons)
- Australia (2.0K tons)
- Denmark (1.8K tons)
Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Greece
In 2022, approx. 109K tons of cheese, other than blue-veined, grated, powdered or processed were imported into Greece; surging by 1.8% on the previous year. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 8.2%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of cheese, other than blue-veined, grated, powdered or processed skyrocketed to $585M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +11.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 145 | 131 | 136 | 196 | 10.6% |
| Germany | 105 | 109 | 145 | 177 | 19.0% |
| Italy | 36.4 | 28.3 | 38.5 | 41.4 | 4.4% |
| Denmark | 22.0 | 23.0 | 26.4 | 31.3 | 12.5% |
| Austria | 17.4 | 17.8 | 23.3 | 29.5 | 19.2% |
| Bulgaria | 25.3 | 22.8 | 24.1 | 25.7 | 0.5% |
| Ireland | 13.0 | 14.1 | 15.1 | 16.4 | 8.1% |
| Cyprus | 10.3 | 8.8 | 13.8 | 15.0 | 13.3% |
| Romania | 9.6 | 8.7 | 9.8 | 12.0 | 7.7% |
| Belgium | 8.5 | 7.6 | 7.6 | 9.8 | 4.9% |
| Poland | 8.6 | 6.3 | 6.3 | 8.1 | -2.0% |
| Others | 20.7 | 19.7 | 20.3 | 22.7 | 3.1% |
| Total | 421 | 396 | 466 | 585 | 11.6% |
Top Suppliers of Cheese, Other than Blue-Veined, Grated, Powdered or Processed to Greece in 2022:
- Netherlands (39.5K tons)
- Germany (34.4K tons)
- Denmark (5.8K tons)
- Austria (5.4K tons)
- Italy (4.3K tons)
- Bulgaria (4.3K tons)
- Romania (2.8K tons)
- Ireland (2.8K tons)
- Cyprus (2.8K tons)
- Poland (1.7K tons)
- Belgium (1.7K tons)
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