Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Vietnam - 2022
Contents:
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Vietnam (CIF) - 2022
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Vietnam (FOB) - 2022
- Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Vietnam
- Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Vietnam
Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Vietnam (CIF) - 2022
The average import price for cheese, other than blue-veined, grated, powdered or processed stood at $6,450 per ton in 2022, rising by 9.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2020 an increase of 15%. The import price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Argentina ($6,450 per ton) and Australia ($6,450 per ton), while the price for South Korea ($6,450 per ton) and Uruguay ($6,450 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+1.4%), 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 Vietnam (FOB) - 2022
In 2022, the average export price for cheese, other than blue-veined, grated, powdered or processed amounted to $6,846 per ton, rising by 7.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2014 when the average export price increased by 9.3% against the previous year. The export price peaked at $7,205 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Lao People's Democratic Republic ($6,847 per ton) and Cambodia ($6,847 per ton), while the average price for exports to Singapore ($6,846 per ton) and Thailand ($6,846 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+3.6%), 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 Vietnam
In 2022, after two years of decline, there was significant growth in overseas purchases of cheese, other than blue-veined, grated, powdered or processed, when their volume increased by 25% to 7.1K tons. The total import volume increased at an average annual rate of +3.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of cheese, other than blue-veined, grated, powdered or processed skyrocketed to $46M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +14.6% 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 +50.4% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 3.4 | 3.8 | 3.3 | 6.6 | 24.7% |
| Germany | 6.2 | 7.5 | 8.0 | 5.6 | -3.3% |
| Ireland | 0.2 | 1.1 | 1.9 | 5.3 | 198.1% |
| New Zealand | 3.5 | 2.8 | 3.0 | 3.4 | -1.0% |
| France | 4.5 | 3.5 | 3.1 | 3.3 | -9.8% |
| Argentina | 0.3 | 0.5 | 1.7 | 3.1 | 117.8% |
| Uruguay | 1.3 | 2.2 | 2.1 | 2.6 | 26.0% |
| United States | 2.0 | 1.9 | 1.4 | 2.2 | 3.2% |
| Egypt | 1.4 | 1.0 | 1.1 | 2.0 | 12.6% |
| Poland | 0.7 | 1.7 | 1.3 | 2.0 | 41.9% |
| South Korea | 0.9 | 0.7 | 0.8 | 2.0 | 30.5% |
| Italy | 1.3 | 0.8 | 1.1 | 1.9 | 13.5% |
| Denmark | 1.4 | 1.3 | 0.6 | 1.5 | 2.3% |
| Others | 3.3 | 4.0 | 4.2 | 4.6 | 11.7% |
| Total | 30.6 | 33.0 | 33.6 | 46.0 | 14.6% |
Top Suppliers of Cheese, Other than Blue-Veined, Grated, Powdered or Processed to Vietnam in 2022:
- Australia (1027.8 tons)
- Germany (861.8 tons)
- Ireland (817.4 tons)
- New Zealand (529.6 tons)
- France (514.8 tons)
- Argentina (480.9 tons)
- Uruguay (402.0 tons)
- United States (338.6 tons)
- South Korea (315.3 tons)
- Poland (314.5 tons)
- Egypt (305.3 tons)
- Italy (292.0 tons)
- Denmark (227.6 tons)
Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Vietnam
Exports of cheese, other than blue-veined, grated, powdered or processed from Vietnam skyrocketed to 220 tons in 2022, picking up by 27% compared with the previous year. Over the period under review, exports continue to indicate a relatively flat trend pattern. 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 skyrocketed to $1.5M in 2022. Overall, total exports indicated moderate growth from 2019 to 2022: its value increased at an average annual rate of +3.0% 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 +73.0% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 427 | 197 | 331 | 539 | 8.1% |
| Singapore | 324 | 273 | 442 | 518 | 16.9% |
| Thailand | 138 | 96.9 | 169 | 190 | 11.2% |
| Cambodia | 109 | 95.2 | 68.9 | 187 | 19.7% |
| Lao People's Democratic Republic | 326 | 48.5 | 22.1 | 30.6 | -54.6% |
| Russia | 4.7 | 45.1 | 33.2 | 23.0 | 69.8% |
| Others | 49.0 | 113 | 33.4 | 15.3 | -32.2% |
| Total | 1,377 | 869 | 1,100 | 1,503 | 3.0% |
Top Export Markets for Cheese, Other than Blue-Veined, Grated, Powdered or Processed from Vietnam in 2022:
- Japan (78.8 tons)
- Singapore (75.7 tons)
- Thailand (27.8 tons)
- Cambodia (27.2 tons)
- Lao People's Democratic Republic (4.5 tons)
- Russia (3.4 tons)
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