Price for Cheese of All Kinds, Grated or Powdered in Finland - 2023
Contents:
- Price for Cheese of All Kinds, Grated or Powdered in Finland (CIF) - 2023
- Price for Cheese of All Kinds, Grated or Powdered in Finland (FOB) - 2022
- Imports of Cheese of All Kinds, Grated or Powdered in Finland
- Exports of Cheese of All Kinds, Grated or Powdered in Finland
Price for Cheese of All Kinds, Grated or Powdered in Finland (CIF) - 2023
In October 2023, the average import price for cheese of all kinds, grated or powdered amounted to $7,095 per ton, remaining stable against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in April 2023 when the average import price increased by 7.5% m-o-m. Over the period under review, average import prices attained the peak figure at $7,583 per ton in January 2023; however, from February 2023 to October 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for the UK.
From October 2022 to October 2023, the rate of growth in terms of prices for Germany amounted to +2.1% per month.
Price for Cheese of All Kinds, Grated or Powdered in Finland (FOB) - 2022
The average export price for cheese of all kinds, grated or powdered stood at $6,733 per ton in 2022, rising by 9% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2017 an increase of 16% against the previous year. The export price peaked at $7,288 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($11,237 per ton), while the average price for exports to Russia ($6,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+10.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cheese of All Kinds, Grated or Powdered in Finland
In 2022, purchases abroad of cheese of all kinds, grated or powdered decreased by -14.6% to 4.8K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 18% against the previous year. As a result, imports reached the peak of 5.7K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of cheese of all kinds, grated or powdered dropped slightly to $30M in 2022. The total import value increased at an average annual rate of +5.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 14% against the previous year.
Import of Cheese of All Kinds, Grated or Powdered in Finland (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 11.6 | 13.0 | 13.0 | 12.6 | 2.8% |
Italy | 2.7 | 4.1 | 4.5 | 4.7 | 20.3% |
Denmark | 1.8 | 2.0 | 3.7 | 4.0 | 30.5% |
Germany | 6.1 | 7.4 | 4.6 | 3.5 | -16.9% |
Sweden | 1.3 | 0.2 | 1.1 | 2.7 | 27.6% |
Estonia | 1.5 | 2.0 | 2.7 | 2.1 | 11.9% |
Belgium | 0.3 | 0.3 | 0.6 | 0.7 | 32.6% |
France | 0.6 | 0.7 | 0.2 | N/A | -42.3% |
Others | 0.2 | N/A | N/A | N/A | 0% |
Total | 26.0 | 29.7 | 30.5 | 30.3 | 5.2% |
Top Suppliers of Cheese of All Kinds, Grated or Powdered to Finland in 2022:
- Netherlands (2115.1 tons)
- Denmark (656.3 tons)
- Germany (560.9 tons)
- Sweden (549.1 tons)
- Estonia (417.7 tons)
- Italy (358.3 tons)
- Belgium (118.6 tons)
Exports of Cheese of All Kinds, Grated or Powdered in Finland
In 2022, approx. 28 tons of cheese of all kinds, grated or powdered were exported from Finland; rising by 17% compared with the previous year. The total export volume increased at an average annual rate of +12.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 22% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of cheese of all kinds, grated or powdered soared to $187K in 2022. The total export value increased at an average annual rate of +11.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Cheese of All Kinds, Grated or Powdered in Finland (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Estonia | 98.2 | 122 | 140 | 166 | 19.1% |
Austria | N/A | N/A | N/A | 17.8 | 0% |
Latvia | 35.3 | 29.6 | N/A | N/A | -16.1% |
Others | 2.9 | 0.1 | 6.8 | 3.0 | 1.1% |
Total | 136 | 151 | 147 | 187 | 11.2% |
Top Export Markets for Cheese of All Kinds, Grated or Powdered from Finland in 2022:
- Estonia (25.8 tons)
- Austria (1.6 tons)
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