Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Denmark - 2023
Contents:
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Denmark (FOB) - 2023
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Denmark (CIF) - 2023
- Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Denmark
- Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Denmark
Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Denmark (FOB) - 2023
In October 2023, the average export price for cheese, other than blue-veined, grated, powdered or processed amounted to $5,463 per ton, growing by 2.2% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 when the average export price increased by 11% month-to-month. The export price peaked at $6,037 per ton in December 2022; however, from January 2023 to October 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Norway ($10,531 per ton), while the average price for exports to the Netherlands ($4,223 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 Norway (+1.3%), 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 Denmark (CIF) - 2023
In October 2023, the average import price for cheese, other than blue-veined, grated, powdered or processed amounted to $5,506 per ton, increasing by 2.1% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in March 2023 an increase of 13% against the previous month. The import price peaked at $5,790 per ton in August 2023; however, from September 2023 to October 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Italy ($8,273 per ton), while the price for Ireland ($3,916 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 Italy (+4.2%), 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 Denmark
In 2022, approx. 153K tons of cheese, other than blue-veined, grated, powdered or processed were exported from Denmark; falling by -2.1% against the previous year. In general, exports recorded a slight contraction. The growth pace was the most rapid in 2021 when exports increased by 0.2% against the previous year.
In value terms, exports of cheese, other than blue-veined, grated, powdered or processed amounted to $826M in 2022. The total export value increased at an average annual rate of +4.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. 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 Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 175 | 170 | 180 | 206 | 5.6% |
| Germany | 142 | 137 | 150 | 182 | 8.6% |
| Finland | 71.4 | 62.6 | 67.5 | 71.2 | -0.1% |
| Norway | 35.8 | 43.7 | 50.6 | 42.7 | 6.1% |
| Spain | 29.1 | 33.6 | 37.3 | 42.1 | 13.1% |
| Netherlands | 34.2 | 28.4 | 31.1 | 40.1 | 5.4% |
| United States | 29.0 | 25.7 | 25.9 | 29.1 | 0.1% |
| Greece | 21.4 | 18.6 | 20.6 | 24.6 | 4.8% |
| Japan | 41.9 | 41.4 | 37.7 | 23.2 | -17.9% |
| Poland | 12.0 | 13.5 | 15.7 | 21.8 | 22.0% |
| Belgium | 9.6 | 11.3 | 14.9 | 15.7 | 17.8% |
| United Kingdom | 13.0 | 11.6 | 13.3 | 14.9 | 4.7% |
| France | 11.1 | 11.0 | 10.6 | 11.8 | 2.1% |
| Others | 102 | 91.1 | 100 | 101 | -0.3% |
| Total | 728 | 699 | 756 | 826 | 4.3% |
Top Export Markets for Cheese, Other than Blue-Veined, Grated, Powdered or Processed from Denmark in 2022:
- Sweden (39.7K tons)
- Germany (37.0K tons)
- Finland (14.8K tons)
- Netherlands (8.9K tons)
- Spain (7.6K tons)
- Poland (5.6K tons)
- Greece (4.5K tons)
- United States (4.4K tons)
- Norway (4.4K tons)
- Japan (3.7K tons)
- Belgium (3.2K tons)
- France (2.8K tons)
- United Kingdom (2.8K tons)
Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Denmark
Imports of cheese, other than blue-veined, grated, powdered or processed into Denmark rose markedly to 74K tons in 2022, surging by 6.2% on the previous year's figure. The total import volume increased at an average annual rate of +4.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports reached 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 expanded rapidly to $361M in 2022. The total import value increased at an average annual rate of +10.8% 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 2021 with an increase of 16%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 45.6 | 41.1 | 46.5 | 55.1 | 6.5% |
| France | 34.8 | 39.5 | 50.5 | 53.8 | 15.6% |
| Netherlands | 30.5 | 38.6 | 45.9 | 53.1 | 20.3% |
| United Kingdom | 35.1 | 35.2 | 35.6 | 46.8 | 10.1% |
| Italy | 33.4 | 33.4 | 37.5 | 42.8 | 8.6% |
| Sweden | 27.7 | 29.9 | 32.9 | 33.8 | 6.9% |
| Poland | 15.5 | 16.2 | 19.2 | 26.3 | 19.3% |
| Greece | 8.5 | 9.9 | 12.2 | 10.1 | 5.9% |
| Austria | 5.3 | 5.3 | 3.5 | 5.2 | -0.6% |
| Finland | 4.3 | 2.9 | 3.0 | 2.8 | -13.3% |
| Others | 24.4 | 29.7 | 38.5 | 31.0 | 8.3% |
| Total | 265 | 282 | 325 | 361 | 10.9% |
Top Suppliers of Cheese, Other than Blue-Veined, Grated, Powdered or Processed to Denmark in 2022:
- France (13.6K tons)
- Netherlands (12.2K tons)
- Germany (12.0K tons)
- United Kingdom (9.5K tons)
- Italy (6.5K tons)
- Sweden (6.0K tons)
- Poland (4.1K tons)
- Greece (1.6K tons)
- Austria (1.5K tons)
- Finland (0.7K tons)
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