Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Sweden - 2023
Contents:
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Sweden (CIF) - 2023
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Sweden (FOB) - 2023
- Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Sweden
- Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Sweden
Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Sweden (CIF) - 2023
The average import price for cheese, other than blue-veined, grated, powdered or processed stood at $12,924 per ton in October 2023, surging by 123% against the previous month. Overall, the import price continues to indicate resilient growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($15,590 per ton), while the price for Norway stood at $6,912 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Norway (+4.3%), 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 Sweden (FOB) - 2023
In October 2023, the average export price for cheese, other than blue-veined, grated, powdered or processed amounted to $10,992 per ton, rising by 90% against the previous month. Overall, export price indicated a resilient increase from October 2022 to October 2023: its price increased at an average monthly rate of +5.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for cheese, other than blue-veined, grated, powdered or processed increased by +89.6% against September 2023 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was Norway ($11,203 per ton), while the average price for exports to the UK ($5,748 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 Finland (+1.3%), 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 Sweden
In 2022, supplies from abroad of cheese, other than blue-veined, grated, powdered or processed increased by 7.9% to 96K tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +1.0% over the period from 2019 to 2022; the trend pattern remained consistent, 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 expanded rapidly to $583M in 2022. The total import value increased at an average annual rate of +5.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. 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 Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 180 | 174 | 177 | 216 | 6.3% |
| Netherlands | 102 | 93.8 | 96.1 | 111 | 2.9% |
| Italy | 48.5 | 56.7 | 67.7 | 65.8 | 10.7% |
| Germany | 41.6 | 42.6 | 41.7 | 47.6 | 4.6% |
| France | 31.7 | 29.8 | 34.5 | 43.9 | 11.5% |
| Greece | 26.1 | 31.3 | 35.0 | 34.6 | 9.9% |
| Cyprus | 38.6 | 40.4 | 39.2 | 34.0 | -4.1% |
| Others | 27.6 | 22.9 | 22.2 | 30.9 | 3.8% |
| Total | 496 | 491 | 513 | 583 | 5.5% |
Top Suppliers of Cheese, Other than Blue-Veined, Grated, Powdered or Processed to Sweden in 2022:
- Denmark (39.8K tons)
- Netherlands (19.1K tons)
- Germany (8.2K tons)
- Italy (7.4K tons)
- France (6.2K tons)
- Greece (5.0K tons)
- Cyprus (4.6K tons)
Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Sweden
In 2022, approx. 11K tons of cheese, other than blue-veined, grated, powdered or processed were exported from Sweden; rising by 22% compared with the previous year. The total export volume increased at an average annual rate of +6.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained 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 soared to $65M in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +12.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 24% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 12.7 | 12.4 | 14.8 | 23.1 | 22.1% |
| Denmark | 19.8 | 17.4 | 18.5 | 21.6 | 2.9% |
| Norway | 6.2 | 6.7 | 9.0 | 9.1 | 13.6% |
| Netherlands | 1.3 | 0.1 | 0.8 | 4.1 | 46.6% |
| Poland | 1.6 | 2.1 | 3.1 | 2.7 | 19.1% |
| United Kingdom | 1.6 | 1.0 | 1.3 | 1.7 | 2.0% |
| Others | 2.8 | 2.8 | 5.3 | 3.3 | 5.6% |
| Total | 46.0 | 42.5 | 52.8 | 65.5 | 12.5% |
Top Export Markets for Cheese, Other than Blue-Veined, Grated, Powdered or Processed from Sweden in 2022:
- Denmark (4.1K tons)
- Finland (3.8K tons)
- Norway (0.9K tons)
- Netherlands (0.8K tons)
- Poland (0.6K tons)
- United Kingdom (0.3K tons)
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