Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Ireland - 2023
Contents:
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Ireland (FOB) - 2023
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Ireland (CIF) - 2023
- Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Ireland
- Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Ireland
Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Ireland (FOB) - 2023
In October 2023, the average export price for cheese, other than blue-veined, grated, powdered or processed amounted to $4,911 per ton, which is down by -4% against the previous month. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 when the average export price increased by 11% m-o-m. The export price peaked at $6,222 per ton in January 2023; however, from February 2023 to October 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($9,946 per ton), while the average price for exports to Belgium ($3,335 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 the United States (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Ireland (CIF) - 2023
In October 2023, the average import price for cheese, other than blue-veined, grated, powdered or processed amounted to $5,727 per ton, reducing by -8.3% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in April 2023 an increase of 31% against the previous month. The import price peaked at $6,633 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 ($10,213 per ton), while the price for Poland ($2,881 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 (+2.9%), 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 Ireland
For the third consecutive year, Ireland recorded decline in overseas shipments of cheese, other than blue-veined, grated, powdered or processed, which decreased by -8.7% to 208K tons in 2022. In general, exports continue to indicate a deep contraction. The smallest decline of -7.5% was in 2020.
In value terms, exports of cheese, other than blue-veined, grated, powdered or processed amounted to $1B in 2022. The total export value increased at an average annual rate of +1.8% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Ireland (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 402 | 414 | 363 | 268 | -12.6% |
Germany | 73.0 | 123 | 84.8 | 141 | 24.5% |
Netherlands | 120 | 74.6 | 100 | 132 | 3.2% |
Japan | 51.9 | 61.9 | 67.6 | 73.3 | 12.2% |
United States | 48.9 | 42.5 | 76.8 | 70.2 | 12.8% |
Algeria | 44.5 | 55.0 | 48.6 | 66.4 | 14.3% |
France | 32.3 | 28.0 | 38.5 | 52.8 | 17.8% |
Spain | 28.4 | 24.3 | 37.6 | 48.6 | 19.6% |
Saudi Arabia | 19.7 | 29.0 | 26.0 | 21.3 | 2.6% |
Belgium | 19.7 | 17.5 | 22.8 | 18.9 | -1.4% |
Egypt | 20.6 | 21.4 | 28.3 | 15.1 | -9.8% |
Others | 133 | 117 | 123 | 140 | 1.7% |
Total | 994 | 1,008 | 1,018 | 1,048 | 1.8% |
Top Export Markets for Cheese, Other than Blue-Veined, Grated, Powdered or Processed from Ireland in 2022:
- United Kingdom (66.5K tons)
- Netherlands (26.7K tons)
- Germany (25.4K tons)
- Japan (13.1K tons)
- Algeria (11.9K tons)
- United States (9.9K tons)
- France (9.7K tons)
- Spain (9.0K tons)
- Saudi Arabia (3.8K tons)
- Belgium (3.8K tons)
- Egypt (2.8K tons)
Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Ireland
In 2022, supplies from abroad of cheese, other than blue-veined, grated, powdered or processed decreased by -8.9% to 26K tons, falling for the second year in a row after two years of growth. In general, imports faced a abrupt setback. The most prominent rate of growth was recorded in 2020 when imports increased by 11% against the previous year. As a result, imports attained the peak of 41K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of cheese, other than blue-veined, grated, powdered or processed stood at $148M in 2022. Overall, imports showed a slight slump.
Import of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Ireland (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 88.3 | 109 | 49.2 | 46.3 | -19.4% |
Germany | 20.4 | 20.6 | 25.3 | 41.0 | 26.2% |
Italy | 12.8 | 11.5 | 13.5 | 15.4 | 6.4% |
Netherlands | 5.9 | 6.4 | 8.6 | 15.0 | 36.5% |
France | 7.5 | 5.7 | 8.3 | 10.9 | 13.3% |
Belgium | 13.9 | 4.2 | 14.0 | 8.0 | -16.8% |
Poland | 1.4 | 1.5 | 1.7 | 1.8 | 8.7% |
Others | 5.1 | 4.6 | 8.7 | 10.0 | 25.2% |
Total | 155 | 164 | 129 | 148 | -1.5% |
Top Suppliers of Cheese, Other than Blue-Veined, Grated, Powdered or Processed to Ireland in 2022:
- United Kingdom (8.4K tons)
- Germany (7.0K tons)
- Netherlands (2.7K tons)
- France (2.4K tons)
- Italy (2.0K tons)
- Belgium (1.5K tons)
- Poland (0.7K tons)
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