Price for Cheese of All Kinds, Grated or Powdered in Canada - 2023
Contents:
- Price for Cheese of All Kinds, Grated or Powdered in Canada (CIF) - 2023
- Price for Cheese of All Kinds, Grated or Powdered in Canada (FOB) - 2022
- Imports of Cheese of All Kinds, Grated or Powdered in Canada
- Exports of Cheese of All Kinds, Grated or Powdered in Canada
Price for Cheese of All Kinds, Grated or Powdered in Canada (CIF) - 2023
In December 2023, the average import price for cheese of all kinds, grated or powdered amounted to $7,056 per ton, with a decrease of -10.9% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 an increase of 56% m-o-m. The import price peaked at $11,586 per ton in May 2023; however, from June 2023 to December 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($11,262 per ton), while the price for Belgium ($5,479 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the United States (+1.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cheese of All Kinds, Grated or Powdered in Canada (FOB) - 2022
The average export price for cheese of all kinds, grated or powdered stood at $3,207 per ton in 2022, waning by -21.7% against the previous year. Over the period under review, the export price recorded a pronounced contraction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 35% against the previous year. Over the period under review, the average export prices attained the maximum at $4,448 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for France.
From 2012 to 2022, the rate of growth in terms of prices for Saint Vincent and the Grenadines amounted to +1.5% per year.
Imports of Cheese of All Kinds, Grated or Powdered in Canada
In 2022, the amount of cheese of all kinds, grated or powdered imported into Canada reached 3K tons, remaining stable against the previous year's figure. The total import volume increased at an average annual rate of +3.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 18% against the previous year. As a result, imports attained the peak of 3.1K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of cheese of all kinds, grated or powdered reached $23M in 2022. The total import value increased at an average annual rate of +9.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 23% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in years to come.
Import of Cheese of All Kinds, Grated or Powdered in Canada (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 16.7 | 20.0 | 16.8 | 17.7 | 2.0% |
Italy | 0.7 | 0.9 | 2.3 | 2.3 | 48.7% |
Australia | 0.1 | 0.5 | 1.3 | 2.0 | 171.4% |
Netherlands | N/A | N/A | 0.1 | 0.5 | 400.0% |
France | 0.2 | 0.4 | 0.8 | 0.4 | 26.0% |
Others | N/A | 0.1 | 0.5 | 0.2 | 41.4% |
Total | 17.7 | 21.9 | 21.7 | 23.1 | 9.3% |
Top Suppliers of Cheese of All Kinds, Grated or Powdered to Canada in 2022:
- United States (2334.8 tons)
- Australia (243.5 tons)
- Italy (209.0 tons)
- Netherlands (89.0 tons)
- France (57.5 tons)
Exports of Cheese of All Kinds, Grated or Powdered in Canada
In 2022, after three years of growth, there was significant decline in overseas shipments of cheese of all kinds, grated or powdered, when their volume decreased by -76.5% to 16 tons. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 187% against the previous year.
In value terms, exports of cheese of all kinds, grated or powdered shrank remarkably to $50K in 2022. In general, exports, however, enjoyed measured growth. The most prominent rate of growth was recorded in 2020 with an increase of 288%.
Export of Cheese of All Kinds, Grated or Powdered in Canada (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 29.6 | 43.7 | 46.5 | 49.8 | 18.9% |
United States | 14.1 | 131 | 215 | N/A | 290.5% |
Others | 1.3 | N/A | 10.0 | 0.1 | -57.5% |
Total | 45.0 | 175 | 271 | 50.0 | 3.6% |
Top Export Markets for Cheese of All Kinds, Grated or Powdered from Canada in 2022:
- France (15.5 tons)
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