Price for Cheese of All Kinds, Grated or Powdered in Lithuania - 2023
Contents:
- Price for Cheese of All Kinds, Grated or Powdered in Lithuania (FOB) - 2023
- Price for Cheese of All Kinds, Grated or Powdered in Lithuania (CIF) - 2023
- Exports of Cheese of All Kinds, Grated or Powdered in Lithuania
- Imports of Cheese of All Kinds, Grated or Powdered in Lithuania
Price for Cheese of All Kinds, Grated or Powdered in Lithuania (FOB) - 2023
In November 2023, the average export price for cheese of all kinds, grated or powdered amounted to $9,727 per ton, leveling off at the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in September 2023 an increase of 16% m-o-m. The export price peaked at $9,960 per ton in June 2023; however, from July 2023 to November 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 Slovenia ($13,682 per ton), while the average price for exports to Poland ($8,359 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cheese of All Kinds, Grated or Powdered in Lithuania (CIF) - 2023
The average import price for cheese of all kinds, grated or powdered stood at $7,262 per ton in November 2023, growing by 5.6% against the previous month. In general, the import price, however, showed a mild downturn. The most prominent rate of growth was recorded in March 2023 an increase of 54% m-o-m. The import price peaked at $8,307 per ton in November 2022; however, from December 2022 to November 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Italy ($13,594 per ton), while the price for Poland ($5,218 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Denmark (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cheese of All Kinds, Grated or Powdered in Lithuania
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 -11% to 499 tons. The total export volume increased at an average annual rate of +9.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 31% against the previous year. As a result, the exports attained the peak of 561 tons, and then contracted in the following year.
In value terms, exports of cheese of all kinds, grated or powdered fell modestly to $4M in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +19.8% 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 +71.9% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 38%. As a result, the exports reached the peak of $4.1M, and then dropped in the following year.
| Export of Cheese of All Kinds, Grated or Powdered in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 1,249 | 1,610 | 1,942 | 1,806 | 13.1% |
| Poland | 266 | 450 | 874 | 955 | 53.1% |
| Estonia | 379 | 351 | 441 | 510 | 10.4% |
| Slovakia | 97.5 | 135 | 163 | 166 | 19.4% |
| Slovenia | 72.4 | 53.1 | 83.2 | 134 | 22.8% |
| Croatia | 50.7 | 53.1 | 102 | 126 | 35.5% |
| Ukraine | 14.8 | 41.7 | 275 | 116 | 98.6% |
| Others | 225 | 270 | 221 | 233 | 1.2% |
| Total | 2,354 | 2,964 | 4,102 | 4,047 | 19.8% |
Top Export Markets for Cheese of All Kinds, Grated or Powdered from Lithuania in 2022:
- Latvia (230.8 tons)
- Poland (112.7 tons)
- Estonia (64.1 tons)
- Slovakia (18.6 tons)
- Slovenia (17.7 tons)
- Croatia (13.4 tons)
- Ukraine (12.4 tons)
Imports of Cheese of All Kinds, Grated or Powdered in Lithuania
For the fourth consecutive year, Lithuania recorded growth in purchases abroad of cheese of all kinds, grated or powdered, which increased by 26% to 251 tons in 2022. Over the period under review, imports saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 34% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of cheese of all kinds, grated or powdered skyrocketed to $1.8M in 2022. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 43% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in years to come.
| Import of Cheese of All Kinds, Grated or Powdered in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 31.4 | 164 | 230 | 482 | 148.5% |
| Netherlands | 94.9 | 103 | 210 | 331 | 51.7% |
| Germany | 144 | 157 | 191 | 254 | 20.8% |
| Italy | 189 | 196 | 243 | 241 | 8.4% |
| Estonia | 121 | 120 | 121 | 130 | 2.4% |
| Denmark | 74.0 | 80.7 | 129 | 129 | 20.4% |
| Latvia | 96.8 | 74.6 | 90.6 | 114 | 5.6% |
| Others | 0.4 | 11.8 | 81.8 | 80.4 | 485.8% |
| Total | 752 | 906 | 1,297 | 1,762 | 32.8% |
Top Suppliers of Cheese of All Kinds, Grated or Powdered to Lithuania in 2022:
- Poland (90.0 tons)
- Netherlands (50.7 tons)
- Germany (37.0 tons)
- Italy (20.0 tons)
- Estonia (17.8 tons)
- Denmark (14.2 tons)
- Latvia (11.1 tons)
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