Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Slovakia - 2023
Contents:
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Slovakia (CIF) - 2023
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Slovakia (FOB) - 2023
- Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Slovakia
- Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Slovakia
Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Slovakia (CIF) - 2023
In September 2023, the average import price for cheese, other than blue-veined, grated, powdered or processed amounted to $5,692 per ton, increasing by 3.1% against the previous month. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 12% m-o-m. As a result, import price reached the peak level of $5,973 per ton. From December 2022 to September 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Italy ($12,721 per ton), while the price for the Netherlands ($4,445 per ton) was amongst the lowest.
From October 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Italy (+1.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Slovakia (FOB) - 2023
The average export price for cheese, other than blue-veined, grated, powdered or processed stood at $10,713 per ton in October 2023, jumping by 28% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +4.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for the UK.
From October 2022 to October 2023, the rate of growth in terms of prices for Germany amounted to +4.8% per month.
Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Slovakia
In 2022, the amount of cheese, other than blue-veined, grated, powdered or processed imported into Slovakia contracted to 31K tons, waning by -9.8% against the year before. In general, imports, however, continue to indicate slight growth. The most prominent rate of growth was recorded in 2021 when imports increased by 29%. As a result, imports reached the peak of 34K tons, and then dropped in the following year.
In value terms, imports of cheese, other than blue-veined, grated, powdered or processed reached $166M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +10.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 36%. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the immediate term.
| Import of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 49.0 | 46.9 | 73.3 | 55.8 | 4.4% |
| Czech Republic | 18.6 | 29.3 | 42.9 | 55.1 | 43.6% |
| Germany | 22.6 | 21.6 | 23.7 | 26.0 | 4.8% |
| Netherlands | 9.1 | 9.2 | 10.3 | 16.7 | 22.4% |
| Italy | 4.3 | 6.0 | 5.9 | 4.9 | 4.5% |
| France | 4.0 | 3.4 | 2.1 | 1.4 | -29.5% |
| Others | 14.3 | 5.1 | 7.1 | 6.7 | -22.3% |
| Total | 122 | 121 | 165 | 166 | 10.8% |
Top Suppliers of Cheese, Other than Blue-Veined, Grated, Powdered or Processed to Slovakia in 2022:
- Poland (11.3K tons)
- Czech Republic (10.5K tons)
- Germany (4.6K tons)
- Netherlands (2.7K tons)
- Italy (0.5K tons)
- France (0.3K tons)
Exports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Slovakia
In 2022, exports of cheese, other than blue-veined, grated, powdered or processed from Slovakia skyrocketed to 24K tons, picking up by 16% on the year before. The total export volume increased at an average annual rate of +1.4% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed 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 surged to $150M in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +11.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +42.6% against 2020 indices. 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 Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 22.9 | 18.1 | 18.8 | 39.6 | 20.0% |
| Czech Republic | 32.1 | 32.8 | 36.6 | 39.0 | 6.7% |
| United Kingdom | 14.3 | 21.6 | 23.0 | 27.0 | 23.6% |
| Germany | 30.3 | 25.2 | 30.4 | 25.5 | -5.6% |
| Netherlands | N/A | N/A | N/A | 14.3 | 0% |
| Ukraine | 3.8 | 4.4 | 1.5 | 0.6 | -46.0% |
| Others | 4.9 | 3.3 | 4.7 | 4.1 | -5.8% |
| Total | 108 | 105 | 115 | 150 | 11.6% |
Top Export Markets for Cheese, Other than Blue-Veined, Grated, Powdered or Processed from Slovakia in 2022:
- Hungary (7.7K tons)
- Czech Republic (6.4K tons)
- Germany (4.4K tons)
- United Kingdom (2.9K tons)
- Netherlands (1.7K tons)
- Ukraine (0.1K tons)
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