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Spain - Cheese - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Spain - Cheese - Market Analysis, Forecast, Size, Trends and Insights

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May 21, 2023

Cheese Price in Spain Drops 3%, Averaging $5,557 per Ton After Two Consecutive Months of Contraction

Spain Cheese Import Price in February 2023

In February 2023, the cheese price stood at $5,557 per ton (CIF, Spain), falling by -2.5% against the previous month. Over the last twelve months, it increased at an average monthly rate of +3.1%. The most prominent rate of growth was recorded in June 2022 an increase of 19% m-o-m. Over the period under review, average import prices attained the peak figure at $5,755 per ton in December 2022; however, from January 2023 to February 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In February 2023, the country with the highest price was Italy ($8,437 per ton), while the price for Poland ($4,601 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Italy (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

COUNTRYImport Price of Cheese in Spain (USD per ton)
Feb 2022Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023
Italy4,7914,5975,7305,6977,0866,9477,2857,3547,3548,0987,8638,5998,437
Portugal4,2554,2224,5824,2734,9475,2514,4124,5494,5845,0943,0363,8685,500
France3,4363,3433,8573,9315,0645,1565,2724,3804,8525,3715,6315,7845,486
Netherlands4,6064,3864,7204,8025,1765,1925,2475,2905,2695,4945,6205,5965,382
Denmark4,4114,6104,8464,6195,0975,2175,3445,2255,2965,5675,6165,2595,308
Germany3,4513,6774,2984,6075,2545,1745,1625,0545,1115,3705,7885,5275,019
Belgium3,7883,6733,9244,0504,1794,4324,8814,8794,4804,2194,8034,4144,654
Poland4,3464,5034,6414,7294,8795,0174,8574,8714,5295,1124,9404,5474,601
Average3,8523,8034,3944,4585,2945,3695,4065,2325,2845,5725,7555,7025,557

Spain Cheese Import Prices by Type

There were significant differences in the average prices amongst the major supplied products. In February 2023, the product with the highest price was cheese, blue-veined (not grated, powdered or processed) ($9,220 per ton), while the price for fresh cheese (unripened or uncured cheese), including whey cheese and curd ($4,217 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by cheese, blue-veined (not grated, powdered or processed) (+9.4%), while the prices for the other products experienced more modest paces of growth.

Spain Cheese Imports

In February 2023, purchases abroad of cheese decreased by -3.8% to 25K tons, falling for the second consecutive month after two months of growth. Over the period under review, imports saw a mild slump. The pace of growth was the most pronounced in March 2022 when imports increased by 22% m-o-m. As a result, imports attained the peak of 39K tons. From April 2022 to February 2023, the growth of imports remained at a somewhat lower figure.

In value terms, cheese imports shrank to $141M (IndexBox estimates) in February 2023. The total import value increased at an average monthly rate of +1.2% from February 2022 to February 2023; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain months. The most prominent rate of growth was recorded in March 2022 with an increase of 21% m-o-m.

Spain Cheese Imports by Type

Cheese, other than blue-veined, grated, powdered or processed (14K tons), fresh cheese (unripened or uncured cheese), including whey cheese and curd (9.1K tons) and cheese of all kinds, grated or powdered (1.4K tons) were the main products of cheese imports to Spain, together accounting for 95% of total imports.

From February 2022 to February 2023, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by fresh cheese (unripened or uncured cheese), including whey cheese and curd (with a CAGR of +0.6%), while imports for the other products experienced a decline.

In value terms, cheese, other than blue-veined, grated, powdered or processed ($83M) constituted the largest type of cheese supplied to Spain, comprising 59% of total imports. The second position in the ranking was held by fresh cheese (unripened or uncured cheese), including whey cheese and curd ($39M), with a 27% share of total imports. It was followed by cheese of all kinds, grated or powdered, with a 7.7% share.

Spain Cheese Imports by Country

The Netherlands (6.8K tons), Germany (5.3K tons) and France (4.5K tons) were the main suppliers of cheese imports to Spain, with a combined 65% share of total imports. These countries were followed by Italy, Belgium, Denmark, Poland and Portugal, which together accounted for a further 28%.

From February 2022 to February 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +3.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cheese suppliers to Spain were the Netherlands ($37M), Germany ($27M) and France ($25M), together accounting for 62% of total imports. Italy, Belgium, Denmark, Poland and Portugal lagged somewhat behind, together comprising a further 32%.

Portugal, with a CAGR of +5.6%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the cheese market in Spain. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 901 - Cheese from Whole Cow Milk
  • FCL 904 - Cheese from Skimmed Cow Milk
  • FCL 905 - Whey Cheese
  • FCL 907 - Processed Cheese
  • FCL 955 - Cheese of Buffalo Milk
  • FCL 984 - Cheese of Sheep Milk
  • FCL 1021 - Cheese of Goat Milk

Country coverage:

  • Spain

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Spain
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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