Nicaragua: Cheese Market 2020

Cheese Market Size in Nicaragua

The revenue of the cheese market in Nicaragua amounted to $X in 2018, rising by X% against the previous year. In general, cheese consumption continues to indicate a skyrocketing increase. The pace of growth was the most pronounced in 2012 with an increase of X% against the previous year. Over the period under review, the cheese market reached its peak figure level in 2018 and is likely to see steady growth in the near future.

Cheese Production in Nicaragua

In value terms, cheese production amounted to $X in 2018 estimated in export prices. Over the period under review, cheese production continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2012 with an increase of X% y-o-y. Over the period under review, cheese production reached its peak figure level in 2018 and is likely to continue its growth in the immediate term.

Cheese Exports

Exports from Nicaragua

Cheese exports from Nicaragua stood at X tons in 2018, going down by -X% against the previous year. Overall, the total exports indicated a moderate expansion from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Over the period under review, cheese exports attained their maximum at X tons in 2017, and then declined slightly in the following year.

In value terms, cheese exports stood at $X in 2018. In general, cheese exports, however, continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2014 when exports increased by X% year-to-year. Over the period under review, cheese exports reached their peak figure in 2018 and are likely to continue its growth in the immediate term.

Exports by Country

Germany (X tons), the Netherlands (X tons) and France (X tons) represented roughly X% of total exports of cheese in 2018. Italy (X tons) ranks next in terms of the total exports with a X% share, followed by Denmark (X%), the U.S. (X%) and New Zealand (X%). The following exporters - Poland (X tons), Belgium (X tons), Ireland (X tons), Belarus (X tons) and the UK (X tons) - together made up X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the U.S., while the other leaders experienced more modest paces of growth.

In value terms, the largest cheese markets from Nicaragua were Germany ($X), the Netherlands ($X) and France ($X), with a combined X% share of total exports. Italy, Denmark, the U.S., New Zealand, Belgium, Ireland, Poland, the UK, Belarus and Nicaragua lagged somewhat behind, together comprising a further X U.S. experienced the highest growth rate of exports, among the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The cheese export price in Nicaragua stood at $X per ton in 2018, growing by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. Over the period under review, the export prices for cheese attained their peak figure in 2018 and is expected to retain its growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Italy ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by New Zealand, while the other leaders experienced more modest paces of growth.

Cheese Imports

Imports into Nicaragua

In 2018, the amount of cheese imported into Nicaragua stood at X tons, dropping by -X% against the previous year. Over the period under review, cheese imports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2014 when imports increased by X% year-to-year. Over the period under review, cheese imports reached their maximum at X tons in 2017, and then declined slightly in the following year.

In value terms, cheese imports stood at $X in 2018. Over the period under review, cheese imports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. Over the period under review, cheese imports attained their peak figure at $X in 2017, and then declined slightly in the following year.

Imports by Country

In 2018, Germany (X tons), followed by Italy (X tons), the UK (X tons), France (X tons), the Netherlands (X tons) and Belgium (X tons) were the main importers of cheese, together generating X% of total imports. Japan (X tons), Spain (X tons), Russia (X tons), the U.S. (X tons), Saudi Arabia (X tons) and Greece (X tons) took a relatively small share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

In value terms, the largest cheese importing markets into Nicaragua were Germany ($X), the UK ($X) and Italy ($X), together comprising X% of total imports. France, Belgium, the Netherlands, Japan, Spain, the U.S., Russia, Saudi Arabia, Greece and Nicaragua lagged somewhat behind, together accounting for a further X the main importing countries, Nicaragua experienced the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the cheese import price in Nicaragua amounted to $X per ton, declining by -X% against the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 an increase of X% y-o-y. Nicaragua import price peaked at $X per ton in 2014; however, from 2015 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per ton), while Greece ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform