Market Monitoring Dairy Industry: Insights November 2021

Mathieu Geuskens
Published on
February 18, 2022

In this monthly dairy industry update, our analysts will share valuable insights about the dairy industry. This month: the trade volume of Dutch cheeses (Gouda, Maasdam, Edam) is down 0.4% in November compared to November 2020, prices are up 11.4%.

Market Monitoring of the dairy industry

Market monitoring helps agri food companies to objectively evaluate their current position within the market and the development of that position. Furthermore, it helps to spot new growth opportunities and whether the market is saturated.

For the A-INSIGHTS MarketMonitor, we analyze the global trade in dairy products on a monthly basis. Derived from local customs agencies and statistics offices, the data gives us insight into monthly trade volumes and prices for all major importers and exporters. Combined with our sector expertise, we can provide you with an up-to-date view of the developments in the global dairy market. 

Minor volume decline is fully offset by the price increase

Whilst the trading volumes of Dutch cheeses (Gouda, Edam, Maasdam) continue to lag compared to previous years, prices are at record levels. Volumes are down 0.4% compared to November 2020, slightly less than the 0.9% year-to-date volume decline. Prices however are up 11.4% for November and 3.6% year-to-date. Both volume decrease and price increase are visible in the trade in all three Dutch cheeses.

Total export November

Figure 1. Total export Dutch cheeses (Gouda, Edam, Maasdam) YTD until November, tonnes and €/kg

Dutch exports remain pressured whilst prices increase

In a market where prices are at record levels, the high-priced exports from the Netherlands are pressured. In November 2021, Netherlands export volumes were down 10.3% compared to November 2020. Meanwhile, the lower-priced volumes from Germany (+13.1%) and Poland (+35.6%) are up, with both countries showing that the lower-priced product has more room for price increase than the volumes from the Netherlands. 

Exporters November

Figure 2. Top 5 exporters Dutch cheeses (Gouda, Edam, Maasdam) November, tonnes and €/kg

Germany reduces imports, additional volume to other European markets

Aside from the sharp increase in exports, Germany has reduced its import of Dutch cheeses by 11.4%, implying an increased domestic production. Japan imports continue to be under previous years levels, with mainly European markets increasing imports. Notable examples are Italy (+13.5%),  Czech Republic (+22.2%), and Sweden (+14.1%).

Importers November

Figure 3. Top 10 importers Dutch cheeses (Gouda, Edam, Maasdam) November, tonnes and €/kg

Curious how A-INSIGHTS can help you to incorporate objective insights into your decision-making processes and how our Performance Monitor will empower your perspective? Schedule a call.

{{cta('1631584b-72f0-4e54-929e-09a78abd5338','justifycenter')}}

Related reads
Table of Content
Share this article
Subscribe for monthly insights
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Unsubscribe at any time
Subscribe

Get valuable insights straight to your inbox

Subscribe to our newsletter and receive the latest insights about your industry in your inbox.

Thank you! Your submission has been received!
Please check the box to indicate that you agree to receive communications from A-INSIGHTS and consent to the storage and processing of your personal information.
` `