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Market Monitoring Dairy Industry: Insights September 2021

Mathieu Geuskens published on December 16, 2021

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 up 7.2% in September compared to September 2020, prices are up 3.9%.

Market Analysis of the dairy industry

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. 

September trade increase brings YTD volume on 2020 levels

Trade volumes for Dutch cheeses (Gouda, Edam, Maasdam) were up 7.2% year-over-year in September 2021, bringing the year-to-date trade volume to the same level of 2020. The difference is mainly driven by lower trade volumes in the first half of the year, whilst trade volumes were above previous years' levels in July and August. Prices were up 3.9% in September, whilst the average year-to-date price is up 2.2% at €3.69/kg.   

Dutch Cheese Exports September 2021YTD-1Figure 1. Total export Dutch cheeses (Gouda, Edam, Maasdam) YTD until September, tonnes and €/kg

Germany supplies most of the additional trade volume

The majority of the additional trade volume is supplied by Germany, which saw exports increase by 4 thousand tonnes (+17.3%) in September. The country supplies almost three-quarters of the additional trade volume, whilst exports from the Netherlands have remained stable in September. Both the Netherlands and Germany manage to increase the average trade price, contributing to the overall price increase that is visible throughout the year. However, the German price increase (+5.4%) is higher than the price increase for exports from the Netherlands (4.9%).

Dutch Cheese Exports SeptemberFigure 2. Top 5 exporters Dutch cheeses (Gouda, Edam, Maasdam) September, tonnes and €/kg

European imports increase, but demand from Japan remains lower

The increased exports from Germany are destined for European importers, with substantial volume increases in Greece, Spain, and Hungary. Exports from the Netherlands continue to be pressured by reduced demand from Japan, which is partly offset by exports to Greece and the Middle East (Egypt and Algeria).

Dutch Cheese Imports September-1Figure 3. Top 10 importers Dutch cheeses (Gouda, Edam, Maasdam) September, tonnes and €/kg

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Mathieu Geuskens

Senior Analyst Food & Agri / mathieu.geuskens@a-insights.eu