Dairy Products Export of Cyprus: The Trade Dynamics of 2024

Cyprus is an island country in the eastern Mediterranean Sea. The country, with its strategic location at the crossroads of Europe, Asia, and Africa, has emerged as a substantial contributor to the global dairy export market through the efficient production of its farming sectors. Cyprus Import Data says the country, with its thriving manufacturing rate, has recorded itself as one of the fastest-growing dairy exporters to Asia between the periods of 2013–2024, with an annual growth rate of 12%, reflecting the hike in demand in emerging markets across Asia. The agreements signed earlier by the government authorities of Cyprus, like the Dairy Export Protocol with China, have been facilitating the market exit while contributing to the sustained export growth rate.

The premium products and PDO advantage, like the Halloumi, a globally recognized dairy product of Cyprus, accounting for 13.4% of the total dairy exports, have led to a hike in the contribution of Cyprus to the global dairy products export. Due to a reduction in the demand rate from major exporters like China and Southeast Asian regions, the global dairy market has faced a bit of decline, but Cyprus has still focused on this resilient commodity trade with a higher willingness to pay premium prices. All these attributing factors, including the recovery from pandemic-induced stock accumulation, have resulted in an export trade value of dairy products worth 690 million US dollars in 2024. Subscribe to Import Globals, an import export trade provider, to stay updated with the latest valuation on the dairy products export of Cyprus via the Cyprus Trade Data.

GOVERNMENT INITIATIVES AND POLICY REFORMS SUPPORTING THE EXPORT OF DAIRY PRODUCTS FROM CYPRUS IN 2024

The incentive to increase the halloumi production introduced by the government authorities has reduced the seasonal supply fluctuations while allowing exporters to deliver to global demands to fulfill the contracts consistently throughout the year. It has also increased the annual export volumes while improving the reliability for the overseas traders. The safeguarding of halloumi trade status was initiated to preserve the authenticity of the flagship dairy product of Cyprus. The additional benefit was the allowance of halloumi to maintain the premium pricing while recording an increase in the export value per ton.

This initiative has overall increased the customer’s belief in the product’s origin with an authenticity certification. The productivity-based subsidies for halloumi milk supply have incentivized higher milk yields, helping the commodity to meet PDO requirements without any shortages of raw milk. The EU funding and e-Kofini price transparency platform was supported by the government authorities of Cyprus, as it has enhanced the farmers’ profitability while maintaining stability in the domestic supply. It has also encouraged adherence to quality standards.

THE LEADING VARIANTS OF DAIRY PRODUCTS EXPORTED FROM CYPRUS IN 2024

Cyprus, with its increasing production rate of dairy products, has recorded a steady growth rate in the overall valuation, maintained by the investment made by the government authorities in the farming sector. According to the Cyprus Export Data, the top 10 leading variants of dairy products exported from the nation in 2024 are,

  • Halloumi Cheese — The annual valuation of Halloumi Cheese exported from Cyprus in 2024–165 million US dollars
  • Feta Cheese — The annual valuation of Feta Cheese exported from Cyprus in 2024–124 million US dollars
  • Kasseri Cheese — The annual valuation of Kasseri Cheese exported from Cyprus in 2024–89 million US dollars
  • Fresh Cow’s Milk — The annual valuation of Fresh Cow’s Milk exported from Cyprus in 2024–76 million US dollars
  • Sheep’s Milk– The annual valuation of Sheep’s Milk exported from Cyprus in 2024–68 million US dollars
  • Goat’s Milk — The annual valuation of Goat’s Milk exported from Cyprus in 2024–59 million US dollars
  • Yogurt — The annual valuation of Yogurt exported from Cyprus in 2024–48 million US dollars
  • Butter — The annual valuation of Butter exported from Cyprus in 2024–37 million US dollars
  • Cream — The annual valuation of Cream exported from Cyprus in 2024–22 million US dollars
  • Processed Cheese Products — The annual valuation of Processed Cheese Products exported from Cyprus in 2024–18 million US dollars

THE LEADING EXPORT TRADE PARTNERS OF CYPRUS FOR DAIRY PRODUCTS EXPORT IN 2024

The strategic geographical location of the nation and the valuable efforts made by the trade authorities for maintaining stability in the stronger economic ties have resulted in diversification of the export partners. According to the Cyprus Customs Data, the top 10 export trade partners of the nation in 2024 are,

  • United Kingdom — The total export trade value of dairy products exported from Cyprus to the United Kingdom in 2024–143 million US dollars

Top 5 variants of dairy products exported

1. Halloumi

2. Feta

3. Kasseri

4. Mozzarella

5. Cheddar

  • Greece — The total export trade value of dairy products exported from Cyprus to Greece in 2024–98 million US dollars

Top 5 variants of dairy products exported

1. Gouda

2. Parmesan

3. Brie

4. Camembert

5. Roquefort

  • Italy– The total export trade value of dairy products exported from Cyprus to Italy in 2024–78 million US dollars

Top 5 variants of dairy products exported

1. Blue cheese

2. Swiss cheese

3. Provolone

4. Ricotta

5. Cottage cheese

  • Germany — The total export trade value of dairy products exported from Cyprus to Germany in 2024–65 million US dollars

Top 5 variants of dairy products exported

1. Cream cheese

2. Mascarpone

3. Paneer

4. Queso fresco

5. Edam

  • France — The total export trade value of dairy products exported from Cyprus to France in 2024–58 million US dollars

Top 5 variants of dairy products exported

1. Colby

2. Limburger

3. Monterey Jack

4. Havarti

5. Emmental

  • United Arab Emirates (UAE) — The total export trade value of dairy products exported from Cyprus to the United Arab Emirates (UAE) in 2024–46 million US dollars

Top 5 variants of dairy products exported

1. Taleggio

2. Asiago

3. Grana Padano

4. Neufchâtel

5. String cheese

  • Israel– The total export trade value of dairy products exported from Cyprus to Israel in 2024–39 million US dollars

Top 5 variants of dairy products exported

1. Cotija

2. Halloumi smoked

3. Fresh goat cheese

4. Vegan cheese (dairy alternative)

5. Labneh

  • Russia — The total export trade value of dairy products exported from Cyprus to Russia in 2024–28 million US dollars

Top 5 variants of dairy products exported

1. Skimmed cow’s milk

2. Semi-skimmed cow’s milk

3. Raw cow’s milk

4. UHT cow’s milk

5. Flavored milk

  • Netherlands — The total export trade value of dairy products exported from Cyprus to the Netherlands in 2024–22 million US dollars

Top 5 variants of dairy products exported

1. Goat’s milk

2. Sheep’s milk

3. Buffalo milk

4. Lactose-free milk

5. Organic milk

  • Saudi Arabia– The total export trade value of dairy products exported from Cyprus to Saudi Arabia in 2024–18 million US dollars

Top 5 variants of dairy products exported

1. Natural yogurt

2. Greek yogurt

3. Flavored yogurt

4. Drinkable yogurt

5. Skyr

Comments

Post a Comment

Popular posts from this blog

Overview of the Optical Equipment Import of Vietnam in 2023

Image
The demand for optical equipments in Vietnam has been steadily rising over the years because of the on growing demands from the industrial sectors and other consumer base. The growing awareness about eye care and its vital treatment regarding different fatal diseases is recording a positive impact over the whole eye care import of the nation in 2023 recording an annual growth rate of 10% year from 2019 onwards. Stability in trade relationship with different leading trade destination estates and attractive pricing strategies facilitate the annual import market. The growing domestic acquisitions and the limited production capability of the healthcare industries regarding the production of optical equipment have made the country record an annual import value of 2.3 billion US dollars in 2023. Import Globals with its Vietnam Trade Data highlights the global trade insights of the country’s regional shipments for helping the business holders expand their business worldwide via optimization o...
Read more

Seafood Export of Uganda in 2023

Image
Seafood consumers right now are gradually increasing with time because of the different health benefits it provides to the in-taker. The different vitamins present like vitamin A, vitamin B, and vitamin D not only benefit the health but also aid the proper functioning of the immune system. The globally growing demands and the increasing production cavity of the industrial sectors are promoting the exporting rate of seafood contributing to a minimal share of the total annual export trade revenue. The use of different modern technologies for preserving seafood products and increasing its shelf life along with the greater workforce engaged in it for efficient production have led to a total export trade value of 500 million US dollars in 2023. Import Globals, Uganda Trade Data, highlights the key trade insights of the country’s global trade of seafood to help the business holders adapt to the strategies of business expansion worldwide.    TOP 10 SEAFOOD EXPORTS OF UGANDA IN 2023 A...
Read more

Import and Export Procedures in Vietnam 2023

Import Procedures in Vietnam: Import License: Some goods require an import license issued by the relevant authorities in Vietnam. Importers should check whether their products fall under this category. Customs Declaration: Importers must complete customs declarations accurately and submit them along with supporting documents to customs authorities. Vietnam Import Data Customs Clearance: Imported goods must undergo customs clearance procedures, which include inspection, assessment of duties and taxes, and compliance verification. Payment of Duties and Taxes: Importers are responsible for paying import duties, taxes, and other applicable fees based on the classification and value of the imported goods. Documentation: Required documents for importation typically include commercial invoices, packing lists, bill of lading or airway bills, import permits or licenses (if applicable), and certificates of origin. Export Procedures in Vietnam: Export Registration: Some products may require ex...
Read more