Asia-Pacific: Cheese And Curd Market 2024

Cheese And Curd Market Size in Asia-Pacific

The Asia-Pacific cheese and curd market rose sharply to $X in 2023, with an increase of X% against the previous year. The total consumption indicated a resilient increase from 2012 to 2023: its value 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. Based on 2023 figures, consumption increased by X% against 2012 indices. The level of consumption peaked in 2023 and is likely to see steady growth in the immediate term.

Cheese And Curd Production in Asia-Pacific

In value terms, cheese and curd production expanded rapidly to $X in 2023 estimated in export price. The total production indicated a prominent expansion from 2012 to 2023: its value 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. Based on 2023 figures, production increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. The level of production peaked in 2023 and is expected to retain growth in years to come.

Cheese And Curd Exports

Exports in Asia-Pacific

Cheese and curd exports fell sharply to X tons in 2023, declining by X% compared with 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports remained at a lower figure.

In value terms, cheese and curd exports shrank remarkably to $X in 2023. Total exports indicated notable growth from 2012 to 2023: its value 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 2021 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2022, and then shrank significantly in the following year.

Exports by Country

New Zealand represented the main exporting country with an export of around X tons, which reached X% of total exports. It was distantly followed by Australia (X tons), achieving a X% share of total exports. India (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to cheese and curd exports from New Zealand stood at X%. At the same time, India (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. By contrast, Australia (X%) illustrated a downward trend over the same period. While the share of New Zealand (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Australia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) remains the largest cheese and curd supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Australia ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in New Zealand amounted to X%. In the other countries, the average annual rates were as follows: Australia (X% per year) and India (X% per year).

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The level of export peaked in 2023 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was India ($X per ton), while New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Cheese And Curd Imports

Imports in Asia-Pacific

In 2023, approx. X tons of cheese and curd were imported in Asia-Pacific; approximately equating the previous year. Total imports indicated a moderate increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The growth pace was the most rapid in 2015 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, cheese and curd imports rose sharply to $X in 2023. Total imports indicated buoyant growth from 2012 to 2023: its value 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. Based on 2023 figures, imports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of import peaked in 2023 and is likely to see gradual growth in the near future.

Imports by Country

In 2023, Japan (X tons), China (X tons), South Korea (X tons) and Australia (X tons) represented the largest importer of cheese and curd in Asia-Pacific, making up X% of total import. Indonesia (X tons), Taiwan (Chinese) (X tons), the Philippines (X tons), Malaysia (X tons), Thailand (X tons), Singapore (X tons) and Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cheese and curd importing markets in Asia-Pacific were Japan ($X), China ($X) and South Korea ($X), with a combined X% share of total imports.

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. Over the period under review, import prices reached the peak figure in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform