Southern Asia: Cheese And Curd Market 2024

Cheese And Curd Market Size in Southern Asia

The South Asian cheese and curd market expanded significantly to $X in 2023, surging by X% against the previous year. Overall, consumption showed a prominent expansion. The level of consumption peaked in 2023 and is likely to see steady growth in the near future.

Cheese And Curd Production in Southern Asia

In value terms, cheese and curd production expanded rapidly to $X in 2023 estimated in export price. Over the period under review, production saw prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The level of production peaked in 2023 and is likely to see gradual growth in years to come.

Cheese And Curd Exports

Exports in Southern Asia

In 2023, the amount of cheese and curd exported in Southern Asia rose to X tons, growing by X% compared with the year before. Overall, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2023 and are expected to retain growth in the near future.

In value terms, cheese and curd exports stood at $X in 2023. In general, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The level of export peaked in 2023 and is likely to see gradual growth in the near future.

Exports by Country

India (X tons) represented roughly X% of total exports in 2023.

India was also the fastest-growing in terms of the cheese and curd exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest cheese and curd supplier in Southern Asia.

In India, cheese and curd exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per ton, growing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2023, the rate of growth in terms of prices for India amounted to X% per year.

Cheese And Curd Imports

Imports in Southern Asia

In 2023, supplies from abroad of cheese and curd decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, cheese and curd imports declined slightly to $X in 2023. Total imports indicated a resilient 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 when imports increased by X%. The level of import peaked at $X in 2018; however, from 2019 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Afghanistan (X tons) was the key importer of cheese and curd, mixing up X% of total imports. India (X tons) ranks second in terms of the total imports with a X% share, followed by Maldives (X%), Sri Lanka (X%), Bhutan (X%) and Bangladesh (X%). Pakistan (X tons) took a minor share of total imports.

Imports into Afghanistan increased at an average annual rate of X% from 2012 to 2023. At the same time, Maldives (X%), Bangladesh (X%) and India (X%) displayed positive paces of growth. Moreover, Maldives emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2023. Bhutan and Sri Lanka experienced a relatively flat trend pattern. By contrast, Pakistan (X%) illustrated a downward trend over the same period. While the share of Afghanistan (X p.p.), Maldives (X p.p.) and Bangladesh (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of India (X p.p.), Bhutan (X p.p.), Sri Lanka (X p.p.) and Pakistan (X p.p.) displayed negative dynamics.

In value terms, Afghanistan ($X), India ($X) and Maldives ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Maldives, 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

In 2023, the import price in Southern Asia amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform