Southern Asia: Market for Grated, Powdered and Blue-Veined Cheese 2024

Market Size for Grated, Powdered and Blue-Veined Cheese in Southern Asia

The South Asian grated and blue cheese market dropped notably to $X in 2023, falling by X% against the previous year. Overall, consumption continues to indicate a noticeable curtailment. As a result, consumption attained the peak level of $X. From 2019 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Grated, Powdered and Blue-Veined Cheese in Southern Asia

In value terms, grated and blue cheese production reduced to $X in 2023 estimated in export price. Over the period under review, production saw a modest expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2023, production failed to regain momentum.

Exports of Grated, Powdered and Blue-Veined Cheese

Exports in Southern Asia

In 2023, the amount of grated, powdered and blue-veined cheese exported in Southern Asia rose markedly to X tons, picking up by X% on 2022. In general, exports recorded a resilient expansion. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in the near future.

In value terms, grated and blue cheese exports surged to $X in 2023. Overall, exports enjoyed a strong expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the exports reached the maximum in 2023 and are likely to see steady growth in the immediate term.

Exports by Country

The shipments of the one major exporters of grated, powdered and blue-veined cheese, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the grated, powdered and blue-veined cheese 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 grated and blue cheese supplier in Southern Asia.

In India, grated and blue cheese 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, increasing by X% against the previous year. Over the last eleven-year period, 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.

Imports of Grated, Powdered and Blue-Veined Cheese

Imports in Southern Asia

In 2023, overseas purchases of grated, powdered and blue-veined cheese decreased by X% to X tons, falling for the fourth consecutive year after two years of growth. Over the period under review, imports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, grated and blue cheese imports reduced slightly to $X in 2023. Total imports indicated resilient growth from 2012 to 2023: its value 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 increased by X% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Afghanistan represented the key importer of grated, powdered and blue-veined cheese in Southern Asia, with the volume of imports reaching X tons, which was near X% of total imports in 2023. It was distantly followed by India (X tons), Sri Lanka (X tons), Maldives (X tons), Nepal (X tons) and Bangladesh (X tons), together making up a X% share of total imports. Bhutan (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to grated and blue cheese imports into Afghanistan stood at X%. At the same time, Maldives (X%), Nepal (X%), India (X%), Sri Lanka (X%), Bangladesh (X%) and Bhutan (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. Afghanistan (X p.p.) and Maldives (X p.p.) significantly strengthened its position in terms of the total imports, while Bhutan, Bangladesh, India and Sri Lanka saw its share reduced by X%, X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest grated and blue cheese importing markets in Southern Asia were Afghanistan ($X), India ($X) and Maldives ($X), together comprising X% of total imports.

Maldives, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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, leveling off at the previous year. Overall, the import price, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

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 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