Southern Asia: Market for Processed Cheese (excluding Grated or Powdered) 2024

Market Size for Processed Cheese (excluding Grated or Powdered) in Southern Asia

The South Asian market for processed cheese (excluding grated or powdered) skyrocketed to $X in 2023, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Processed Cheese (excluding Grated or Powdered) in Southern Asia

In value terms, production of processed cheese (excluding grated or powdered) fell slightly to $X in 2023 estimated in export price. The total production indicated a resilient increase 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, production increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of production peaked at $X in 2022, and then declined in the following year.

Exports of Processed Cheese (excluding Grated or Powdered)

Exports in Southern Asia

In 2023, approx. X tons of processed cheese (excluding grated or powdered) were exported in Southern Asia; shrinking by X% on the previous year's figure. In general, exports, however, posted a buoyant increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2023, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of processed cheese (excluding grated or powdered) declined to $X in 2023. Over the period under review, exports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports of reached the peak figure at $X in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from India (X tons), together reaching X% of total export.

India was also the fastest-growing in terms of the processed cheese (excluding grated or powdered) exports, with a CAGR of X% from 2012 to 2023. From 2012 to 2023, the share of India increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest processed cheese (excluding grated or powdered) supplier in Southern Asia.

In India, exports of processed cheese (excluding grated or powdered) increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2023, with a decrease of X% against the previous year. Export price indicated prominent growth from 2012 to 2023: its price 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, export price for processed cheese (excluding grated or powdered) increased by X% against 2019 indices. The growth pace was the most rapid in 2017 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2022, and then dropped modestly in the following year.

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 Processed Cheese (excluding Grated or Powdered)

Imports in Southern Asia

In 2023, the amount of processed cheese (excluding grated or powdered) imported in Southern Asia expanded rapidly to X tons, surging by X% against the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports of hit record highs at X tons in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, imports of processed cheese (excluding grated or powdered) amounted to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2023, the growth of imports of remained at a lower figure.

Imports by Country

In 2023, Sri Lanka (X tons), distantly followed by Bhutan (X tons), Pakistan (X tons), India (X tons), Bangladesh (X tons) and Maldives (X tons) were the main importers of processed cheese (excluding grated or powdered), together making up X% of total imports. Afghanistan (X tons) took a relatively small share of total imports.

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

In value terms, Sri Lanka ($X), Bhutan ($X) and Maldives ($X) constituted the countries with the highest levels of imports in 2023, together accounting for X% of total imports. India, Pakistan, Bangladesh and Afghanistan lagged somewhat behind, together comprising a further X%.

Bangladesh, with a CAGR of X%, recorded the highest growth rate of 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

The import price in Southern Asia stood at $X per ton in 2023, picking up by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform