New Articles

Global Cheese Market Hit Record Highs But Is to Lose Momentum Against the Pandemic

cheese

Global Cheese Market Hit Record Highs But Is to Lose Momentum Against the Pandemic

IndexBox has just published a new report: ‘World – Cheese – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

In 2019, the global cheese market increased by 2.3% to $114.1B, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of +1.1% over the period from 2013 to 2019; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2017 when the market value increased by 7.1% year-to-year. Over the period under review, the global market reached its maximum level in 2019.

Taking into account the closure of the HoReCa sector worldwide due to the pandemic, a decrease in consumer incomes and possible disruptions in the work of international supply chains, global cheese consumption is expected to stagnate in 2020. Afterward, the start of gradual market growth is expected as the global economy recovers from the effects of the pandemic. The market is forecast to expand with an anticipated CAGR +0.6% for the period from 2019 to 2030, which is projected to bring the market volume to 27M tonnes by the end of 2030.

Consumption by Country

The U.S. (6.1M tonnes) remains the largest cheese consuming country worldwide, accounting for 24% of total volume. Moreover, cheese consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Germany (3M tonnes), twofold. The third position in this ranking was occupied by France (1.6M tonnes), with a 6.4% share.

From 2013 to 2019, the average annual rate of growth in terms of volume in the U.S. totaled +2.5%. In the other countries, the average annual rates were as follows: Germany (+4.4% per year) and France (+1.3% per year).

In value terms, the U.S. ($25.9B) led the market, alone. The second position in the ranking was occupied by Germany ($11.2B). It was followed by Italy.

The countries with the highest levels of cheese per capita consumption in 2019 were the Czech Republic (64 kg per person), Germany (37 kg per person) and France (25 kg per person).

From 2013 to 2019, the most notable rate of growth in terms of cheese per capita consumption, amongst the main consuming countries, was attained by the Czech Republic, while cheese per capita consumption for the other global leaders experienced more modest paces of growth.

Market Forecast 2019-2025

Driven by increasing demand for cheese worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.8% for the period from 2019 to 2030, which is projected to bring the market volume to 31M tonnes by the end of 2030.

Production

In 2019, the amount of cheese produced worldwide rose slightly to 26M tonnes, picking up by 2.6% on the year before. The total output volume increased at an average annual rate of +2.6% from 2013 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years.

Production by Country

The countries with the highest volumes of cheese production in 2019 were the U.S. (6.3M tonnes), Germany (3.5M tonnes) and France (1.9M tonnes), with a combined 46% share of global production. These countries were followed by Italy, Poland, the Netherlands, Argentina, Russia, the Czech Republic, Egypt, the UK and Canada, which together accounted for a further 26%.

From 2013 to 2019, the most notable rate of growth in terms of cheese production, amongst the key producing countries, was attained by the Czech Republic, while cheese production for the other global leaders experienced more modest paces of growth.

Imports

In 2019, approx. 7.1M tonnes of cheese were imported worldwide; rising by 3.5% against 2018. The total import volume increased at an average annual rate of +2.7% over the period from 2013 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 4.2% against the previous year. Over the period under review, global imports attained the peak figure in 2019 and are expected to retain growth in the near future. In value terms, cheese imports rose to $32.3B (IndexBox estimates) in 2019.

Imports by Country

In 2019, Germany (778K tonnes), Italy (536K tonnes), the UK (495K tonnes), the Netherlands (390K tonnes), France (377K tonnes), Belgium (341K tonnes), Spain (310K tonnes), Japan (303K tonnes) and Russia (284K tonnes) represented the major importer of cheese in the world, mixing up 54% of total import. The U.S. (180K tonnes), Saudi Arabia (148K tonnes) and Greece (135K tonnes) took a relatively small share of total imports.

From 2013 to 2019, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Netherlands, while imports for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($4.2B) constitutes the largest market for imported cheese worldwide, comprising 13% of global imports. The second position in the ranking was occupied by the UK ($2.1B), with a 6.5% share of global imports. It was followed by Italy, with a 6.3% share.

Import Prices by Country

The average cheese import price stood at $4,532 per tonne in 2019, falling by -1.6% against the previous year. Over the period under review, the import price showed a noticeable descent. The most prominent rate of growth was recorded in 2017 when the average import price increased by 11% year-to-year. Over the period under review, average import prices attained the peak figure at $5,303 per tonne in 2014; however, from 2015 to 2019, import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($7,560 per tonne), while Saudi Arabia ($3,362 per tonne) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by Japan, while the other global leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform

cheese

Cheese and Curd Market in the Middle East – Saudi Arabia Continues to Be the Largest and Fastest Growing Market

IndexBox has just published a new report: ‘Middle East – Cheese and Сurd – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

The revenue of the cheese and curd market in the Middle East amounted to $5.5B in 2018, growing by 5.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price).

The market value increased at an average annual rate of +1.1% from 2013 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2014 with an increase of 8.3% against the previous year. In that year, the cheese and curd market attained its peak level of $5.6B. From 2015 to 2018, the growth of the cheese and curd market remained at a lower figure.

Consumption By Country

The countries with the highest volumes of cheese and curd consumption in 2018 were Saudi Arabia (377K tonnes), Iran (237K tonnes) and Turkey (202K tonnes), with a combined 57% share of total consumption.

From 2013 to 2018, the most notable rate of growth in terms of cheese and curd consumption, amongst the main consuming countries, was attained by Saudi Arabia, while cheese and curd consumption for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($1.6B), Israel ($826M) and Turkey ($674M) appeared to be the countries with the highest levels of market value in 2018, with a combined 56% share of the total market.

The countries with the highest levels of cheese and curd per capita consumption in 2018 were Israel (17 kg per person), Lebanon (13 kg per person) and Saudi Arabia (11 kg per person).

Market Forecast to 2030

Driven by increasing demand for cheese and curd in the Middle East, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.9% for the period from 2018 to 2030, which is projected to bring the market volume to 1.8M tonnes by the end of 2030.

Production in the Middle East

The cheese and curd production stood at 1.1M tonnes in 2018, surging by 4.1% against the previous year. The total output volume increased at an average annual rate of +2.5% over the period from 2013 to 2018.

Production By Country

The countries with the highest volumes of cheese and curd production in 2018 were Turkey (244K tonnes), Iran (238K tonnes) and Saudi Arabia (237K tonnes), together accounting for 68% of total production.

From 2013 to 2018, the most notable rate of growth in terms of cheese and curd production, amongst the main producing countries, was attained by Saudi Arabia, while cheese and curd production for the other leaders experienced more modest paces of growth.

Imports in the Middle East

In 2018, the amount of cheese and curd imported in the Middle East amounted to 510K tonnes, surging by 33% against the previous year. The total import volume increased at an average annual rate of +1.7% over the period from 2013 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, cheese and curd imports reached their peak figure at 520K tonnes in 2014; however, from 2015 to 2018, imports stood at a somewhat lower figure.

In value terms, cheese and curd imports totaled $2.1B (IndexBox estimates) in 2018.

Imports by Country

Saudi Arabia was the key importer of cheese and curd imported in the Middle East, with the volume of imports resulting at 172K tonnes, which was near 34% of total imports in 2018. Iraq (54K tonnes) occupied an 11% share (based on tonnes) of total imports, which put it in second place, followed by the United Arab Emirates (8.8%), Lebanon (8.3%), Yemen (7.8%), Kuwait (7.5%) and Jordan (6.4%).

From 2013 to 2018, average annual rates of growth with regard to cheese and curd imports into Saudi Arabia stood at +5.1%. At the same time, Jordan (+7.1%), Yemen (+5.6%) and Iraq (+2.5%) displayed positive paces of growth. Moreover, Jordan emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +7.1% from 2013-2018. The United Arab Emirates experienced a relatively flat trend pattern. By contrast, Lebanon (-2.0%) and Kuwait (-13.5%) illustrated a downward trend over the same period. While the share of Saudi Arabia (+7.5 p.p.), Jordan (+1.9 p.p.) and Yemen (+1.9 p.p.) increased significantly in terms of the total imports from 2013-2018, the share of Kuwait (-7.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($626M) constitutes the largest market for imported cheese and curd in the Middle East, comprising 30% of total cheese and curd imports. The second position in the ranking was occupied by the United Arab Emirates ($214M), with a 10% share of total imports. It was followed by Iraq, with a 9.9% share.

From 2013 to 2018, the average annual growth rate of value in Saudi Arabia was relatively modest. In the other countries, the average annual rates were as follows: the United Arab Emirates (-3.2% per year) and Iraq (-0.3% per year).

Import Prices by Country

The cheese and curd import price in the Middle East stood at $4,094 per tonne in 2018, shrinking by -3.1% against the previous year. Over the period under review, the cheese and curd import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 4.3% against the previous year. The level of import price peaked at $4,323 per tonne in 2014; however, from 2015 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Kuwait ($4,929 per tonne), while Yemen ($3,083 per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by Kuwait, while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform

cheese

European Fresh Cheese Market – Italy’s Output Doubled Over the Last Five Years

IndexBox has just published a new report: ‘EU – Fresh Cheese – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

The revenue of the fresh cheese market in the European Union amounted to $12.6B in 2018, remaining stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). Overall, fresh cheese consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 15% against the previous year. Over the period under review, the fresh cheese market attained its maximum level at $14B in 2008; however, from 2009 to 2018, consumption remained at a lower figure.

Consumption By Country in the EU

The countries with the highest volumes of fresh cheese consumption in 2018 were Italy (967K tonnes), France (585K tonnes) and Germany (548K tonnes), together accounting for 52% of total consumption. These countries were followed by the UK, Poland, Spain, Belgium, the Netherlands, the Czech Republic and Sweden, which together accounted for a further 37%.

From 2007 to 2018, the most notable rate of growth in terms of fresh cheese consumption, amongst the main consuming countries, was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

In value terms, Italy ($3.8B) led the market, alone. The second position in the ranking was occupied by the UK ($1.7B). It was followed by France.

The countries with the highest levels of fresh cheese per capita consumption in 2018 were Italy (16,290 kg per 1000 persons), Belgium (13,307 kg per 1000 persons) and Poland (10,450 kg per 1000 persons).

From 2007 to 2018, the most notable rate of growth in terms of fresh cheese per capita consumption, amongst the main consuming countries, was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

Market Forecast 2019-2025 in the EU

Driven by increasing demand for fresh cheese in the European Union, the market is expected to continue an upward consumption trend over the next seven-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +0.7% for the seven-year period from 2018 to 2025, which is projected to bring the market volume to 4.3M tonnes by the end of 2025.

Production in the EU

In 2018, approx. 4.4M tonnes of fresh cheese were produced in the European Union; going up by 1.6% against the previous year. The total output volume increased at an average annual rate of +2.1% over the period from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when production volume increased by 11% y-o-y. Over the period under review, fresh cheese production attained its peak figure volume in 2018 and is likely to see steady growth in the immediate term.

In value terms, fresh cheese production amounted to $11.2B in 2018 estimated in export prices. Over the period under review, fresh cheese production continues to indicate a mild shrinkage. The pace of growth was the most pronounced in 2014 with an increase of 15% y-o-y. Over the period under review, fresh cheese production attained its peak figure level at $14.3B in 2008; however, from 2009 to 2018, production remained at a lower figure.

Production By Country in the EU

The countries with the highest volumes of fresh cheese production in 2018 were Germany (928K tonnes), Italy (927K tonnes) and France (688K tonnes), with a combined 58% share of total production. Poland, the UK, Denmark, Belgium, Spain and Lithuania lagged somewhat behind, together accounting for a further 32%.

From 2007 to 2018, the most notable rate of growth in terms of fresh cheese production, amongst the main producing countries, was attained by Belgium, while the other leaders experienced more modest paces of growth.

Exports in the EU

In 2018, the fresh cheese exports in the European Union totaled 1.6M tonnes, growing by 2.1% against the previous year. The total exports indicated resilient growth from 2007 to 2018: its volume increased at an average annual rate of +6.1% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, fresh cheese exports increased by +91.0% against 2007 indices. The most prominent rate of growth was recorded in 2011 with an increase of 11% against the previous year. Over the period under review, fresh cheese exports attained their maximum in 2018 and are expected to retain its growth in the immediate term.

In value terms, fresh cheese exports amounted to $5.6B (IndexBox estimates) in 2018. The total exports indicated remarkable growth from 2007 to 2018: its value increased at an average annual rate of +6.1% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, fresh cheese exports increased by +30.3% against 2015 indices. The most prominent rate of growth was recorded in 2011 when exports increased by 23% y-o-y. Over the period under review, fresh cheese exports reached their peak figure in 2018 and are likely to see steady growth in the immediate term.

Exports by Country

Germany was the largest exporting country with an export of about 516K tonnes, which resulted at 32% of total exports. It was distantly followed by France (221K tonnes), Denmark (183K tonnes), Italy (181K tonnes), Poland (96K tonnes) and Belgium (86K tonnes), together achieving a 48% share of total exports. The UK (67K tonnes) followed a long way behind the leaders.

Exports from Germany increased at an average annual rate of +5.5% from 2007 to 2018. At the same time, Belgium (+15.3%), Poland (+7.9%), Italy (+6.9%), Denmark (+6.4%), the UK (+5.9%) and France (+2.2%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter in the European Union, with a CAGR of +15.3% from 2007-2018. From 2007 to 2018, the share of Germany, Italy, Denmark, Belgium, Poland, France and the UK increased by +14%, +5.9%, +5.7%, +4.3%, +3.4%, +3% and +2% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest fresh cheese markets in the European Union were Germany ($1.6B), Italy ($964M) and Denmark ($638M), with a combined 58% share of total exports. France, Belgium, Poland and the UK lagged somewhat behind, together comprising a further 25%.

In terms of the main exporting countries, Belgium experienced the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The fresh cheese export price in the European Union stood at $3,504 per tonne in 2018, picking up by 2.4% against the previous year. In general, the fresh cheese export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 an increase of 18% y-o-y. In that year, the export prices for fresh cheese reached their peak level of $4,179 per tonne. From 2009 to 2018, the growth in terms of the export prices for fresh cheese failed to regain its momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Italy ($5,330 per tonne), while France ($2,660 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Poland, while the other leaders experienced mixed trends in the export price figures.

Imports in the EU

In 2018, the amount of fresh cheese imported in the European Union stood at 1.3M tonnes, increasing by 5.4% against the previous year. The total imports indicated remarkable growth from 2007 to 2018: its volume increased at an average annual rate of +5.3% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, fresh cheese imports increased by +76.1% against 2007 indices. The growth pace was the most rapid in 2011 with an increase of 10% against the previous year. The volume of imports peaked in 2018 and are likely to see steady growth in the immediate term.

In value terms, fresh cheese imports amounted to $4.4B (IndexBox estimates) in 2018. The total imports indicated a strong increase from 2007 to 2018: its value increased at an average annual rate of +5.3% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, fresh cheese imports increased by +29.3% against 2016 indices. The pace of growth appeared the most rapid in 2011 with an increase of 21% year-to-year. The level of imports peaked in 2018 and are likely to see steady growth in the near future.

Imports by Country

The countries with the highest levels of fresh cheese imports in 2018 were Italy (221K tonnes), the UK (189K tonnes), Germany (137K tonnes), the Netherlands (127K tonnes), France (118K tonnes), Spain (95K tonnes) and Belgium (77K tonnes), together resulting at 74% of total import. Austria (39K tonnes), Poland (33K tonnes), Romania (33K tonnes), the Czech Republic (26K tonnes) and Ireland (25K tonnes) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Ireland, while the other leaders experienced more modest paces of growth.

In value terms, the largest fresh cheese importing markets in the European Union were Italy ($778M), the UK ($573M) and Germany ($507M), with a combined 42% share of total imports. France, the Netherlands, Spain, Belgium, Austria, Poland, Romania, Ireland and the Czech Republic lagged somewhat behind, together comprising a further 44%.

In terms of the main importing countries, Poland experienced the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the fresh cheese import price in the European Union amounted to $3,409 per tonne, rising by 3.7% against the previous year. Overall, the fresh cheese import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 an increase of 17% against the previous year. In that year, the import prices for fresh cheese attained their peak level of $3,996 per tonne. From 2009 to 2018, the growth in terms of the import prices for fresh cheese failed to regain its momentum.

Average prices varied somewhat amongst the major importing countries. In 2018, major importing countries recorded the following prices: in France ($3,885 per tonne) and Austria ($3,750 per tonne), while the Netherlands ($2,750 per tonne) and the UK ($3,029 per tonne) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Poland, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Global Cheese Market 2019 – Germany Emerges As the Largest Exporter

IndexBox has just published a new report: ‘World – Cheese – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

The global cheese market revenue amounted to $111.7B in 2018, going up by 3.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price).

The market value increased at an average annual rate of +2.2% from 2008 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2010, when the market value increased by 19% y-o-y. Global cheese consumption peaked at $117B in 2013; however, from 2014 to 2018, consumption failed to regain its momentum.

Production 2007-2018

In 2018, approx. 24M tonnes of cheese were produced worldwide; growing by 2.5% against the previous year. The total output volume increased at an average annual rate of +2.1% over the period from 2008 to 2018; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years.

Exports 2007-2018

In 2018, the global exports of cheese totaled 6.7M tonnes, going up by 2.8% against the previous year. The total export volume increased at an average annual rate of +1.6% from 2008 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations over the period under review. The growth pace was the most rapid in 2014, when the exports increased by 13% y-o-y. Global exports peaked in 2018, and are expected to retain its growth in the near future.

In value terms, cheese exports totaled $30.9B (IndexBox estimates) in 2018. The total export value increased at an average annual rate of +1.4% over the period from 2008 to 2018; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2011, with an increase of 16% against the previous year. Over the period under review, global cheese exports reached their peak figure at $33.1B in 2014; however, from 2015 to 2018, exports failed to regain their momentum.

Exports by Country

In 2018, Germany (1.3M tonnes), distantly followed by the Netherlands (780K tonnes), France (689K tonnes), Italy (416K tonnes), Denmark (340K tonnes), the U.S. (325K tonnes) and Poland (325K tonnes) were the major exporters of cheese, together mixing up 61% of total exports. New Zealand (295K tonnes), Belgium (272K tonnes), Ireland (219K tonnes), Belarus (196K tonnes) and the UK (194K tonnes) took a little share of total exports.

From 2008 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the U.S., while the other global leaders experienced more modest paces of growth.

In value terms, Germany ($4.6B), France ($3.7B) and the Netherlands ($3.6B) appeared to be the countries with the highest levels of exports in 2018, with a combined 38% share of global exports. Italy, Denmark, the U.S., New Zealand, Belgium, Ireland, Poland, the UK and Belarus lagged somewhat behind, together comprising a further 40%.

Export Prices by Country

In 2018, the average cheese export price amounted to $4,591 per tonne, approximately reflecting the previous year. In general, the cheese export price, however, continues to indicate a relatively flat trend pattern.

Export prices varied noticeably by the country of origin; the country with the highest export price was Italy ($7,856 per tonne), while Poland ($2,864 per tonne) was amongst the lowest.

From 2008 to 2018, the most notable rate of growth in terms of export prices was attained by Italy, while the other global leaders experienced more modest paces of growth.

Imports 2007-2018

In 2018, the global imports of cheese totaled 7M tonnes, going up by 5.7% against the previous year. The total import volume increased at an average annual rate of +2.8% over the period from 2008 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded over the period under review.

In value terms, cheese imports amounted to $32B (IndexBox estimates) in 2018.

Imports by Country

In 2018, Germany (821K tonnes), followed by the UK (535K tonnes), Italy (480K tonnes), France (371K tonnes), the Netherlands (370K tonnes) and Belgium (315K tonnes) represented the key importers of cheese, together making up 41% of total imports. Japan (293K tonnes), Spain (287K tonnes), the U.S. (261K tonnes), Russia (247K tonnes), Saudi Arabia (152K tonnes) and Mexico (124K tonnes) held a minor share of total imports.

From 2008 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by the Netherlands, while the other global leaders experienced more modest paces of growth.

In value terms, Germany ($4.4B), the UK ($2.2B) and Italy ($2B) appeared to be the countries with the highest levels of imports in 2018, together accounting for 27% of global imports. France, Belgium, the Netherlands, the U.S., Japan, Spain, Russia, Saudi Arabia and Mexico lagged somewhat behind, together accounting for a further 34%.

Import Prices by Country

The average cheese import price stood at $4,581 per tonne in 2018, standing approx. at the previous year. In general, the cheese import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017, an increase of 10% y-o-y. Over the period under review, the average import prices for cheese attained their maximum at $5,237 per tonne in 2014; however, from 2015 to 2018, import prices remained at a lower figure.

Average import prices varied somewhat amongst the major importing countries. In 2018, major importing countries recorded the following import prices: in Germany ($5,395 per tonne) and the U.S. ($5,092 per tonne), while the Netherlands ($4,035 per tonne) and Russia ($4,064 per tonne) were amongst the lowest.

From 2008 to 2018, the most notable rate of growth in terms of import prices was attained by Japan, while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox AI Platform