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Australia - Cheese And Curd - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Feb 1, 2025

Australia - Cheese And Curd - Market Analysis, Forecast, Size, Trends And Insights

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Sep 18, 2024

Australia's Cheese and Curd Exports Drop Significantly to $672M in 2023

Australia Cheese and Curd Exports

In 2023, cheese and curd exports from Australia dropped sharply to 130K tons, waning by -16.1% on 2022 figures. Over the period under review, exports showed a pronounced contraction. The pace of growth was the most pronounced in 2015 with an increase of 13%. The exports peaked at 180K tons in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, cheese and curd exports declined to $672M (IndexBox estimates) in 2023. Overall, exports saw a slight decrease. The pace of growth appeared the most rapid in 2017 with an increase of 15% against the previous year. Over the period under review, the exports reached the maximum at $755M in 2013; however, from 2014 to 2023, the exports remained at a lower figure.Australia Cheese and Curd Exports By Country (Million USD)

COUNTRYExport Value of Cheese and Curd in Australia (million USD)
20132014201520162017201820192020202120222023
Japan360337329267327371313274243282244
China52.569.758.167.984.073.864.870.911187.296.5
Malaysia36.039.032.536.138.035.236.954.554.444.550.2
South Korea26.926.830.029.740.438.433.533.738.345.240.0
Philippines15.916.119.420.324.229.926.127.941.346.033.6
Thailand19.915.212.513.215.820.520.921.318.829.531.5
Singapore35.328.924.324.926.124.824.127.226.930.027.9
Others209171141151150151154130169152149
Total755704647610705745674640703717672

Exports by Country

Japan (50K tons) was the main destination for cheese and curd exports from Australia, accounting for a 39% share of total exports. Moreover, cheese and curd exports to Japan exceeded the volume sent to the second major destination, China (22K tons), twofold. The third position in this ranking was held by Malaysia (8.7K tons), with a 6.7% share.

From 2013 to 2023, the average annual growth rate of volume to Japan amounted to -5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+5.8% per year) and Malaysia (+2.4% per year).

In value terms, Japan ($244M) remains the key foreign market for cheese and curd exports from Australia, comprising 36% of total exports. The second position in the ranking was held by China ($97M), with a 14% share of total exports. It was followed by Malaysia, with a 7.5% share.

From 2013 to 2023, the average annual rate of growth in terms of value to Japan amounted to -3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+6.3% per year) and Malaysia (+3.4% per year).

Exports by Type

Unripened or uncured cheese (78K tons) was the largest type of cheese and curd exported from Australia, with a 60% share of total exports. Moreover, unripened or uncured cheese exceeded the volume of the second product type, cheese, other than blue-veined, grated, powdered or processed (32K tons), twofold. Processed cheese (excluding grated or powdered) (15K tons) ranked third in terms of total exports with an 11% share.

From 2013 to 2023, the average annual rate of growth in terms of the volume of unripened or uncured cheese exports totaled +1.6%. With regard to the other exported products, the following average annual rates of growth were recorded: cheese, other than blue-veined, grated, powdered or processed (-8.7% per year) and processed cheese (excluding grated or powdered) (-2.6% per year).

In value terms, unripened or uncured cheese ($361M), cheese, other than blue-veined, grated, powdered or processed ($183M) and processed cheese (excluding grated or powdered) ($86M) appeared to be the most exported types of cheese and curd from Australia worldwide, together accounting for 94% of total exports. Cheese of all kinds, grated or powdered and cheese, blue-veined (not grated, powdered or processed) lagged somewhat behind, together comprising a further 6.3%.

In terms of the main product categories, cheese of all kinds, grated or powdered, with a CAGR of +3.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other products experienced more modest paces of growth.

Export Prices by Country

In 2023, the cheese and curd price amounted to $5,181 per ton (FOB, Australia), picking up by 12% against the previous year. Over the period from 2013 to 2023, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2017 when the average export price increased by 12%. The export price peaked in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($9,208 per ton), while the average price for exports to China ($4,415 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the cheese and curd market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 901 - Cheese from Whole Cow Milk
  • FCL 904 - Cheese from Skimmed Cow Milk
  • FCL 905 - Whey Cheese
  • FCL 907 - Processed Cheese
  • FCL 955 - Cheese of Buffalo Milk
  • FCL 984 - Cheese of Sheep Milk
  • FCL 1021 - Cheese of Goat Milk

Country coverage:

  • Australia

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Australia
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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