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China - Cheese And Curd - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

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

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Apr 12, 2023

China Cheese and Curd Import Modestly Declines to $71M in Feb 2023

China Cheese And Curd Imports

In February 2023, supplies from abroad of cheese and curd decreased by -4.6% to 13K tons for the first time since October 2022, thus ending a three-month rising trend. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in May 2022 when imports increased by 53% against the previous month. As a result, imports attained the peak of 17K tons. From June 2022 to February 2023, the growth of imports remained at a lower figure.

In value terms, cheese and curd imports declined to $71M (IndexBox estimates) in February 2023. In general, total imports indicated a mild expansion from February 2022 to February 2023: its value increased at an average monthly rate of +1.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2023 figures, imports increased by +31.7% against October 2022 indices. The most prominent rate of growth was recorded in May 2022 with an increase of 52% against the previous month. As a result, imports reached the peak of $87M. From June 2022 to February 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In February 2023, New Zealand (9.2K tons) constituted the largest supplier of cheese and curd to China, with a 73% share of total imports. Moreover, cheese and curd imports from New Zealand exceeded the figures recorded by the second-largest supplier, Australia (1.1K tons), ninefold. France (476 tons) ranked third in terms of total imports with a 3.8% share.

From February 2022 to February 2023, the average monthly growth rate of volume from New Zealand totaled +1.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: Australia (-4.1% per month) and France (+11.2% per month).

In value terms, New Zealand ($48M) constituted the largest supplier of cheese and curd to China, comprising 69% of total imports. The second position in the ranking was held by Australia ($5.1M), with a 7.2% share of total imports. It was followed by Italy, with a 4.7% share.

From February 2022 to February 2023, the average monthly growth rate of value from New Zealand totaled +2.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: Australia (-3.2% per month) and Italy (+1.4% per month).

Imports by Type

Fresh cheese (unripened or uncured cheese), including whey cheese and curd (4.2K tons), cheese of all kinds, grated or powdered (4K tons) and cheese, other than blue-veined, grated, powdered or processed (3.1K tons) were the main products of cheese and curd imports to China, together accounting for 90% of total imports.

From February 2022 to February 2023, the biggest increases were in cheese of all kinds, grated or powdered (with a CAGR of +3.5%), while purchases for the other products experienced mixed trend patterns.

In value terms, the most traded types of cheese and curd in China were cheese of all kinds, grated or powdered ($22M), fresh cheese (unripened or uncured cheese), including whey cheese and curd ($22M) and cheese, other than blue-veined, grated, powdered or processed ($18M), together comprising 88% of total imports.

Import Prices by Country

In February 2023, the cheese and curd price stood at $5,647 per ton (CIF, China), remaining constant against the previous month. Over the period from February 2022 to February 2023, it increased at an average monthly rate of +1.1%. The pace of growth appeared the most rapid in September 2022 when the average import price increased by 6.8% month-to-month. The import price peaked at $5,682 per ton in December 2022; however, from January 2023 to February 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Denmark ($8,326 per ton), while the price for Australia ($4,767 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Denmark (+3.0%), while the prices for the other major suppliers 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 China. 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:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in China
  • 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 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    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 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    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, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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