United Kingdom - Cheese - Market Analysis, Forecast, Size, Trends and Insights
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View PricingUK Sees $216M Surge in Cheese Imports in November 2023
United Kingdom Cheese Imports
In November 2023, cheese imports into the UK reduced modestly to 37K tons, remaining relatively unchanged against October 2023. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 when imports increased by 28% m-o-m.
In value terms, cheese imports rose notably to $216M (IndexBox estimates) in November 2023. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 when imports increased by 20% m-o-m.
| COUNTRY | Import Value of Cheese in United Kingdom (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | |
| France | 35.6 | 38.0 | 28.1 | 23.1 | 28.3 | 24.5 | 22.7 | 27.1 | 26.4 | 24.6 | 24.1 | 27.2 | 39.3 |
| Ireland | 27.0 | 25.6 | 80.5 | 18.6 | 20.9 | 24.5 | 33.6 | 31.8 | 25.8 | 38.3 | 29.7 | 28.4 | 28.4 |
| Italy | 34.7 | 31.7 | 33.1 | 29.6 | 34.7 | 31.7 | 41.3 | 35.8 | 36.1 | 34.5 | 34.0 | 35.6 | 25.5 |
| Germany | 21.6 | 18.1 | 18.5 | 17.6 | 23.1 | 18.1 | 20.9 | 22.9 | 19.4 | 17.5 | 18.3 | 18.5 | 19.8 |
| Denmark | 19.9 | 22.0 | 22.4 | 21.1 | 26.0 | 21.0 | 23.1 | 21.1 | 21.8 | 18.6 | 19.0 | 20.6 | 18.8 |
| Netherlands | 17.3 | 17.9 | 14.2 | 12.6 | 14.8 | 13.3 | 11.5 | 14.6 | 11.8 | 14.2 | 14.0 | 12.9 | 13.5 |
| Belgium | 9.8 | 10.7 | 9.1 | 8.8 | 10.1 | 8.8 | 9.6 | 10.9 | 9.1 | 6.8 | 11.0 | 9.0 | 9.6 |
| Others | 37.2 | 44.3 | 37.5 | 39.1 | 47.3 | 47.4 | 61.3 | 54.3 | 56.9 | 48.5 | 42.1 | 45.3 | 61.1 |
| Total | 203 | 208 | 244 | 171 | 205 | 189 | 224 | 219 | 207 | 203 | 192 | 197 | 216 |
Imports by Country
Ireland (7K tons), France (5.4K tons) and Denmark (5.1K tons) were the main suppliers of cheese imports to the UK, with a combined 47% share of total imports.
From November 2022 to November 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of +2.3%), while imports for the other leaders experienced mixed trend patterns.
In value terms, France ($39M), Ireland ($28M) and Italy ($25M) constituted the largest cheese suppliers to the UK, together comprising 43% of total imports.
France, with a CAGR of +0.8%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.
Imports by Type
Cheese, other than blue-veined, grated, powdered or processed (16K tons), unripened or uncured cheese (15K tons) and processed cheese (excluding grated or powdered) (3.9K tons) were the main products of cheese imports to the UK, with a combined 95% share of total imports.
From November 2022 to November 2023, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by processed cheese (excluding grated or powdered) (with a CAGR of +1.7%), while imports for the other products experienced more modest paces of growth.
In value terms, cheese, other than blue-veined, grated, powdered or processed ($113M), unripened or uncured cheese ($61M) and processed cheese (excluding grated or powdered) ($24M) were the most imported types of cheese in the UK, with a combined 92% share of total imports.
Import Prices by Country
In November 2023, the cheese price amounted to $5,797 per ton (CIF, United Kingdom), rising by 9.7% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 an increase of 39% month-to-month. As a result, import price reached the peak level of $6,460 per ton. From March 2023 to November 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Italy ($8,734 per ton), while the price for Denmark ($3,652 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by France (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the cheese market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
