U.S. - Cheese And Curd - Market Analysis, Forecast, Size, Trends And Insights
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View PricingU.S. Cheese and Curd Export Reduces Modestly to $191M in April 2023
U.S. Cheese And Curd Exports
Cheese and curd exports from the United States dropped to 37K tons in April 2023, waning by -12% on the previous month's figure. In general, exports saw a mild setback. The pace of growth was the most pronounced in March 2023 when exports increased by 26% month-to-month.
In value terms, cheese and curd exports shrank to $191M (IndexBox estimates) in April 2023. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when exports increased by 23% month-to-month.
| COUNTRY | Export Value of Cheese And Curd in U.S. (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | |
| Mexico | 50.5 | 48.2 | 61.9 | 60.5 | 61.2 | 52.4 | 46.7 | 54.1 | 58.0 | 46.8 | 52.4 | 73.1 | 58.7 |
| Japan | 23.6 | 25.1 | 20.1 | 15.1 | 16.3 | 18.8 | 23.4 | 20.6 | 20.7 | 20.4 | 16.6 | 17.3 | 20.3 |
| South Korea | 34.6 | 36.3 | 35.0 | 27.0 | 39.4 | 34.4 | 30.5 | 25.0 | 28.1 | 24.5 | 25.5 | 15.6 | 18.7 |
| Australia | 9.9 | 9.1 | 9.8 | 9.9 | 5.6 | 10.1 | 12.4 | 15.3 | 12.4 | 14.0 | 9.8 | 19.7 | 14.6 |
| Guatemala | 4.4 | 6.4 | 6.8 | 5.3 | 5.1 | 6.8 | 5.9 | 7.2 | 5.5 | 7.0 | 6.1 | 6.6 | 9.0 |
| Canada | 8.1 | 7.1 | 9.7 | 9.3 | 11.8 | 11.4 | 10.5 | 12.3 | 12.1 | 6.4 | 8.1 | 9.7 | 8.6 |
| China | 2.0 | 1.9 | 1.6 | 1.6 | 2.0 | 2.8 | 3.4 | 1.8 | 2.0 | 1.4 | 5.8 | 6.4 | 7.5 |
| Chile | 4.4 | 4.7 | 5.7 | 5.0 | 8.5 | 5.2 | 5.7 | 4.4 | 3.7 | 3.2 | 4.4 | 4.8 | 6.9 |
| Dominican Republic | 5.9 | 5.6 | 5.6 | 5.1 | 5.2 | 5.3 | 6.0 | 5.4 | 3.6 | 5.9 | 3.9 | 5.9 | 4.7 |
| Panama | 7.8 | 10.0 | 12.7 | 4.8 | 5.7 | 5.2 | 5.9 | 4.6 | 4.2 | 4.8 | 5.0 | 9.0 | 4.5 |
| Taiwan (Chinese) | 3.8 | 4.6 | 4.0 | 3.1 | 3.3 | 4.9 | 2.4 | 2.4 | 1.8 | 3.5 | 2.3 | 3.5 | 3.9 |
| United Arab Emirates | 2.7 | 2.4 | 4.5 | 2.8 | 2.6 | 3.3 | 2.3 | 4.9 | 1.9 | 2.3 | 2.3 | 1.7 | 3.0 |
| Indonesia | 4.2 | 3.9 | 3.3 | 4.7 | 3.9 | 1.2 | 4.6 | 2.9 | 1.8 | 2.9 | 2.9 | 3.2 | 1.0 |
| Others | 37.3 | 40.7 | 46.8 | 41.8 | 33.9 | 28.7 | 38.1 | 35.1 | 37.9 | 35.3 | 32.3 | 42.0 | 29.5 |
| Total | 199 | 206 | 228 | 196 | 204 | 191 | 198 | 196 | 194 | 178 | 177 | 219 | 191 |
Exports by Country
Mexico (11K tons) was the main destination for cheese and curd exports from the United States, accounting for a 31% share of total exports. Moreover, cheese and curd exports to Mexico exceeded the volume sent to the second major destination, Japan (3.9K tons), threefold. The third position in this ranking was taken by South Korea (3.6K tons), with a 9.8% share.
From April 2022 to April 2023, the average monthly growth rate of volume to Mexico was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Japan (-2.4% per month) and South Korea (-6.4% per month).
In value terms, Mexico ($59M) remains the key foreign market for cheese and curd exports from the United States, comprising 31% of total exports. The second position in the ranking was taken by Japan ($20M), with an 11% share of total exports. It was followed by South Korea, with a 9.8% share.
From April 2022 to April 2023, the average monthly growth rate of value to Mexico totaled +1.3%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Japan (-1.2% per month) and South Korea (-5.0% per month).
Exports by Type
Cheese, other than blue-veined, grated, powdered or processed (14K tons), cheese of all kinds, grated or powdered (12K tons) and fresh cheese (unripened or uncured cheese), including whey cheese and curd (8.8K tons) were the main products of cheese and curd exports from the United States, together accounting for 94% of total exports.
From April 2022 to April 2023, the most notable rate of growth in terms of shipments, amongst the major product types, was attained by cheese of all kinds, grated or powdered (with a CAGR of +2.5%), while the other products experienced mixed trend patterns.
In value terms, the most traded types of cheese and curd in the United States were cheese, other than blue-veined, grated, powdered or processed ($74M), cheese of all kinds, grated or powdered ($59M) and fresh cheese (unripened or uncured cheese), including whey cheese and curd ($46M), together comprising 94% of total exports.
Among the main product categories, cheese of all kinds, grated or powdered, with a CAGR of +2.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other products experienced mixed trend patterns.
Export Prices by Country
In April 2023, the cheese and curd price amounted to $5,208 per ton (FOB, US), approximately equating the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in May 2022 when the average export price increased by 5.8% against the previous month. The export price peaked at $5,370 per ton in February 2023; however, from March 2023 to April 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In April 2023, the highest price was recorded for prices to Taiwan (Chinese) ($6,115 per ton) and China ($5,794 per ton), while the average price for exports to the United Arab Emirates ($4,229 per ton) and Australia ($4,472 per ton) were amongst the lowest.
From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the cheese and curd market in the U.S.. 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 States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
