Report Update: Nov 1, 2024

U.S. - Cheese - Market Analysis, Forecast, Size, Trends and Insights

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Cheese Prices in the United States

U.S. Cheese Export Price per Ton in August 2022

In August 2022, the cheese price per ton stood at $5.3K (FOB, US), almost unchanged from the previous month. Over the last seven months, it increased at an average monthly rate of +2.2%. The growth pace was the most rapid in May 2022 an increase of 5.6% against the previous month. The export price peaked in August 2022.

Average prices varied somewhat for the major external markets. In August 2022, the highest price was recorded for prices to Canada ($6.2K per ton) and Taiwan (Chinese) ($6.2K per ton), while the average price for exports to Indonesia ($4.4K per ton) and the Philippines ($4.5K per ton) were amongst the lowest.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

U.S. Cheese Export Prices by Type

There were significant differences in the average prices for the major types of exported product. In August 2022, the product with the highest price was cheese, blue-veined (not grated, powdered or processed) ($8.9K per ton), while the average price for exports of processed cheese (excluding grated or powdered) ($5.0K per ton) was amongst the lowest.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was recorded for the following types: cheese, blue-veined (not grated, powdered or processed) (+4.4%), while the prices for the other products experienced more modest paces of growth.

U.S. Cheese Exports

In August 2022, cheese exports from the United States expanded slightly to 39K tons, increasing by 3% on July 2022 figures. The total export volume increased at an average monthly rate of +3.9% over the period from January 2022 to August 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in March 2022 with an increase of 27% month-to-month.

In value terms, cheese exports rose slightly to $204M (IndexBox estimates) in August 2022. The total export value increased at an average monthly rate of +6.1% over the period from January 2022 to August 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in March 2022 with an increase of 28% month-to-month.

U.S. Cheese Exports by Type

Cheese, other than blue-veined, grated, powdered or processed (18K tons), fresh cheese (unripened or uncured cheese), including whey cheese and curd (10K tons) and cheese of all kinds, grated or powdered (7.8K tons) were the main products of cheese exports from the United States, with a combined 93% share of total exports.

From January 2022 to August 2022, the biggest increases were in cheese, other than blue-veined, grated, powdered or processed (with a CAGR of +5.8%), while shipments for the other products experienced more modest paces of growth.

In value terms, the most traded types of cheese in the United States were cheese, other than blue-veined, grated, powdered or processed ($95M), fresh cheese (unripened or uncured cheese), including whey cheese and curd ($54M) and cheese of all kinds, grated or powdered ($42M), with a combined 93% share of total exports.

Cheese, other than blue-veined, grated, powdered or processed, with a CAGR of +8.0%, saw the highest growth rate of the value of exports, among the main product categories over the period under review, while shipments for the other products experienced more modest paces of growth.

U.S. Cheese Exports by Country

Mexico (12K tons), South Korea (7.5K tons) and Japan (3.1K tons) were the main destinations of cheese exports from the United States, with a combined 58% share of total exports. Canada, Chile, Saudi Arabia, Australia, Panama, the Dominican Republic, Indonesia, Guatemala, the Philippines and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 28%.

From January 2022 to August 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +11.5%), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($61M), South Korea ($39M) and Japan ($16M) constituted the largest markets for cheese exported from the United States worldwide, with a combined 57% share of total exports. These countries were followed by Canada, Chile, Saudi Arabia, Panama, Australia, the Dominican Republic, Guatemala, Indonesia, Taiwan (Chinese) and the Philippines, which together accounted for a further 28%.

In terms of the main countries of destination, Chile, with a CAGR of +14.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the cheese 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.

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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
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
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