United Kingdom: Cheese And Curd Market 2024

Cheese And Curd Market Size in the UK

For the third year in a row, the UK cheese and curd market recorded growth in sales value, which increased by 5.6% to $X in 2022. The market value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 9.4%. Over the period under review, the market attained the peak level in 2022 and is likely to continue growth in years to come.

Cheese And Curd Production in the UK

In value terms, cheese and curd production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 20%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Cheese And Curd Exports

Exports from the UK

After two years of decline, shipments abroad of cheese and curd increased by 16% to X tons in 2022. Overall, total exports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -15.5% against 2019 indices. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, cheese and curd exports surged to $X in 2022. The total export value increased at an average annual rate of +4.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X tons), France (X tons) and Ireland (X tons) were the main destinations of cheese and curd exports from the UK, with a combined 34% share of total exports. The Netherlands, Denmark, the United States, Germany, Spain, Saudi Arabia, Canada, Australia, Italy and Sweden lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +18.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cheese and curd exported from the UK were France ($X), Belgium ($X) and Ireland ($X), together accounting for 31% of total exports. The United States, the Netherlands, Denmark, Germany, Canada, Spain, Australia, Saudi Arabia, Italy and Sweden lagged somewhat behind, together accounting for a further 32%.

Australia, with a CAGR of +17.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cheese and curd export price amounted to $X per ton, picking up by 7.8% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Cheese And Curd Imports

Imports into the UK

In 2022, after two years of decline, there was growth in overseas purchases of cheese and curd, when their volume increased by 1.3% to X tons. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 10%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, cheese and curd imports reached $X in 2022. The total import value increased at an average annual rate of +1.0% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 13%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Ireland (X tons), France (X tons) and Germany (X tons) were the main suppliers of cheese and curd imports to the UK, with a combined 44% share of total imports. Denmark, Italy, the Netherlands, Cyprus and Belgium lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2022, the biggest increases were recorded for Cyprus (with a CAGR of +22.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), France ($X) and Ireland ($X) were the largest cheese and curd suppliers to the UK, with a combined 44% share of total imports. Germany, Denmark, the Netherlands, Cyprus and Belgium lagged somewhat behind, together accounting for a further 39%.

Cyprus, with a CAGR of +20.1%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average cheese and curd import price amounted to $X per ton, growing by 9.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2021 an increase of 13%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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