Asia-Pacific: Market for Processed cheese (excluding grated or powdered) 2021

Market Size for Processed cheese (excluding grated or powdered) in Asia-Pacific

In 2020, the Asia-Pacific market for processed cheese (excluding grated or powdered) increased by X% to $X, rising for the second year in a row after three years of decline. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when the market value increased by X% year-to-year. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2020, consumption failed to regain the momentum.

Production of Processed cheese (excluding grated or powdered) in Asia-Pacific

In value terms, production of processed cheese (excluding grated or powdered) amounted to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. The level of production peaked at $X in 2015; however, from 2016 to 2020, production remained at a lower figure.

Production By Country in Asia-Pacific

China (X tons) constituted the country with the largest volume of production of processed cheese (excluding grated or powdered), accounting for X% of total volume. Moreover, production of processed cheese (excluding grated or powdered) in China exceeded the figures recorded by the second-largest producer, India (X tons), threefold. Pakistan (X tons) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume in China amounted to +X%. In the other countries, the average annual rates were as follows: India (+X% per year) and Pakistan (+X% per year).

Exports of Processed cheese (excluding grated or powdered)

Exports in Asia-Pacific

For the third year in a row, Asia-Pacific recorded growth in shipments abroad of processed cheese (excluding grated or powdered), which increased by X% to X tons in 2020. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, exports reached the maximum at X tons in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, exports of processed cheese (excluding grated or powdered) rose modestly to $X in 2020. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2010 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at $X in 2016; however, from 2017 to 2020, exports remained at a lower figure.

Exports by Country

New Zealand was the main exporter of processed cheese (excluding grated or powdered) in Asia-Pacific, with the volume of exports reaching X tons, which was near X% of total exports in 2020. It was distantly followed by Australia (X tons), making up a X% share of total exports. India (X tons) followed a long way behind the leaders.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by India, while exports for the other leaders experienced mixed trends in the exports figures.

In value terms, New Zealand ($X), Australia ($X) and India ($X) appeared to be the countries with the highest levels of exports in 2020, together comprising X% of total exports.

India saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2020, the export price for processed cheese (excluding grated or powdered) in Asia-Pacific amounted to $X per ton, standing approx. at the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2010 when the export price increased by X% year-to-year. The level of export peaked at $X per ton in 2011; however, from 2012 to 2020, export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2020, the country with the highest price was India ($X per ton), while New Zealand ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced more modest paces of growth.

Imports of Processed cheese (excluding grated or powdered)

Imports in Asia-Pacific

In 2020, the amount of processed cheese (excluding grated or powdered) imported in Asia-Pacific contracted notably to X tons, falling by -X% on the year before. Total imports indicated a notable expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2020, imports remained at a lower figure.

In value terms, imports of processed cheese (excluding grated or powdered) declined remarkably to $X in 2020. Total imports indicated a temperate expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2017 indices. The growth pace was the most rapid in 2010 when imports increased by X% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, China (X tons), distantly followed by Taiwan (Chinese) (X tons), South Korea (X tons), Japan (X tons), Australia (X tons), Malaysia (X tons), Hong Kong SAR (X tons) and Indonesia (X tons) were the largest importers of processed cheese (excluding grated or powdered), together comprising X% of total imports.

China was also the fastest-growing in terms of the processed cheese (excluding grated or powdered) imports, with a CAGR of +X% from 2007 to 2020. At the same time, South Korea (+X%), Malaysia (+X%), Australia (+X%) and Taiwan (Chinese) (+X%) displayed positive paces of growth. Hong Kong SAR and Indonesia experienced a relatively flat trend pattern. By contrast, Japan (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.) and South Korea (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of Indonesia (-X p.p.), Hong Kong SAR (-X p.p.) and Japan (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported processed cheese (excluding grated or powdered) in Asia-Pacific, comprising X% of total imports. The second position in the ranking was occupied by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

In China, imports of processed cheese (excluding grated or powdered) increased at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+X% per year) and Japan (-X% per year).

Import Prices by Country

In 2020, the import price for processed cheese (excluding grated or powdered) in Asia-Pacific amounted to $X per ton, which is down by -X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 an increase of X% y-o-y. The level of import peaked at $X per ton in 2014; however, from 2015 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Hong Kong SAR ($X per ton), while Australia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Indonesia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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