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

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

In 2020, the Asian market for processed cheese (excluding grated or powdered) increased by X% to $X, rising for the second consecutive year 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 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 consumption peaked 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

In value terms, production of processed cheese (excluding grated or powdered) expanded modestly 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 appeared the most rapid 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 stood at a somewhat lower figure.

Production By Country in Asia

China (X tons) constituted the country with the largest volume of production of processed cheese (excluding grated or powdered), comprising approx. 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.

In China, production of processed cheese (excluding grated or powdered) expanded at an average annual rate of +X% over the period from 2007-2020. 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

In 2020, the amount of processed cheese (excluding grated or powdered) exported in Asia totaled X tons, growing by X% compared with 2019 figures. Total exports indicated a moderate increase 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, exports increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2013 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at X tons in 2015; however, from 2016 to 2020, exports failed to regain the momentum.

In value terms, exports of processed cheese (excluding grated or powdered) rose significantly to $X in 2020. Total exports indicated a moderate increase from 2007 to 2020: its value 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, exports increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons), Saudi Arabia (X tons) and Bahrain (X tons) represented roughly X% of total exports of processed cheese (excluding grated or powdered) in 2020. It was distantly followed by the United Arab Emirates (X tons), generating a X% share of total exports. India (X tons) took a minor share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Saudi Arabia, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest processed cheese (excluding grated or powdered) supplying countries in Asia were Bahrain ($X), Saudi Arabia ($X) and Turkey ($X), with a combined X% share of total exports. The United Arab Emirates and India lagged somewhat behind, together accounting for a further X terms of the main exporting countries, the United Arab Emirates saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the export price for processed cheese (excluding grated or powdered) in Asia amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when the export price increased by X% year-to-year. Over the period under review, export prices hit record highs at $X per ton in 2015; however, from 2016 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Bahrain ($X per ton), while Turkey ($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

In 2020, the amount of processed cheese (excluding grated or powdered) imported in Asia fell to X tons, declining by -X% against the year before. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. As a result, imports reached the peak of X tons. From 2019 to 2020, the growth of imports remained at a somewhat lower figure.

In value terms, imports of processed cheese (excluding grated or powdered) fell to $X in 2020. The total import value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Saudi Arabia represented the main importing country with an import of around X tons, which amounted to X% of total imports. Iraq (X tons) took an X% share (based on tons) of total imports, which put it in second place, followed by China (X%), the United Arab Emirates (X%) and Oman (X%). The following importers - Taiwan (Chinese) (X tons), South Korea (X tons), Japan (X tons), Malaysia (X tons), Bahrain (X tons), Jordan (X tons), Hong Kong SAR (X tons) and Kazakhstan (X tons) - together made up X% of total imports.

Saudi Arabia experienced a relatively flat trend pattern with regard to volume of imports of processed cheese (excluding grated or powdered). At the same time, China (+X%), South Korea (+X%), Oman (+X%), Iraq (+X%), Bahrain (+X%), Malaysia (+X%), the United Arab Emirates (+X%) and Taiwan (Chinese) (+X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Asia, with a CAGR of +X% from 2007-2020. Kazakhstan, Jordan and Hong Kong SAR 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.), Iraq (+X p.p.), Oman (+X p.p.) and South Korea (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of Saudi Arabia (-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, Saudi Arabia ($X) constitutes the largest market for imported processed cheese (excluding grated or powdered) in Asia, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by Iraq, with a X% share.

In Saudi Arabia, 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: China (+X% per year) and Iraq (+X% per year).

Import Prices by Country

In 2020, the import price for processed cheese (excluding grated or powdered) in Asia amounted to $X per ton, shrinking by -X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the import price increased by X% year-to-year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Hong Kong SAR ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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