Australia and Oceania: Cheese Market 2024

Cheese Market Size in Australia and Oceania

The cheese market in Australia and Oceania rose to $X in 2021, growing by 2.4% against the previous year. The market value increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level in 2021 and is likely to see gradual growth in the near future.

Cheese Production in Australia and Oceania

In value terms, cheese production surged to $X in 2021 estimated in export price. The total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +36.1% against 2018 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Cheese Exports

Exports in Australia and Oceania

In 2021, the amount of cheese exported in Australia and Oceania skyrocketed to X tons, rising by 56% compared with 2020 figures. Total exports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cheese exports skyrocketed to $X in 2021. Total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, 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

New Zealand represented the largest exporter of cheese in Australia and Oceania, with the volume of exports reaching X tons, which was near 79% of total exports in 2021. It was distantly followed by Australia (X tons), achieving a 21% share of total exports.

New Zealand was also the fastest-growing in terms of the cheese exports, with a CAGR of +7.1% from 2012 to 2021. Australia experienced a relatively flat trend pattern. New Zealand (+14 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -13.5% from 2012 to 2021, respectively.

In value terms, New Zealand ($X) remains the largest cheese supplier in Australia and Oceania, comprising 78% of total exports. The second position in the ranking was held by Australia ($X), with a 22% share of total exports.

In New Zealand, cheese exports expanded at an average annual rate of +8.7% over the period from 2012-2021.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, with an increase of 5.2% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 17% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+1.6%).

Cheese Imports

Imports in Australia and Oceania

In 2021, supplies from abroad of cheese was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of 13%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, cheese imports amounted to $X in 2021. The total import value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 28%. The level of import peaked in 2021 and is likely to continue growth in years to come.

Imports by Country

Australia prevails in imports structure, resulting at X tons, which was approx. 82% of total imports in 2021. It was distantly followed by New Zealand (X tons), creating a 9.5% share of total imports. The following importers - New Caledonia (X tons) and French Polynesia (X tons) - each amounted to a 6.4% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to cheese imports into Australia stood at +3.0%. At the same time, New Zealand (+9.3%) and French Polynesia (+1.1%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +9.3% from 2012-2021. New Caledonia experienced a relatively flat trend pattern. From 2012 to 2021, the share of New Zealand increased by +3.8 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported cheese in Australia and Oceania, comprising 81% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 10% share of total imports. It was followed by New Caledonia, with a 3.3% share.

In Australia, cheese imports expanded at an average annual rate of +3.8% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+9.0% per year) and New Caledonia (+1.8% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, rising by 5.6% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the import price increased by 14% against the previous year. Over the period under review, import prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in New Zealand ($X per ton) and New Caledonia ($X per ton), while French Polynesia ($X per ton) and Australia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Caledonia (+1.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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