Australia: Cheese And Curd Market 2024

Cheese And Curd Market Size in Australia

The Australian cheese and curd market rose to $X in 2022, picking up by 2.8% against the previous year. The market value increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in years to come.

Cheese And Curd Production in Australia

In value terms, cheese and curd production declined to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 24% against the previous year. As a result, production attained the peak level of $X; afterwards, it flattened through to 2022.

Cheese And Curd Exports

Exports from Australia

In 2022, cheese and curd exports from Australia shrank to X tons, falling by -8.6% against the previous year. Overall, exports showed a slight downturn. The growth pace was the most rapid in 2015 with an increase of 14%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, cheese and curd exports reached $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 15% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Japan (X tons) was the main destination for cheese and curd exports from Australia, with a 42% share of total exports. Moreover, cheese and curd exports to Japan exceeded the volume sent to the second major destination, China (X tons), threefold. The third position in this ranking was taken by the Philippines (X tons), with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan stood at -5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+8.1% per year) and the Philippines (+12.7% per year).

In value terms, Japan ($X) remains the key foreign market for cheese and curd exports from Australia, comprising 40% of total exports. The second position in the ranking was taken by China ($X), with a 12% share of total exports. It was followed by the Philippines, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan stood at -3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+7.8% per year) and the Philippines (+14.3% per year).

Export Prices by Country

The average cheese and curd export price stood at $X per ton in 2022, rising by 10% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 13% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Indonesia ($X per ton) and the Philippines ($X per ton), while the average price for exports to China ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.

Cheese And Curd Imports

Imports into Australia

In 2022, the amount of cheese and curd imported into Australia dropped modestly to X tons, declining by -1.9% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 14% against the previous year. Imports peaked at X tons in 2017; however, from 2018 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 +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when imports increased by 30%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

New Zealand (X tons), the United States (X tons) and Italy (X tons) were the main suppliers of cheese and curd imports to Australia, with a combined 76% share of total imports. The Netherlands, France, Denmark, Germany, Greece, Cyprus, the UK and Bulgaria lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +16.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cheese and curd suppliers to Australia were New Zealand ($X), the United States ($X) and Italy ($X), together comprising 65% of total imports. France, Denmark, the Netherlands, Germany, Greece, the UK, Cyprus and Bulgaria lagged somewhat behind, together accounting for a further 29%.

In terms of the main suppliers, the UK, with a CAGR of +17.6%, saw the highest rates of growth with regard to the value of imports, 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, rising by 6.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2018 an increase of 16% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :