Benelux: Cheese And Curd Market 2024

Cheese And Curd Market Size in Benelux

For the sixth consecutive year, the Benelux cheese and curd market recorded growth in sales value, which increased by 1.8% to $X in 2022. The market value increased at an average annual rate of +3.4% over the period 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 attained the peak level in 2022 and is expected to retain growth in the immediate term.

Cheese And Curd Production in Benelux

In value terms, cheese and curd production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2016 when the production volume increased by 54% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Cheese And Curd Exports

Exports in Benelux

In 2022, the amount of cheese and curd exported in Benelux amounted to X tons, approximately mirroring the previous year's figure. The total export volume increased at an average annual rate of +2.9% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 7.2% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, cheese and curd exports rose notably to $X in 2022. The total export value increased at an average annual rate of +3.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by 19%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The Netherlands was the main exporter of cheese and curd in Benelux, with the volume of exports amounting to X tons, which was approx. 79% of total exports in 2022. It was distantly followed by Belgium (X tons), making up a 17% share of total exports. Luxembourg (X tons) took a little share of total exports.

The Netherlands was also the fastest-growing in terms of the cheese and curd exports, with a CAGR of +3.0% from 2012 to 2022. At the same time, Belgium (+2.7%) displayed positive paces of growth. Luxembourg experienced a relatively flat trend pattern. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest cheese and curd supplier in Benelux, comprising 79% of total exports. The second position in the ranking was taken by Belgium ($X), with a 16% share of total exports.

In the Netherlands, cheese and curd exports expanded at an average annual rate of +3.8% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Belgium (+2.6% per year) and Luxembourg (+2.8% per year).

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, picking up by 11% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 14%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Luxembourg ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+1.9%), while the other leaders experienced mixed trends in the export price figures.

Cheese And Curd Imports

Imports in Benelux

After seven years of growth, purchases abroad of cheese and curd decreased by -5.8% to X tons in 2022. The total import volume increased at an average annual rate of +2.7% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 10% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then reduced in the following year.

In value terms, cheese and curd imports stood at $X in 2022. The total import value increased at an average annual rate of +3.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 19% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

The Netherlands (X tons) and Belgium (X tons) dominates imports structure, together comprising 92% of total imports. It was distantly followed by Luxembourg (X tons), achieving a 7.7% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +4.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Belgium ($X) and Luxembourg ($X) were the countries with the highest levels of imports in 2022, together comprising 99.9% of total imports.

The Netherlands, with a CAGR of +5.0%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, rising by 9.6% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the import price increased by 11% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Luxembourg ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform