China: Cheese And Curd Market 2024

Cheese And Curd Market Size in China

The Chinese cheese and curd market declined to $X in 2022, shrinking by -10.1% against the previous year. In general, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +73.9% against 2016 indices. Cheese and curd consumption peaked at $X in 2021, and then dropped in the following year.

Cheese And Curd Production in China

In value terms, cheese and curd production shrank slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the production volume increased by 40%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Cheese And Curd Exports

Exports from China

Cheese and curd exports from China surged to X tons in 2022, increasing by 16% against the previous year's figure. In general, exports, however, recorded a abrupt decrease. The growth pace was the most rapid in 2014 with an increase of 86%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, cheese and curd exports stood at $X in 2022. Overall, exports, however, recorded a perceptible descent. The most prominent rate of growth was recorded in 2014 when exports increased by 75% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Poland (X tons), Hong Kong SAR (X tons) and Bangladesh (X tons) were the main destinations of cheese and curd exports from China, with a combined 42% share of total exports. Bahrain, Thailand, Pakistan, Guatemala, Singapore and the Philippines lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the biggest increases were recorded for Guatemala (with a CAGR of +1,294,300.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X), Poland ($X) and Thailand ($X) appeared to be the largest markets for cheese and curd exported from China worldwide, with a combined 43% share of total exports. Hong Kong SAR, Singapore, Pakistan, Guatemala, Bahrain and the Philippines lagged somewhat behind, together accounting for a further 23%.

Among the main countries of destination, Guatemala, with a CAGR of +1,788,625.0%, recorded 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 2022, the average cheese and curd export price amounted to $X per ton, falling by -11.2% against the previous year. Overall, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cheese and curd export price increased by +73.6% against 2016 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 30% against the previous year. As a result, the export price reached the peak level of $X per ton, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+38.2%), while the prices for the other major destinations experienced more modest paces of growth.

Cheese And Curd Imports

Imports into China

In 2022, purchases abroad of cheese and curd decreased by -17.4% to X tons for the first time since 2011, thus ending a ten-year rising trend. In general, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 39%. Over the period under review, imports reached the peak figure at X tons in 2021, and then contracted notably in the following year.

In value terms, cheese and curd imports contracted to $X in 2022. Over the period under review, imports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2014 with an increase of 48%. Over the period under review, imports reached the maximum at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, New Zealand (X tons) constituted the largest supplier of cheese and curd to China, accounting for a 58% share of total imports. Moreover, cheese and curd imports from New Zealand exceeded the figures recorded by the second-largest supplier, Australia (X tons), fourfold. The third position in this ranking was taken by Italy (X tons), with a 5.5% share.

From 2012 to 2022, the average annual growth rate of volume from New Zealand amounted to +17.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+10.2% per year) and Italy (+27.1% per year).

In value terms, New Zealand ($X) constituted the largest supplier of cheese and curd to China, comprising 55% of total imports. The second position in the ranking was taken by Australia ($X), with a 12% share of total imports. It was followed by Italy, with a 6.4% share.

From 2012 to 2022, the average annual growth rate of value from New Zealand totaled +18.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+9.4% per year) and Italy (+23.4% per year).

Import Prices by Country

The average cheese and curd import price stood at $X per ton in 2022, surging by 15% against the previous year. Overall, the import price continues to indicate a mild expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from France ($X per ton) and Italy ($X per ton), while the price for Australia ($X per ton) and New Zealand ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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