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

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

In 2020, the Chinese market for processed cheese (excluding grated or powdered) increased by X% to $X, rising for the second year in a row after three years of decline. In general, the total consumption indicated a moderate expansion 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, consumption increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the market value increased by X% y-o-y. 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 China

In value terms, production of processed cheese (excluding grated or powdered) stood at $X in 2020 estimated in export prices. Over the period under review, the total production indicated notable growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2018 indices. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. Production peaked at $X in 2015; however, from 2016 to 2020, production stood at a somewhat lower figure.

Exports of Processed cheese (excluding grated or powdered)

Exports from China

Exports of processed cheese (excluding grated or powdered) from China shrank sharply to X tons in 2020, which is down by -X% against the year before. In general, exports recorded a abrupt contraction. The pace of growth was the most pronounced in 2009 with an increase of X% against the previous year. Exports peaked at X tons in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

In value terms, exports of processed cheese (excluding grated or powdered) declined notably to $X in 2020. Over the period under review, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Exports peaked at $X in 2015; however, from 2016 to 2020, exports failed to regain the momentum.

Exports by Country

Mongolia (X tons) was the main destination for exports of processed cheese (excluding grated or powdered) from China, accounting for a X% share of total exports. It was followed by Hong Kong SAR (X kg), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to Mongolia totaled +X%.

In value terms, Mongolia ($X) emerged as the key foreign market for processed cheese (excluding grated or powdered) exports from China, comprising X% of total exports. The second position in the ranking was occupied by Hong Kong SAR ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to Mongolia amounted to +X%.

Export Prices by Country

In 2020, the average export price for processed cheese (excluding grated or powdered) amounted to $X per ton, approximately mirroring the previous year. Over the period under review, export price indicated a temperate expansion from 2007 to 2020: its price 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, export price for processed cheese (excluding grated or powdered) increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% year-to-year. Over the period under review, average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2020, export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2020, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Mongolia amounted to $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Mongolia.

Imports of Processed cheese (excluding grated or powdered)

Imports into China

In 2020, the amount of processed cheese (excluding grated or powdered) imported into China surged to X tons, increasing by X% against the previous year's figure. In general, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure in 2020 and are expected to retain growth in years to come.

In value terms, imports of processed cheese (excluding grated or powdered) soared to $X in 2020. Over the period under review, imports enjoyed a buoyant expansion. The growth pace was the most rapid in 2014 when imports increased by X% y-o-y. Imports peaked in 2020 and are expected to retain growth in the near future.

Imports by Country

In 2020, New Zealand (X tons) constituted the largest supplier of processed cheese (excluding grated or powdered) to China, with a X% share of total imports. Moreover, imports of processed cheese (excluding grated or powdered) from New Zealand exceeded the figures recorded by the second-largest supplier, Denmark (X tons), threefold. France (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from New Zealand stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+X% per year) and France (+X% per year).

In value terms, New Zealand ($X), France ($X) and Denmark ($X) were the largest processed cheese (excluding grated or powdered) suppliers to China, together accounting for X% of total imports. Austria, Australia, Ireland and Germany lagged somewhat behind, together accounting for a further X terms of the main suppliers, Austria recorded 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

The average import price for processed cheese (excluding grated or powdered) stood at $X per ton in 2020, shrinking by -X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 an increase of X% year-to-year. The import price peaked at $X per ton in 2014; however, from 2015 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was France ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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