Eastern Asia: Market for Fresh cheese (unripened or uncured cheese), including whey cheese and curd 2021

Market Size for Fresh cheese (unripened or uncured cheese), including whey cheese and curd in Eastern Asia

In 2020, the East Asian market for fresh cheese (unripened or uncured cheese), including whey cheese and curd increased by X% to $X, rising for the sixth consecutive year after two years of decline. The total consumption indicated a perceptible 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 2014 indices. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. The level of consumption peaked in 2020 and is likely to continue growth in years to come.

Production of Fresh cheese (unripened or uncured cheese), including whey cheese and curd in Eastern Asia

In value terms, production of fresh cheese (unripened or uncured cheese), including whey cheese and curd expanded slightly to $X in 2020 estimated in export prices. The total production indicated moderate growth 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, production increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% y-o-y. The level of production peaked in 2020 and is likely to see steady growth in the near future.

Production By Country in Eastern Asia

China (X tons) constituted the country with the largest volume of production of fresh cheese (unripened or uncured cheese), including whey cheese and curd, comprising approx. X% of total volume. Moreover, production of fresh cheese (unripened or uncured cheese), including whey cheese and curd in China exceeded the figures recorded by the second-largest producer, Japan (X tons), fourfold. South Korea (X tons) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume in China stood at +X%. The remaining producing countries recorded the following average annual rates of production growth: Japan (+X% per year) and South Korea (+X% per year).

Exports of Fresh cheese (unripened or uncured cheese), including whey cheese and curd

Exports in Eastern Asia

After four years of growth, overseas shipments of fresh cheese (unripened or uncured cheese), including whey cheese and curd decreased by -X% to X tons in 2020. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when exports increased by X% y-o-y. The volume of export peaked at X tons in 2019, and then dropped notably in the following year.

In value terms, exports of fresh cheese (unripened or uncured cheese), including whey cheese and curd contracted rapidly to $X in 2020. In general, exports, however, posted notable growth. The most prominent rate of growth was recorded in 2009 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum at $X in 2019, and then dropped markedly in the following year.

Exports by Country

In 2020, Japan (X tons) was the main exporter of fresh cheese (unripened or uncured cheese), including whey cheese and curd, comprising X% of total exports. It was distantly followed by Hong Kong SAR (X tons), generating a X% share of total exports. South Korea (X tons) followed a long way behind the leaders.

Japan was also the fastest-growing in terms of the fresh cheese (unripened or uncured cheese), including whey cheese and curd exports, with a CAGR of +X% from 2007 to 2020. South Korea (-X%) and Hong Kong SAR (-X%) illustrated a downward trend over the same period. Japan (+X p.p.) significantly strengthened its position in terms of the total exports, while South Korea and Hong Kong SAR saw its share reduced by -X% and -X% from 2007 to 2020, respectively.

In value terms, Japan ($X), Hong Kong SAR ($X) and South Korea ($X) appeared to be the countries with the highest levels of exports in 2020, together comprising X% of total exports.

In terms of the main exporting countries, Japan saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price for fresh cheese (unripened or uncured cheese), including whey cheese and curd in Eastern Asia stood at $X per ton in 2020, picking up by X% against the previous year. Export price indicated a temperate increase from 2007 to 2020: its price 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, export price for fresh cheese (unripened or uncured cheese), including whey cheese and curd increased by +X% against 2014 indices. The pace of growth was the most pronounced in 2009 when the export price increased by X% year-to-year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Hong Kong SAR ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Imports of Fresh cheese (unripened or uncured cheese), including whey cheese and curd

Imports in Eastern Asia

In 2020, overseas purchases of fresh cheese (unripened or uncured cheese), including whey cheese and curd decreased by -X% to X tons for the first time since 2008, thus ending a eleven-year rising trend. In general, imports, however, saw a moderate expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019, and then declined in the following year.

In value terms, imports of fresh cheese (unripened or uncured cheese), including whey cheese and curd declined modestly to $X in 2020. Overall, imports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2011 when imports increased by X% year-to-year. The level of import peaked at $X in 2019, and then contracted modestly in the following year.

Imports by Country

South Korea (X tons) and Japan (X tons) represented the key importers of fresh cheese (unripened or uncured cheese), including whey cheese and curd in 2020, recording approx. X% and X% of total imports, respectively. It was distantly followed by China (X tons), achieving a X% share of total imports. Taiwan (Chinese) (X tons) held a little share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by China, while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2020, together comprising X% of total imports.

In terms of the main importing countries, China saw the highest growth rate of 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 2020, the import price for fresh cheese (unripened or uncured cheese), including whey cheese and curd in Eastern Asia amounted to $X per ton, reducing by -X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. Over the period under review, import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2020, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Japan ($X per ton) and China ($X per ton), while South Korea ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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