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

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

In 2020, the East Asian 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. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2020, consumption stood at a somewhat lower figure.

Production of Processed cheese (excluding grated or powdered) in Eastern Asia

In value terms, production of processed cheese (excluding grated or powdered) reached $X in 2020 estimated in export prices. 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 2012 when the production volume increased by X% y-o-y. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2020, production stood at a somewhat lower figure.

Production By Country in Eastern Asia

China (X tons) remains the largest processed cheese (excluding grated or powdered) producing country in Eastern Asia, accounting for X% of total volume. Moreover, production of processed cheese (excluding grated or powdered) in China exceeded the figures recorded by the second-largest producer, Japan (X tons), sixfold. South Korea (X tons) ranked third in terms of total production with a X% share.

In China, production of processed cheese (excluding grated or powdered) expanded at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Japan (+X% per year) and South Korea (+X% per year).

Exports of Processed cheese (excluding grated or powdered)

Exports in Eastern Asia

After two years of decline, overseas shipments of processed cheese (excluding grated or powdered) increased by X% to X tons in 2020. Total exports indicated a pronounced expansion from 2007 to 2020: its volume 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. The pace of growth was the most pronounced in 2013 when exports increased by X% year-to-year. The volume of export peaked at X tons in 2017; afterwards, it flattened through to 2020.

In value terms, exports of processed cheese (excluding grated or powdered) surged to $X in 2020. Overall, exports posted a remarkable increase. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2020, Japan (X tons) was the largest exporter of processed cheese (excluding grated or powdered), comprising X% of total exports. Hong Kong SAR (X tons) took the second position in the ranking, distantly followed by South Korea (X tons) and Taiwan (Chinese) (X tons). All these countries together took near X% share of total exports.

Exports from Japan increased at an average annual rate of +X% from 2007 to 2020. At the same time, Taiwan (Chinese) (+X%) and South Korea (+X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +X% from 2007-2020. By contrast, Hong Kong SAR (-X%) illustrated a downward trend over the same period. Japan (+X p.p.), Taiwan (Chinese) (+X p.p.) and South Korea (+X p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR saw its share reduced by -X% from 2007 to 2020, respectively.

In value terms, Japan ($X) remains the largest processed cheese (excluding grated or powdered) supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was occupied by Hong Kong SAR ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2007 to 2020, the average annual growth rate of value in Japan stood at +X%. In the other countries, the average annual rates were as follows: Hong Kong SAR (+X% per year) and South Korea (+X% per year).

Export Prices by Country

In 2020, the export price for processed cheese (excluding grated or powdered) in Eastern Asia amounted to $X per ton, shrinking by -X% against the previous year. Export price indicated a notable increase 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 2013 indices. The pace of growth appeared the most rapid in 2011 an increase of X% against the previous year. The level of export peaked at $X per ton in 2019, and then declined modestly in the following year.

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

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

Imports of Processed cheese (excluding grated or powdered)

Imports in Eastern Asia

In 2020, purchases abroad of processed cheese (excluding grated or powdered) was finally on the rise to reach X tons for the first time since 2017, thus ending a two-year declining trend. Total imports indicated a moderate expansion from 2007 to 2020: its volume 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, imports decreased by -X% against 2017 indices. The growth pace was the most rapid in 2011 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2020, imports remained at a lower figure.

In value terms, imports of processed cheese (excluding grated or powdered) declined slightly to $X in 2020. Total imports indicated a measured 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, imports decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. The level of import peaked at $X in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

Imports by Country

China represented the key importing country with an import of around X tons, which accounted for X% of total imports. Taiwan (Chinese) (X tons) occupied the second position in the ranking, followed by South Korea (X tons), Japan (X tons) and Hong Kong SAR (X tons). All these countries together took approx. X% share of total imports.

China was also the fastest-growing in terms of the processed cheese (excluding grated or powdered) imports, with a CAGR of +X% from 2007 to 2020. At the same time, South Korea (+X%) and Taiwan (Chinese) (+X%) displayed positive paces of growth. Hong Kong SAR experienced a relatively flat trend pattern. By contrast, Japan (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.) and South Korea (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of Taiwan (Chinese) (-X p.p.), Hong Kong SAR (-X p.p.) and Japan (-X p.p.) displayed negative dynamics.

In value terms, China ($X) constitutes the largest market for imported processed cheese (excluding grated or powdered) in Eastern Asia, comprising X% of total imports. The second position in the ranking was occupied by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

In China, imports of processed cheese (excluding grated or powdered) expanded at an average annual rate of +X% over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+X% per year) and Japan (-X% per year).

Import Prices by Country

In 2020, the import price for processed cheese (excluding grated or powdered) 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% year-to-year. Over the period under review, import prices attained the peak figure at $X per ton in 2011; however, from 2012 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Hong Kong SAR ($X per ton), while South Korea ($X per ton) was 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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