EU: Cheese And Curd Market 2024

Cheese And Curd Market Size in the EU

For the seventh year in a row, the EU cheese and curd market recorded growth in sales value, which increased by 16% to $X in 2022. The market value increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Cheese And Curd Production in the EU

In value terms, cheese and curd production skyrocketed to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Cheese And Curd Exports

Exports in the EU

For the eleventh year in a row, the European Union recorded growth in shipments abroad of cheese and curd, which increased by 0.3% to X tons in 2022. The total export volume increased at an average annual rate of +2.8% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 4.9%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, cheese and curd exports expanded remarkably to $X in 2022. The total export value increased at an average annual rate of +3.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 15% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Germany (X tons) and the Netherlands (X tons) represented roughly 42% of total exports in 2022. France (X tons) ranks next in terms of the total exports with a 12% share, followed by Italy (10%), Denmark (7.3%), Poland (5%) and Ireland (4.7%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Italy (with a CAGR of +6.6%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Italy ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 53% of total exports.

Italy, with a CAGR of +6.2%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, picking up by 9.3% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the export price increased by 11%. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Italy ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+2.2%), while the other leaders experienced more modest paces of growth.

Cheese And Curd Imports

Imports in the EU

For the eleventh year in a row, the European Union recorded growth in overseas purchases of cheese and curd, which increased by 2.8% to X tons in 2022. The total import volume 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. The most prominent rate of growth was recorded in 2013 when imports increased by 7.1%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, cheese and curd imports amounted to $X in 2022. The total import value increased at an average annual rate of +4.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 15% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Germany (X tons), distantly followed by Italy (X tons), France (X tons), the Netherlands (X tons), Spain (X tons) and Belgium (X tons) were the main importers of cheese and curd, together constituting 67% of total imports. Sweden (X tons), Greece (X tons), Austria (X tons), Romania (X tons), the Czech Republic (X tons), Denmark (X tons) and Poland (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +12.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cheese and curd importing markets in the European Union were Germany ($X), France ($X) and Italy ($X), with a combined 46% share of total imports. The Netherlands, Spain, Belgium, Sweden, Greece, Austria, Poland, the Czech Republic, Romania and Denmark lagged somewhat behind, together comprising a further 41%.

Among the main importing countries, Romania, with a CAGR of +14.9%, saw 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

In 2022, the import price in the European Union amounted to $X per ton, picking up by 10% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 12% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Germany ($X per ton) and France ($X per ton), while the Netherlands ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+3.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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