EU: Cheese Market 2024

Cheese Market Size in the EU

The EU cheese market reached $X in 2021, picking up by 4.2% against the previous year. In general, consumption showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 8%. Over the period under review, the market reached the peak level in 2021 and is likely to see steady growth in the near future.

Cheese Production in the EU

In value terms, cheese production stood at $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by 9.6% against the previous year. The level of production peaked in 2021 and is expected to retain growth in the near future.

Cheese Exports

Exports in the EU

In 2021, exports of cheese in the European Union rose to X tons, growing by 4.6% compared with the previous year's figure. The total export volume increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by 5% against the previous year. The volume of export peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, cheese exports rose significantly to $X in 2021. The total export value increased at an average annual rate of +3.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when exports increased by 15%. The level of export peaked in 2021 and is likely to continue growth in the immediate term.

Exports by Country

The shipments of the eight major exporters of cheese, namely Germany, the Netherlands, France, Italy, Denmark, Belgium, Poland and Ireland, represented more than two-thirds of total export.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Italy (with a CAGR of +6.7%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Italy ($X) constituted the countries with the highest levels of exports in 2021, together comprising 51% of total exports.

Italy, with a CAGR of +6.2%, saw the highest rates of growth with regard to the value of exports, in terms of 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 2021, increasing by 7.5% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 11%. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

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 2021, the most notable rate of growth in terms of prices was attained by France (+0.4%), while the other leaders experienced mixed trends in the export price figures.

Cheese Imports

Imports in the EU

For the tenth year in a row, the European Union recorded growth in purchases abroad of cheese, which increased by 7.7% to X tons in 2021. The total import volume increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cheese imports totaled $X in 2021. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 15% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in the immediate term.

Imports by Country

In 2021, Germany (X tons), distantly followed by Italy (X tons), France (X tons), Belgium (X tons), the Netherlands (X tons) and Spain (X tons) were the main importers of cheese, together generating 68% of total imports. The following importers - Sweden (X tons), Greece (X tons), Austria (X tons), the Czech Republic (X tons), Poland (X tons), Romania (X tons) and Denmark (X tons) - together made up 19% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Romania (with a CAGR of +12.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported cheese in the European Union, comprising 25% of total imports. The second position in the ranking was taken by France ($X), with an 11% share of total imports. It was followed by Italy, with a 10% share.

In Germany, cheese imports expanded at an average annual rate of +3.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: France (+5.5% per year) and Italy (+0.3% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, picking up by 4% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 13% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Germany ($X per ton) and Sweden ($X per ton), while the Netherlands ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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