India: 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 India

For the third year in a row, the Indian market for fresh cheese (unripened or uncured cheese), including whey cheese and curd recorded growth in sales value, which increased by X% to $X in 2020. Overall, the total consumption indicated a strong 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 2007 indices. The pace of growth was the most pronounced in 2010 when the market value increased by X% y-o-y. Over the period under review, the market hit record highs in 2020 and is likely to see steady growth in the immediate term.

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

In value terms, production of fresh cheese (unripened or uncured cheese), including whey cheese and curd amounted to $X in 2020 estimated in export prices. In general, the total production indicated a resilient 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, production increased by +X% against 2007 indices. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, production hit record highs in 2020 and is likely to see steady growth in the near future.

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

Exports from India

In 2020, after three years of growth, there was significant decline in overseas shipments of fresh cheese (unripened or uncured cheese), including whey cheese and curd, when their volume decreased by -X% to X tons. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at X tons in 2019, and then shrank significantly in the following year.

In value terms, exports of fresh cheese (unripened or uncured cheese), including whey cheese and curd reduced notably to $X in 2020. In general, exports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Exports peaked at $X in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

Exports by Country

Singapore (X tons) was the main destination for exports of fresh cheese (unripened or uncured cheese), including whey cheese and curd from India, with a X% share of total exports. Moreover, exports of fresh cheese (unripened or uncured cheese), including whey cheese and curd to Singapore exceeded the volume sent to the second major destination, Bhutan (X tons), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume to Singapore stood at +X%.

In value terms, Singapore ($X) remains the key foreign market for fresh cheese (unripened or uncured cheese), including whey cheese and curd exports from India, comprising X% of total exports. The second position in the ranking was occupied by Bhutan ($X), with a X% share of total exports.

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

Export Prices by Country

The average export price for fresh cheese (unripened or uncured cheese), including whey cheese and curd stood at $X per ton in 2020, declining by -X% against the previous year. Over the period under review, the export price showed a perceptible setback. The pace of growth was the most pronounced in 2010 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 2014; however, from 2015 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Bhutan ($X per ton), while the average price for exports to Singapore amounted to $X per ton.

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

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

Imports into India

In 2020, imports of fresh cheese (unripened or uncured cheese), including whey cheese and curd into India soared to X tons, jumping by X% compared with the previous year's figure. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Imports peaked in 2020 and are expected to retain growth in years to come.

In value terms, imports of fresh cheese (unripened or uncured cheese), including whey cheese and curd totaled $X in 2020. Overall, imports recorded a pronounced descent. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. Imports peaked at $X in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), New Zealand (X tons) and Denmark (X tons) were the main suppliers of imports of fresh cheese (unripened or uncured cheese), including whey cheese and curd to India, together comprising X% of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by New Zealand, while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), Denmark ($X) and New Zealand ($X) appeared to be the largest fresh cheese (unripened or uncured cheese), including whey cheese and curd suppliers to India, with a combined X% share of total imports.

New Zealand recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for fresh cheese (unripened or uncured cheese), including whey cheese and curd stood at $X per ton in 2020, falling by -X% against the previous year. In general, the import price recorded a pronounced decrease. The growth pace was the most rapid in 2010 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2011 to 2020, the growth in terms of the average import prices failed to regain the momentum.

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

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

Source: IndexBox Platform

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