Ireland: Cheese And Curd Market 2024

Cheese And Curd Market Size in Ireland

The Irish cheese and curd market surged to $X in 2022, with an increase of 552% against the previous year. In general, consumption recorded a resilient increase. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Cheese And Curd Production in Ireland

In value terms, cheese and curd production surged to $X in 2022 estimated in export price. In general, the total production indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 32% against the previous year. Cheese and curd production peaked in 2022 and is likely to continue growth in the immediate term.

Cheese And Curd Exports

Exports from Ireland

In 2022, the amount of cheese and curd exported from Ireland reduced modestly to X tons, shrinking by -1.9% against 2021. In general, total exports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -13.7% against 2019 indices. The pace of growth appeared the most rapid in 2019 when exports increased by 35%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, cheese and curd exports expanded remarkably to $X in 2022. Over the period under review, total exports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +76.7% against 2016 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 21% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.

Exports by Country

The UK (X tons) was the main destination for cheese and curd exports from Ireland, with a 32% share of total exports. Moreover, cheese and curd exports to the UK exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. Germany (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to the UK stood at -4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+19.4% per year) and Germany (+12.3% per year).

It was followed by Germany, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK stood at -2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+21.9% per year) and Germany (+14.6% per year).

Export Prices by Country

In 2022, the average cheese and curd export price amounted to $X per ton, picking up by 11% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2013 an increase of 21% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Cheese And Curd Imports

Imports into Ireland

In 2022, purchases abroad of cheese and curd decreased by 0% to X tons, falling for the second year in a row after four years of growth. Overall, imports enjoyed a temperate increase. The pace of growth appeared the most rapid in 2017 when imports increased by 16% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, cheese and curd imports stood at $X in 2022. Over the period under review, imports posted a temperate increase. The growth pace was the most rapid in 2017 when imports increased by 26%. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the UK (X tons) constituted the largest supplier of cheese and curd to Ireland, accounting for a 49% share of total imports. Moreover, cheese and curd imports from the UK exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The Netherlands (X tons) ranked third in terms of total imports with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK stood at +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.6% per year) and the Netherlands (+9.7% per year).

In value terms, the UK ($X) constituted the largest supplier of cheese and curd to Ireland, comprising 43% of total imports. The second position in the ranking was held by Germany ($X), with a 19% share of total imports. It was followed by Italy, with a 9.3% share.

From 2012 to 2022, the average annual growth rate of value from the UK was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.1% per year) and Italy (+8.5% per year).

Import Prices by Country

In 2022, the average cheese and curd import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the import price saw mild growth. The growth pace was the most rapid in 2014 when the average import price increased by 9.9%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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