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

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

The Irish market for processed cheese (excluding grated or powdered) soared to $X in 2020, with an increase of X% against the previous year. Overall, consumption, however, saw a slight expansion. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. Consumption peaked at $X in 2012; however, from 2013 to 2020, consumption failed to regain the momentum.

Production of Processed cheese (excluding grated or powdered) in Ireland

In value terms, production of processed cheese (excluding grated or powdered) expanded rapidly to $X in 2020 estimated in export prices. In general, production posted a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Production peaked in 2020 and is expected to retain growth in years to come.

Exports of Processed cheese (excluding grated or powdered)

Exports from Ireland

In 2020, overseas shipments of processed cheese (excluding grated or powdered) decreased by -X% to X tons, falling for the fourth consecutive year after four years of growth. Over the period under review, exports continue to indicate a mild decline. The pace of growth appeared the most rapid in 2016 when exports increased by X% y-o-y. As a result, exports reached the peak of X tons. From 2017 to 2020, the growth of exports remained at a somewhat lower figure.

In value terms, exports of processed cheese (excluding grated or powdered) dropped to $X in 2020. Overall, total exports indicated a notable increase from 2007 to 2020: its value decreased 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, exports decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. As a result, exports reached the peak of $X. From 2017 to 2020, the growth of exports remained at a lower figure.

Exports by Country

The UK (X tons) was the main destination for exports of processed cheese (excluding grated or powdered) from Ireland, accounting for a X% share of total exports. Moreover, exports of processed cheese (excluding grated or powdered) to the UK exceeded the volume sent to the second major destination, Germany (X tons), sevenfold. Malaysia (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and Malaysia (+X% per year).

In value terms, the UK ($X) remains the key foreign market for processed cheese (excluding grated or powdered) exports from Ireland, comprising X% of total exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to the UK amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and Malaysia (+X% per year).

Export Prices by Country

The average export price for processed cheese (excluding grated or powdered) stood at $X per ton in 2020, rising by X% against the previous year. Overall, export price indicated a prominent expansion 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 2016 indices. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. Over the period under review, average export prices hit record highs in 2020 and is likely to see gradual growth in years to come.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to France, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Processed cheese (excluding grated or powdered)

Imports into Ireland

In 2020, the amount of processed cheese (excluding grated or powdered) imported into Ireland surged to X tons, increasing by X% against the previous year's figure. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2012 with an increase of X% y-o-y. Over the period under review, imports hit record highs in 2020 and are likely to see steady growth in the near future.

In value terms, imports of processed cheese (excluding grated or powdered) expanded rapidly to $X in 2020. The total import value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Imports peaked at $X in 2012; however, from 2013 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, the UK (X tons) constituted the largest supplier of processed cheese (excluding grated or powdered) to Ireland, accounting for a X% share of total imports. Moreover, imports of processed cheese (excluding grated or powdered) from the UK exceeded the figures recorded by the second-largest supplier, France (X tons), sevenfold. The third position in this ranking was occupied by Lithuania (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from the UK amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and Lithuania (-X% per year).

In value terms, the UK ($X) constituted the largest supplier of processed cheese (excluding grated or powdered) to Ireland, comprising X% of total imports. The second position in the ranking was occupied by Austria ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from the UK stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+X% per year) and France (+X% per year).

Import Prices by Country

The average import price for processed cheese (excluding grated or powdered) stood at $X per ton in 2020, dropping by -X% against the previous year. Overall, the import price showed a mild decrease. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. As a result, import price reached the peak level of $X per ton. From 2012 to 2020, the growth in terms of the average import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Italy ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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