Israel: Cheese Market 2024

Cheese Market Size in Israel

The Israeli cheese market rose modestly to $X in 2021, picking up by 3.5% against the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Cheese Production in Israel

In value terms, cheese production expanded slightly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by 15% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Cheese Exports

Exports from Israel

In 2021, shipments abroad of cheese decreased by -2.8% to X tons, falling for the second consecutive year after two years of growth. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 17% against the previous year. The exports peaked at X tons in 2019; afterwards, it flattened through to 2021.

In value terms, cheese exports reached $X in 2021. Over the period under review, exports continue to indicate a mild decrease. The pace of growth appeared the most rapid in 2018 with an increase of 8.8% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for cheese exports from Israel, with a 92% share of total exports. Moreover, cheese exports to the United States exceeded the volume sent to the second major destination, Palestine (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +2.6%.

In value terms, the United States ($X) remains the key foreign market for cheese exports from Israel, comprising 93% of total exports. The second position in the ranking was taken by Palestine ($X), with a 5.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +1.1%.

Export Prices by Country

In 2021, the average cheese export price amounted to $X per ton, rising by 3.9% against the previous year. Overall, the export price, however, recorded a mild shrinkage. The pace of growth was the most pronounced in 2014 an increase of 10%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Palestine totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-1.5%).

Cheese Imports

Imports into Israel

Cheese imports into Israel rose significantly to X tons in 2021, with an increase of 12% on the previous year. Overall, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 51% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, cheese imports surged to $X in 2021. Over the period under review, imports recorded a resilient increase. The growth pace was the most rapid in 2014 with an increase of 57% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Poland (X tons) and Italy (X tons) were the main suppliers of cheese imports to Israel, together comprising 53% of total imports. These countries were followed by Spain, France, Germany, Turkey, Switzerland, the UK, Lithuania, the United States and Denmark, which together accounted for a further 41%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +66.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Poland ($X) and Italy ($X) appeared to be the largest cheese suppliers to Israel, together comprising 55% of total imports. These countries were followed by Spain, France, Germany, the UK, Turkey, Lithuania, Switzerland, the United States and Denmark, which together accounted for a further 40%.

Spain, with a CAGR of +52.4%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average cheese import price amounted to $X per ton, surging by 8.1% against the previous year. Over the period under review, the import price, however, saw a mild setback. The most prominent rate of growth was recorded in 2020 an increase of 14%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the UK ($X per ton) and the Netherlands ($X per ton), while the price for Switzerland ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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