Japan: Cheese And Curd Market 2024

Cheese And Curd Market Size in Japan

The Japanese cheese and curd market expanded remarkably to $X in 2022, growing by 6.3% against the previous year. The market value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Cheese and curd consumption peaked in 2022 and is expected to retain growth in years to come.

Cheese And Curd Production in Japan

In value terms, cheese and curd production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 65% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Cheese And Curd Exports

Exports from Japan

After two years of growth, shipments abroad of cheese and curd decreased by -19.3% to X tons in 2022. Overall, exports, however, showed resilient growth. The growth pace was the most rapid in 2013 with an increase of 52% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then dropped significantly in the following year.

In value terms, cheese and curd exports dropped dramatically to $X in 2022. In general, exports, however, recorded a buoyant increase. The growth pace was the most rapid in 2021 with an increase of 34%. As a result, the exports attained the peak of $X, and then contracted rapidly in the following year.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for cheese and curd exports from Japan, accounting for a 52% share of total exports. Moreover, cheese and curd exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), threefold. The third position in this ranking was taken by Vietnam (X tons), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Taiwan (Chinese) stood at +16.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+13.7% per year) and Vietnam (+114.3% per year).

In value terms, Taiwan (Chinese) ($X) remains the key foreign market for cheese and curd exports from Japan, comprising 51% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 20% share of total exports. It was followed by Vietnam, with a 15% share.

From 2012 to 2022, the average annual growth rate of value to Taiwan (Chinese) totaled +15.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+7.4% per year) and Vietnam (+115.0% per year).

Export Prices by Country

In 2022, the average cheese and curd export price amounted to $X per ton, declining by -4.5% against the previous year. Over the period under review, the export price recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2016 when the average export price increased by 13%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were South Korea ($X per ton) and Singapore ($X per ton), while the average price for exports to Vietnam ($X per ton) and Hong Kong SAR ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+3.1%), while the prices for the other major destinations experienced mixed trend patterns.

Cheese And Curd Imports

Imports into Japan

In 2022, supplies from abroad of cheese and curd decreased by -4.7% to X tons, falling for the third year in a row after five years of growth. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 when imports increased by 7.5% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, cheese and curd imports rose notably to $X in 2022. The total import value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 19%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

New Zealand (X tons), Australia (X tons) and the United States (X tons) were the main suppliers of cheese and curd imports to Japan, together comprising 59% of total imports. The Netherlands, Germany, Denmark, Ireland, Italy and France lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of +25.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X), Australia ($X) and the United States ($X) were the largest cheese and curd suppliers to Japan, together comprising 56% of total imports. The Netherlands, Italy, Germany, Denmark, Ireland and France lagged somewhat behind, together accounting for a further 41%.

Ireland, with a CAGR of +27.7%, 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

The average cheese and curd import price stood at $X per ton in 2022, increasing by 12% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 12%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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