Japan: Cheese Market 2024

Cheese Market Size in Japan

The Japanese cheese market amounted to $X in 2021, almost unchanged from the previous year. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Cheese Production in Japan

In value terms, cheese production dropped slightly to $X in 2021 estimated in export price. In general, production, however, showed a deep downturn. The most prominent rate of growth was recorded in 2019 with an increase of 10% against the previous year. Cheese production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Cheese Exports

Exports from Japan

In 2021, the amount of cheese exported from Japan surged to X tons, with an increase of 41% compared with 2020 figures. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 52%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, cheese exports skyrocketed to $X in 2021. Overall, exports showed prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for cheese exports from Japan, accounting for a 50% share of total exports. Moreover, cheese 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 Thailand (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Taiwan (Chinese) totaled +21.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+16.7% per year) and Thailand (+41.6% per year).

In value terms, Taiwan (Chinese) ($X) remains the key foreign market for cheese exports from Japan, comprising 51% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with an 18% share of total exports. It was followed by Vietnam, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Taiwan (Chinese) amounted to +20.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+10.4% per year) and Vietnam (+136.3% per year).

Export Prices by Country

The average cheese export price stood at $X per ton in 2021, which is down by -5% against the previous year. Overall, the export price saw a perceptible contraction. 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 reached the maximum at $X per ton in 2012; however, from 2013 to 2021, 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 Singapore ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+2.8%), while the prices for the other major destinations experienced a decline.

Cheese Imports

Imports into Japan

In 2021, supplies from abroad of cheese decreased by -1.3% to X tons, falling for the second year in a row after five years of growth. The total import volume increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2015 when imports increased by 7.5% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, cheese imports totaled $X in 2021. The total import value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by 19%. Over the period under review, imports hit record highs at $X in 2019; afterwards, it flattened through to 2021.

Imports by Country

Australia (X tons), New Zealand (X tons) and the United States (X tons) were the main suppliers of cheese imports to Japan, with a combined 56% share of total imports. These countries were followed by the Netherlands, Germany, Denmark, Ireland, France and Italy, which together accounted for a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of +29.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cheese suppliers to Japan were Australia ($X), New Zealand ($X) and the United States ($X), together comprising 53% of total imports. These countries were followed by the Netherlands, Germany, Italy, Denmark, France and Ireland, which together accounted for a further 43%.

Ireland, with a CAGR of +28.9%, saw 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 more modest paces of growth.

Import Prices by Country

In 2021, the average cheese import price amounted to $X per ton, growing by 1.9% against the previous year. In general, the import price, however, continues to indicate a slight decline. The most prominent rate of growth was recorded in 2017 when the average import price increased by 12%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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