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

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

In 2020, the New Zealand market for processed cheese (excluding grated or powdered) was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2010 when the market value increased by X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2020, consumption stood at a somewhat lower figure.

Production of Processed cheese (excluding grated or powdered) in New Zealand

In value terms, production of processed cheese (excluding grated or powdered) expanded slightly to $X in 2020 estimated in export prices. In general, the total production indicated a notable increase from 2007 to 2020: its value 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, production increased by +X% against 2014 indices. The growth pace was the most rapid in 2010 when the production volume increased by X% against the previous year. Production peaked in 2020 and is likely to see steady growth in years to come.

Exports of Processed cheese (excluding grated or powdered)

Exports from New Zealand

In 2020, shipments abroad of processed cheese (excluding grated or powdered) increased by X% to X tons, rising for the second consecutive year after two years of decline. The total export 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 growth pace was the most rapid in 2019 when exports increased by X% y-o-y. Exports peaked in 2020 and are likely to see steady growth in years to come.

In value terms, exports of processed cheese (excluding grated or powdered) totaled $X in 2020. Over the period under review, total exports indicated a prominent expansion from 2007 to 2020: its value 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, exports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Exports peaked in 2020 and are expected to retain growth in the near future.

Exports by Country

China (X tons), Taiwan (Chinese) (X tons) and Malaysia (X tons) were the main destinations of exports of processed cheese (excluding grated or powdered) from New Zealand, together accounting for X% of total exports.

From 2007 to 2020, the biggest increases were in China, while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for processed cheese (excluding grated or powdered) exports from New Zealand, comprising X% of total exports. The second position in the ranking was occupied by Taiwan (Chinese) ($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 China amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+X% per year) and Malaysia (+X% per year).

Export Prices by Country

In 2020, the average export price for processed cheese (excluding grated or powdered) amounted to $X per ton, remaining relatively unchanged against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2010 an increase of X% y-o-y. Over the period under review, average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Australia ($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 Hong Kong SAR, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Processed cheese (excluding grated or powdered)

Imports into New Zealand

In 2020, approx. X tons of processed cheese (excluding grated or powdered) were imported into New Zealand; picking up by X% on the year before. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by X% year-to-year. As a result, imports reached the peak of X tons. From 2017 to 2020, the growth of imports remained at a lower figure.

In value terms, imports of processed cheese (excluding grated or powdered) expanded significantly to $X in 2020. Over the period under review, total imports indicated a slight increase from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. Over the period under review, imports hit record highs in 2020 and are expected to retain growth in the immediate term.

Imports by Country

In 2020, Australia (X tons) constituted the largest supplier of processed cheese (excluding grated or powdered) to New Zealand, accounting for a X% share of total imports. Moreover, imports of processed cheese (excluding grated or powdered) from Australia exceeded the figures recorded by the second-largest supplier, the U.S. (X tons), fourfold. Ireland (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Australia stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Ireland (+X% per year).

In value terms, Australia ($X) constituted the largest supplier of processed cheese (excluding grated or powdered) to New Zealand, comprising X% of total imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Australia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Poland (+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, increasing by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2010 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Slovakia ($X per ton), while the price for Ireland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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