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

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

In 2020, after three years of growth, there was significant decline in the North American market for processed cheese (excluding grated or powdered), when its value decreased by -X% to $X. In general, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the market value increased by X% against the previous year. The level of consumption peaked at $X in 2019, and then dropped in the following year.

Production of Processed cheese (excluding grated or powdered) in Northern America

In value terms, production of processed cheese (excluding grated or powdered) dropped to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2011 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019, and then dropped in the following year.

Production By Country in Northern America

The U.S. (X tons) remains the largest processed cheese (excluding grated or powdered) producing country in Northern America, accounting for X% of total volume. Moreover, production of processed cheese (excluding grated or powdered) in the U.S. exceeded the figures recorded by the second-largest producer, Canada (X tons), eightfold.

From 2007 to 2020, the average annual rate of growth in terms of volume in the U.S. was relatively modest.

Exports of Processed cheese (excluding grated or powdered)

Exports in Northern America

After two years of decline, shipments abroad of processed cheese (excluding grated or powdered) increased by X% to X tons in 2020. Total exports indicated a remarkable increase from 2007 to 2020: its volume 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. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of processed cheese (excluding grated or powdered) surged to $X in 2020. 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 2018 indices. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. The level of export peaked in 2020 and is likely to see gradual growth in years to come.

Exports by Country

In 2020, the U.S. (X tons) was the main exporter of processed cheese (excluding grated or powdered) in Northern America, making up X% of total export.

The U.S. was also the fastest-growing in terms of the processed cheese (excluding grated or powdered) exports, with a CAGR of +X% from 2007 to 2020. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) also remains the largest processed cheese (excluding grated or powdered) supplier in Northern America.

From 2007 to 2020, the average annual growth rate of value in the U.S. totaled +X%.

Export Prices by Country

The export price for processed cheese (excluding grated or powdered) in Northern America stood at $X per ton in 2020, falling by -X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of X% y-o-y. The level of export peaked at $X per ton in 2019, and then shrank in the following year.

As there is only one major export destination, the average price level is determined by prices for the U.S..

From 2007 to 2020, the rate of growth in terms of prices for the U.S. amounted to +X% per year.

Imports of Processed cheese (excluding grated or powdered)

Imports in Northern America

Imports of processed cheese (excluding grated or powdered) declined remarkably to X tons in 2020, falling by -X% against the previous year's figure. Over the period under review, imports recorded a noticeable decrease. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of import peaked at X tons in 2007; however, from 2008 to 2020, imports remained at a lower figure.

In value terms, imports of processed cheese (excluding grated or powdered) reduced to $X in 2020. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2019, and then contracted modestly in the following year.

Imports by Country

The U.S. was the largest importing country with an import of about X tons, which amounted to X% of total imports. It was distantly followed by Canada (X tons), achieving a X% share of total imports. Bermuda (X tons) and Greenland (X tons) held a relatively small share of total imports.

From 2007 to 2020, average annual rates of growth with regard to processed cheese (excluding grated or powdered) imports into the U.S. stood at -X%. At the same time, Bermuda (+X%) displayed positive paces of growth. Moreover, Bermuda emerged as the fastest-growing importer imported in Northern America, with a CAGR of +X% from 2007-2020. Canada experienced a relatively flat trend pattern. By contrast, Greenland (-X%) illustrated a downward trend over the same period. Canada (+X p.p.) and Bermuda (+X p.p.) significantly strengthened its position in terms of the total imports, while the U.S. saw its share reduced by -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported processed cheese (excluding grated or powdered) in Northern America, comprising X% of total imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports. It was followed by Bermuda, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in the U.S. was relatively modest. In the other countries, the average annual rates were as follows: Canada (-X% per year) and Bermuda (+X% per year).

Import Prices by Country

The import price for processed cheese (excluding grated or powdered) in Northern America stood at $X per ton in 2020, surging by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Bermuda ($X per ton), while Greenland ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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