Southern Asia: Cheese And Curd Market 2024

Cheese And Curd Market Size in Southern Asia

The South Asian cheese and curd market stood at $X in 2022, growing by 2.8% against the previous year. The total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.7% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Cheese And Curd Production in Southern Asia

In value terms, cheese and curd production rose modestly to $X in 2022 estimated in export price. The total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.2% against 2020 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by 24% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Cheese And Curd Exports

Exports in Southern Asia

Cheese and curd exports soared to X tons in 2022, picking up by 23% on 2021 figures. In general, exports saw strong growth. The growth pace was the most rapid in 2016 when exports increased by 34%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.

In value terms, cheese and curd exports surged to $X in 2022. Overall, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 35%. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

In 2022, India (X tons) was the largest exporter of cheese and curd in Southern Asia, achieving 99% of total export.

India was also the fastest-growing in terms of the cheese and curd exports, with a CAGR of +10.6% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest cheese and curd supplier in Southern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in India amounted to +12.9%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, increasing by 2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2017 an increase of 11% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +2.1% per year.

Cheese And Curd Imports

Imports in Southern Asia

In 2022, approx. X tons of cheese and curd were imported in Southern Asia; with a decrease of -8.3% compared with the previous year's figure. Overall, imports, however, showed noticeable growth. The most prominent rate of growth was recorded in 2015 with an increase of 60%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, cheese and curd imports dropped to $X in 2022. Total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +5.5% against 2020 indices. The pace of growth appeared the most rapid in 2015 with an increase of 42% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of cheese and curd imports in 2022 were Sri Lanka (X tons), India (X tons), Maldives (X tons), Bhutan (X tons), Pakistan (X tons), Bangladesh (X tons) and Afghanistan (X tons), together resulting at 95% of total import. It was distantly followed by Nepal (X tons), achieving a 5.2% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Maldives (with a CAGR of +19.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Sri Lanka ($X) and Maldives ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 60% of total imports.

Maldives, with a CAGR of +19.7%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, approximately mirroring the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the import price increased by 17% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bhutan ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (+2.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :