Report Update Nov 1, 2024

Southern Asia - Cheese - Market Analysis, Forecast, Size, Trends and Insights

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Southern Asia: Cheese Market 2024

Cheese Market Size in Southern Asia

In 2021, the South Asian cheese market was finally on the rise to reach $X after two years of decline. Overall, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Cheese Production in Southern Asia

In value terms, cheese production reached $X in 2021 estimated in export price. Overall, production recorded a mild curtailment. The pace of growth was the most pronounced in 2013 when the production volume increased by 13% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Cheese Exports

Exports in Southern Asia

In 2021, exports of cheese in Southern Asia reduced to X tons, which is down by -7.9% against the year before. Over the period under review, exports, however, posted resilient growth. The growth pace was the most rapid in 2014 with an increase of 34%. The volume of export peaked at X tons in 2020, and then fell in the following year.

In value terms, cheese exports reduced to $X in 2021. Overall, exports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 35% against the previous year. The level of export peaked at $X in 2020, and then fell in the following year.

Exports by Country

India (X tons) represented roughly 99% of total exports in 2021.

India was also the fastest-growing in terms of the cheese exports, with a CAGR of +9.2% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

In India, cheese exports increased at an average annual rate of +11.6% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, remaining stable against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2017 when the export price increased by 11% against the previous year. The level of export peaked at $X per ton in 2020, and then shrank modestly in the following year.

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

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +2.2% per year.

Cheese Imports

Imports in Southern Asia

In 2021, purchases abroad of cheese was finally on the rise to reach X tons after two years of decline. Over the period under review, imports enjoyed a strong increase. The pace of growth was the most pronounced in 2015 with an increase of 68% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, cheese imports rose sharply to $X in 2021. Total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -17.1% against 2018 indices. The pace of growth was the most pronounced in 2015 when imports increased by 42% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Afghanistan represented the largest importing country with an import of around X tons, which finished at 37% of total imports. Sri Lanka (X tons) ranks second in terms of the total imports with an 18% share, followed by Pakistan (9.2%), Maldives (8.8%), India (8.4%), Bhutan (7.5%) and Bangladesh (6.9%).

Afghanistan was also the fastest-growing in terms of the cheese imports, with a CAGR of +23.2% from 2012 to 2021. At the same time, Maldives (+20.4%), Bangladesh (+15.4%), Sri Lanka (+6.3%), India (+1.3%) and Bhutan (+1.2%) displayed positive paces of growth. By contrast, Pakistan (-1.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Afghanistan, Maldives and Bangladesh increased by +25, +5.2 and +2.8 percentage points, respectively.

In value terms, Afghanistan ($X), Sri Lanka ($X) and Maldives ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 58% of total imports.

Among the main importing countries, Maldives, with a CAGR of +20.0%, saw the highest growth rate of the value of imports, 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 2021, growing by 4.8% against the previous year. Overall, the import price, however, showed a pronounced slump. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bhutan (+1.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cheese in Southern Asia?

The country with the largest volume of cheese consumption was Afghanistan, accounting for 72% of total volume. Moreover, cheese consumption in Afghanistan exceeded the figures recorded by the second-largest consumer, Sri Lanka, eightfold. The third position in this ranking was occupied by Bangladesh, with a 5.6% share.

What are the largest producers of cheese in Southern Asia?

The country with the largest volume of cheese production was Afghanistan, comprising approx. 73% of total volume. Moreover, cheese production in Afghanistan exceeded the figures recorded by the second-largest producer, India, threefold.

What are the leading suppliers of cheese in Southern Asia?

In value terms, India remains the largest cheese supplier in Southern Asia.

What are the leading importers of cheese in Southern Asia?

In value terms, Sri Lanka, India and Pakistan were the countries with the highest levels of imports in 2021, together comprising 63% of total imports. Maldives, Afghanistan, Bangladesh and Nepal lagged somewhat behind, together comprising a further 32%.

What is the average export price for cheese in Southern Asia?

In 2021, the cheese export price in Southern Asia amounted to $4,860 per ton, therefore, remained relatively stable against the previous year.

What is the average import price for cheese in Southern Asia?

The cheese import price in Southern Asia stood at $4,728 per ton in 2021, rising by 3.9% against the previous year.

This report provides an in-depth analysis of the cheese market in Southern Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 901 - Cheese from Whole Cow Milk
FCL 904 - Cheese from Skimmed Cow Milk
FCL 905 - Whey Cheese
FCL 907 - Processed Cheese
FCL 955 - Cheese of Buffalo Milk
FCL 984 - Cheese of Sheep Milk
FCL 1021 - Cheese of Goat Milk

Country coverage:

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Southern Asia, split by region and country
Trade (exports and imports) in Southern Asia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Afghanistan
- Bangladesh
- Bhutan
- India
- Maldives
- Nepal
- Pakistan
- Sri Lanka
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023