Southern Asia: Market for Processed cheese (excluding grated or powdered) 2021

Market Size for Processed cheese (excluding grated or powdered) in Southern Asia

In 2020, the South Asian market for processed cheese (excluding grated or powdered) increased by X% to $X, rising for the third consecutive year after two years of decline. The total consumption indicated measured growth 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, consumption increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2008 when the market value increased by X% y-o-y. The level of consumption peaked in 2020 and is likely to see steady growth in years to come.

Production of Processed cheese (excluding grated or powdered) in Southern Asia

In value terms, production of processed cheese (excluding grated or powdered) reached $X in 2020 estimated in export prices. The total production indicated strong growth 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 2015 indices. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level in 2020 and is expected to retain growth in the near future.

Production By Country in Southern Asia

The countries with the highest volumes of production of processed cheese (excluding grated or powdered) in 2020 were India (X tons), Pakistan (X tons) and Bangladesh (X tons), with a combined X% share of total production.

From 2007 to 2020, the biggest increases were in Pakistan, while production of processed cheese (excluding grated or powdered) for the other leaders experienced more modest paces of growth.

Exports of Processed cheese (excluding grated or powdered)

Exports in Southern Asia

In 2020, overseas shipments of processed cheese (excluding grated or powdered) increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports continue to indicate a prominent expansion. 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) soared to $X in 2020. In general, exports posted prominent growth. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2020, India (X tons) represented the key exporter of processed cheese (excluding grated or powdered) in Southern Asia, generating X% of total export.

India 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, India ($X) also remains the largest processed cheese (excluding grated or powdered) supplier in Southern Asia.

In India, exports of processed cheese (excluding grated or powdered) expanded at an average annual rate of +X% over the period from 2007-2020.

Export Prices by Country

The export price for processed cheese (excluding grated or powdered) in Southern Asia stood at $X per ton in 2020, with an increase of X% against the previous year. Export price indicated a pronounced increase from 2007 to 2020: its price increased 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, export price for processed cheese (excluding grated or powdered) increased by +X% against 2012 indices. The pace of growth appeared the most rapid in 2008 when the export price increased by X% against the previous year. The level of export peaked in 2020 and is likely to see steady growth in the immediate term.

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

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

Imports of Processed cheese (excluding grated or powdered)

Imports in Southern Asia

In 2020, approx. X tons of processed cheese (excluding grated or powdered) were imported in Southern Asia; which is down by -X% against the year before. In general, imports, however, saw a slight increase. The pace of growth was the most pronounced in 2010 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2020, imports failed to regain the momentum.

In value terms, imports of processed cheese (excluding grated or powdered) shrank sharply to $X in 2020. Over the period under review, imports, however, enjoyed a mild increase. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. The level of import peaked at $X in 2018; however, from 2019 to 2020, imports remained at a lower figure.

Imports by Country

Pakistan represented the main importer of processed cheese (excluding grated or powdered) in Southern Asia, with the volume of imports reaching X tons, which was approx. X% of total imports in 2020. India (X tons) ranks second in terms of the total imports with a X% share, followed by Maldives (X%), Bhutan (X%), Afghanistan (X%) and Sri Lanka (X%). Bangladesh (X tons) held a minor share of total imports.

Imports into Pakistan increased at an average annual rate of +X% from 2007 to 2020. At the same time, Bangladesh (+X%), Maldives (+X%), India (+X%) and Afghanistan (+X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +X% from 2007-2020. By contrast, Bhutan (-X%) and Sri Lanka (-X%) illustrated a downward trend over the same period. Pakistan (+X p.p.), Maldives (+X p.p.), Bangladesh (+X p.p.) and India (+X p.p.) significantly strengthened its position in terms of the total imports, while Bhutan and Sri Lanka saw its share reduced by -X% and -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Pakistan ($X), India ($X) and Bhutan ($X) were the countries with the highest levels of imports in 2020, together comprising X% of total imports. Maldives, Afghanistan, Sri Lanka and Bangladesh lagged somewhat behind, together comprising a further X the main importing countries, Bangladesh 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

In 2020, the import price for processed cheese (excluding grated or powdered) in Southern Asia amounted to $X per ton, reducing by -X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when the import price increased by X% y-o-y. The level of import peaked at $X per ton in 2014; however, from 2015 to 2020, import prices failed to regain the momentum.

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

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

Source: IndexBox Platform

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