Switzerland: Cheese And Curd Market 2024

Cheese And Curd Market Size in Switzerland

The Swiss cheese and curd market stood at $X in 2022, increasing by 3.3% against the previous year. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2022.

Cheese And Curd Production in Switzerland

In value terms, cheese and curd production reached $X in 2022 estimated in export price. Over the period under review, production continues to indicate a slight increase. The most prominent rate of growth was recorded in 2020 with an increase of 9.6%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Cheese And Curd Exports

Exports from Switzerland

After ten years of growth, shipments abroad of cheese and curd decreased by -6.7% to X tons in 2022. The total export volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 7.5%. As a result, the exports attained the peak of X tons, and then contracted in the following year.

In value terms, cheese and curd exports declined to $X in 2022. The total export value increased at an average annual rate of +2.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 12% against the previous year. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

Germany (X tons) was the main destination for cheese and curd exports from Switzerland, with a 44% share of total exports. Moreover, cheese and curd exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), threefold. The third position in this ranking was held by the United States (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-0.6% per year) and the United States (+4.2% per year).

In value terms, Germany ($X) remains the key foreign market for cheese and curd exports from Switzerland, comprising 40% of total exports. The second position in the ranking was held by the United States ($X), with a 16% share of total exports. It was followed by Italy, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+6.0% per year) and Italy (+0.0% per year).

Export Prices by Country

In 2022, the average cheese and curd export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 8.5% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.

Cheese And Curd Imports

Imports into Switzerland

After two years of growth, purchases abroad of cheese and curd decreased by -3.5% to X tons in 2022. The total import volume increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 24% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then reduced in the following year.

In value terms, cheese and curd imports contracted modestly to $X in 2022. The total import value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 11%. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

Italy (X tons), Germany (X tons) and France (X tons) were the main suppliers of cheese and curd imports to Switzerland, together accounting for 80% of total imports. The Netherlands, Denmark, Greece, Austria, the UK and Belgium lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +22.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of cheese and curd to Switzerland, comprising 43% of total imports. The second position in the ranking was taken by France ($X), with a 22% share of total imports. It was followed by Germany, with an 18% share.

From 2012 to 2022, the average annual growth rate of value from Italy amounted to +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-1.4% per year) and Germany (+6.3% per year).

Import Prices by Country

In 2022, the average cheese and curd import price amounted to $X per ton, picking up by 2.1% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 16% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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