U.S.: Cheese And Curd Market 2024

Cheese And Curd Market Size in the U.S.

The U.S. cheese and curd market was estimated at $X in 2022, almost unchanged from the previous year. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Cheese and curd consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Cheese And Curd Production in the U.S.

In value terms, cheese and curd production amounted to $X in 2022. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 12%. Cheese and curd production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Cheese And Curd Exports

Exports from the U.S.

Cheese and curd exports from the United States rose markedly to X tons in 2022, surging by 12% against 2021 figures. The total export volume increased at an average annual rate of +5.6% 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 2013 with an increase of 22%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, cheese and curd exports soared to $X in 2022. Overall, total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +89.9% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico (X tons), South Korea (X tons) and Japan (X tons) were the main destinations of cheese and curd exports from the United States, together accounting for 55% of total exports. Australia, Canada, Panama, Saudi Arabia, Guatemala, Chile, the Dominican Republic, Indonesia, the Philippines and Honduras lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the biggest increases were recorded for Guatemala (with a CAGR of +13.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cheese and curd exported from the United States were Mexico ($X), South Korea ($X) and Japan ($X), with a combined 54% share of total exports. Australia, Canada, Panama, Guatemala, the Dominican Republic, Saudi Arabia, Chile, Indonesia, Honduras and the Philippines lagged somewhat behind, together comprising a further 29%.

Guatemala, with a CAGR of +16.7%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cheese and curd export price stood at $X per ton in 2022, picking up by 13% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Canada ($X per ton) and Panama ($X per ton), while the average price for exports to Australia ($X per ton) and the Philippines ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Cheese And Curd Imports

Imports into the U.S.

In 2022, the amount of cheese and curd imported into the United States stood at X tons, remaining stable against 2021 figures. Overall, total imports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +2.1% 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 +62.7% against 2018 indices. The most prominent rate of growth was recorded in 2019 with an increase of 55% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, cheese and curd imports expanded notably to $X in 2022. The total import value increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

Italy (X tons), France (X tons) and the Netherlands (X tons) were the main suppliers of cheese and curd imports to the United States, with a combined 42% share of total imports. Spain, Switzerland, Ireland, the UK, Nicaragua, Greece, Mexico, Germany, Canada and Denmark lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +11.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of cheese and curd to the United States, comprising 28% of total imports. The second position in the ranking was held by France ($X), with a 12% share of total imports. It was followed by Switzerland, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value from Italy totaled +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+1.2% per year) and Switzerland (+5.7% per year).

Import Prices by Country

In 2022, the average cheese and curd import price amounted to $X per ton, rising by 5.5% against the previous year. Overall, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cheese and curd import price increased by +15.5% against 2020 indices. The growth pace was the most rapid in 2015 an increase of 26% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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