U.S.: Market for Processed cheese (excluding grated or powdered) 2021

Market Size for Processed cheese (excluding grated or powdered) in the U.S.

After three years of growth, the U.S. market for processed cheese (excluding grated or powdered) decreased by -X% to $X in 2020. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Consumption peaked at $X in 2019, and then shrank in the following year.

Production of Processed cheese (excluding grated or powdered) in the U.S.

In value terms, production of processed cheese (excluding grated or powdered) shrank to $X in 2020. The total output value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% year-to-year. Production peaked at $X in 2019, and then fell in the following year.

Exports of Processed cheese (excluding grated or powdered)

Exports from the U.S.

In 2020, overseas shipments of processed cheese (excluding grated or powdered) were finally on the rise to reach X tons for the first time since 2017, thus ending a two-year declining trend. Over the period under review, total exports indicated a strong expansion from 2007 to 2020: its volume 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. As a result, exports reached 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, total exports indicated a remarkable increase from 2007 to 2020: its value 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, exports increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2010 when exports increased by X% year-to-year. Over the period under review, exports hit record highs in 2020 and are expected to retain growth in the near future.

Exports by Country

South Korea (X tons), Mexico (X tons) and Taiwan (Chinese) (X tons) were the main destinations of exports of processed cheese (excluding grated or powdered) from the U.S., with a combined X% share of total exports. Saudi Arabia, Australia, Guatemala, Panama, Colombia, Canada, the Dominican Republic, Hong Kong SAR, Peru and Bahamas lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for processed cheese (excluding grated or powdered) exported from the U.S. were South Korea ($X), Mexico ($X) and Taiwan (Chinese) ($X), together accounting for X% of total exports.

Taiwan (Chinese) saw the highest rates of growth with regard to the value of exports, in terms of 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

In 2020, the average export price for processed cheese (excluding grated or powdered) amounted to $X per ton, declining by -X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of X% year-to-year. The export price peaked at $X per ton in 2019, and then fell in the following year.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Peru, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Processed cheese (excluding grated or powdered)

Imports into the U.S.

In 2020, imports of processed cheese (excluding grated or powdered) into the U.S. contracted significantly to X tons, with a decrease of -X% on 2019 figures. Overall, imports saw a pronounced descent. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2007; however, from 2008 to 2020, imports remained at a lower figure.

In value terms, imports of processed cheese (excluding grated or powdered) declined to $X in 2020. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019, and then dropped in the following year.

Imports by Country

The Netherlands (X tons), France (X tons) and Nicaragua (X tons) were the main suppliers of imports of processed cheese (excluding grated or powdered) to the U.S., together comprising X% of total imports. These countries were followed by Jamaica, Switzerland, India, Germany, Mexico, Denmark, Egypt, Poland and Australia, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), France ($X) and Jamaica ($X) constituted the largest processed cheese (excluding grated or powdered) suppliers to the U.S., with a combined X% share of total imports. These countries were followed by India, Switzerland, Nicaragua, Germany, Denmark, Poland, Mexico, Egypt and Australia, which together accounted for a further X recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for processed cheese (excluding grated or powdered) stood at $X per ton in 2020, jumping by X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Poland ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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