United Kingdom: Market for Processed cheese (excluding grated or powdered) 2021

Market Size for Processed cheese (excluding grated or powdered) in the UK

After two years of growth, the UK market for processed cheese (excluding grated or powdered) decreased by -X% to $X in 2020. Overall, consumption saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the market value increased by X% y-o-y. As a result, consumption reached the peak level of $X. From 2014 to 2020, the growth of the market remained at a lower figure.

Production of Processed cheese (excluding grated or powdered) in the UK

In value terms, production of processed cheese (excluding grated or powdered) reduced to $X in 2020 estimated in export prices. Over the period under review, production showed a abrupt shrinkage. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2007; however, from 2008 to 2020, production failed to regain the momentum.

Exports of Processed cheese (excluding grated or powdered)

Exports from the UK

In 2020, shipments abroad of processed cheese (excluding grated or powdered) increased by X% to X tons, rising for the fifth year in a row after five years of decline. Overall, exports, however, continue to indicate a pronounced decline. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, exports reached the peak figure at X tons in 2010; however, from 2011 to 2020, exports stood at a somewhat lower figure.

In value terms, exports of processed cheese (excluding grated or powdered) totaled $X in 2020. Over the period under review, exports, however, continue to indicate a pronounced decline. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. As a result, exports reached the peak of $X. From 2009 to 2020, the growth of exports failed to regain the momentum.

Exports by Country

France (X tons), Ireland (X tons) and Spain (X tons) were the main destinations of exports of processed cheese (excluding grated or powdered) from the UK, with a combined X% share of total exports. These countries were followed by Hong Kong SAR, Belgium, Malaysia and Sweden, which together accounted for a further X 2007 to 2020, the biggest increases were in Hong Kong SAR (+X% per year), while shipments 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 UK were Ireland ($X), France ($X) and Spain ($X), together comprising X% of total exports. These countries were followed by Hong Kong SAR, Belgium, Malaysia and Sweden, which together accounted for a further X Kong SAR (+X% per year) recorded the highest growth rate of 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, flattening at the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 an increase of X% against the previous year. As a result, export price attained the peak level of $X per ton. From 2009 to 2020, the growth in terms of the average export prices failed to regain the momentum.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Ireland ($X per ton), while the average price for exports to Malaysia ($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 France, while the prices for the other major destinations experienced a decline.

Imports of Processed cheese (excluding grated or powdered)

Imports into the UK

In 2020, overseas purchases of processed cheese (excluding grated or powdered) decreased by -X% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2020, imports remained at a lower figure.

In value terms, imports of processed cheese (excluding grated or powdered) expanded slightly to $X in 2020. The total import value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when imports increased by X% year-to-year. As a result, imports attained the peak of $X. From 2014 to 2020, the growth of imports remained at a lower figure.

Imports by Country

Belgium (X tons), Ireland (X tons) and France (X tons) were the main suppliers of imports of processed cheese (excluding grated or powdered) to the UK, with a combined X% share of total imports. The Netherlands, Germany, Poland and Austria lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland, while imports for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X), Belgium ($X) and France ($X) were the largest processed cheese (excluding grated or powdered) suppliers to the UK, with a combined X% share of total imports. These countries were followed by the Netherlands, Germany, Poland and Austria, which together accounted for a further X saw the highest growth rate of the value of imports, in terms of 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, increasing by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2020, import prices failed to regain the momentum.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Ireland, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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