Asia: Cheese Market 2024

Cheese Market Size in Asia

The Asian cheese market shrank slightly to $X in 2022, reducing by X% against the previous year. The total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Cheese Production in Asia

In value terms, cheese production declined to $X in 2022 estimated in export price. In general, production showed a resilient expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Cheese Exports

Exports in Asia

In 2022, shipments abroad of cheese increased by X% to X tons, rising for the sixth consecutive year after two years of decline. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of export peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, cheese exports rose notably to $X in 2022. Total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

The biggest shipments were from Bahrain (X tons), Saudi Arabia (X tons), Turkey (X tons) and Cyprus (X tons), together finishing at X% of total export. It was distantly followed by the United Arab Emirates (X tons), making up an X% share of total exports. The following exporters - India (X tons) and Iran (X tons) - each resulted at a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Iran (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Bahrain ($X), Cyprus ($X) and Saudi Arabia ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Turkey, the United Arab Emirates, India and Iran lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the export price increased by X%. The level of export peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced more modest paces of growth.

Cheese Imports

Imports in Asia

After ten years of growth, supplies from abroad of cheese decreased by X% to X tons in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2012 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2021, and then dropped slightly in the following year.

In value terms, cheese imports amounted to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; 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%. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

The purchases of the five major importers of cheese, namely Japan, Saudi Arabia, South Korea, China and Iraq, represented more than half of total import. It was distantly followed by the United Arab Emirates (X tons), generating a X% share of total imports. The following importers - the Philippines (X tons), Oman (X tons), Kuwait (X tons), Taiwan (Chinese) (X tons), Malaysia (X tons), Kazakhstan (X tons) and Yemen (X tons) - together made up X% of total imports.

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

In value terms, the largest cheese importing markets in Asia were Japan ($X), South Korea ($X) and China ($X), together comprising X% of total imports.

In terms of the main importing countries, China, with a CAGR of X%, recorded 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

The import price in Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kuwait ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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