Germany Overtook France in Exports of Cheese in 2014, $5.1B vs. $4.0B
Dairy Products June 15, 2015
In 2014, Germany and France were the main global suppliers of cheese with a combined share of 34.0% of global exports. However, Germany dominated in global cheese trade. In 2014, Germany supplied 23.3% of its total cheese exports into Italy, accounting for 49.1% of total Italy's imports.
Global cheese trade reached 27.0 billion USD, with a CAGR of 2.8% from 2007 to 2014. In physical terms, it showed steady growth, rising from 4.9 million tonnes in 2007 to 5.1 million tonnes in 2014.
In 2014, Germany (18.1%), Italy (9.6%), the United Kingdom (9.4%), France (7.0%) and Belgium (6.2%) were the leading destinations of cheese imports, together making up 50.3% of global imports. The share of Germany increased significantly (+4.7 percentage points). The shares of the other countries also showed positive dynamics throughout the analyzed period.
The fastest growing exporters from 2007 to 2014 were the U.S. (+23.3% per year) and Belarus (+14.2% per year). The U.S. significantly strengthened its position in the global exports structure, from 1.8% in 2007 to 6.3% in 2014.
Source: World: Cheese - Market Report. Analysis And Forecast To 2020
