China - Cheese - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

China - Cheese - Market Analysis, Forecast, Size, Trends and Insights

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Cheese Price in China - 2023

Contents:

  1. Cheese Price in China (CIF) - 2023
  2. Cheese Price in China (FOB) - 2022
  3. Cheese Imports in China
  4. Cheese Exports in China

Cheese Price in China (CIF) - 2023

In June 2023, the average cheese import price amounted to $5,348 per ton, shrinking by -5.4% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in September 2022 when the average import price increased by 6.8% m-o-m. Over the period under review, average import prices hit record highs at $5,704 per ton in March 2023; however, from April 2023 to June 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In June 2023, the highest price was recorded for prices from Italy ($6,692 per ton) and the United States ($6,238 per ton), while the price for Denmark ($4,725 per ton) and Australia ($4,859 per ton) were amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Italy (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Cheese Price in China (FOB) - 2022

In 2022, the average cheese export price amounted to $10,796 per ton, rising by 12% against the previous year. Overall, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cheese export price increased by +102.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 80%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($29,477 per ton), while the average price for exports to Pakistan ($3,719 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+130.6%), while the prices for the other major destinations experienced more modest paces of growth.

Cheese Imports in China

After three years of growth, overseas purchases of cheese decreased by -17.4% to 145K tons in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +8.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +26.7% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 36% against the previous year. As a result, imports reached the peak of 176K tons, and then reduced markedly in the following year.

In value terms, cheese imports dropped to $769M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +13.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.4% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 38% against the previous year. As a result, imports attained the peak of $813M, and then dropped in the following year.

Import of Cheese in China (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
New Zealand28431340942714.6%
Australia71.871.910895.610.0%
Italy23.425.541.349.027.9%
Denmark24.835.764.243.120.2%
France24.130.445.233.912.0%
United States36.737.245.130.9-5.6%
Ireland10.312.512.49.8-1.6%
Others46.663.688.180.119.8%
Total52259081376913.8%

Top Suppliers of Cheese to China in 2022:

  1. New Zealand (84.2K tons)
  2. Australia (21.2K tons)
  3. Italy (8.0K tons)
  4. Denmark (7.4K tons)
  5. France (5.1K tons)
  6. United States (5.1K tons)
  7. Ireland (2.1K tons)

Cheese Exports in China

In 2022, overseas shipments of cheese decreased by -36.9% to 106 tons, falling for the second consecutive year after two years of growth. Overall, exports saw a pronounced contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 206%. As a result, the exports attained the peak of 365 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, cheese exports reduced rapidly to $1.1M in 2022. Over the period under review, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 114%. As a result, the exports attained the peak of $1.9M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Cheese in China (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Bangladesh21.7156407354153.6%
Thailand51.811525220658.4%
Singapore28.416.554.212764.8%
PhilippinesN/AN/A0.177.076900.0%
United StatesN/AN/A2.772.82596.3%
South Korea30.458.172.172.233.4%
PakistanN/AN/A11.471.0522.8%
Hong Kong SAR499N/AN/AN/A0%
Panama48.50.9N/AN/A-98.1%
Bahamas44.9N/AN/AN/A0%
MongoliaN/A40.424.6N/A-39.1%
Oman138N/AN/AN/A0%
Others42.41,55479617058.9%
Total9061,9411,6201,1498.2%

Top Export Markets for Cheese from China in 2022:

  1. Bangladesh (30.1 tons)
  2. Thailand (21.2 tons)
  3. Pakistan (19.1 tons)
  4. United States (6.9 tons)
  5. Philippines (6.8 tons)
  6. South Korea (6.0 tons)
  7. Singapore (4.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the cheese market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 901 - Cheese from Whole Cow Milk
  • FCL 904 - Cheese from Skimmed Cow Milk
  • FCL 905 - Whey Cheese
  • FCL 907 - Processed Cheese
  • FCL 955 - Cheese of Buffalo Milk
  • FCL 984 - Cheese of Sheep Milk
  • FCL 1021 - Cheese of Goat Milk

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in China
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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