Price for Cheese of All Kinds, Grated or Powdered in South Korea - 2022

Contents:

  1. Price for Cheese of All Kinds, Grated or Powdered in South Korea (CIF) - 2022
  2. Price for Cheese of All Kinds, Grated or Powdered in South Korea (FOB) - 2022
  3. Imports of Cheese of All Kinds, Grated or Powdered in South Korea
  4. Exports of Cheese of All Kinds, Grated or Powdered in South Korea

Price for Cheese of All Kinds, Grated or Powdered in South Korea (CIF) - 2022

The average import price for cheese of all kinds, grated or powdered stood at $5,512 per ton in December 2022, shrinking by -1.8% against the previous month. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 an increase of 13% month-to-month. Over the period under review, average import prices reached the maximum at $6,043 per ton in May 2022; however, from June 2022 to December 2022, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Australia ($12,590 per ton), while the price for the United States ($4,531 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cheese of All Kinds, Grated or Powdered in South Korea (FOB) - 2022

The average export price for cheese of all kinds, grated or powdered stood at $7,716 per ton in 2022, surging by 14% against the previous year. Over the period under review, the export price, however, saw a pronounced slump. The growth pace was the most rapid in 2021 an increase of 18%. The export price peaked at $9,887 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Mongolia ($10,739 per ton), while the average price for exports to the Philippines ($7,404 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 (+27.0%), while the prices for the other major destinations experienced a decline.

Imports of Cheese of All Kinds, Grated or Powdered in South Korea

In 2022, the amount of cheese of all kinds, grated or powdered imported into South Korea shrank to 8.7K tons, waning by -2.6% compared with 2021. Overall, imports recorded a mild contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 3.6% against the previous year.

In value terms, imports of cheese of all kinds, grated or powdered rose to $50M in 2022. The total import value increased at an average annual rate of +9.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 17% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Import of Cheese of All Kinds, Grated or Powdered in South Korea (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States28.131.934.935.88.4%
Denmark4.25.05.14.73.8%
Italy1.92.22.73.522.6%
New Zealand1.33.13.52.727.6%
Australia1.31.61.71.811.5%
Netherlands0.90.71.01.210.1%
Others0.50.10.10.1-41.5%
Total38.244.649.149.89.2%

Top Suppliers of Cheese of All Kinds, Grated or Powdered to South Korea in 2022:

  1. United States (6.9K tons)
  2. New Zealand (0.6K tons)
  3. Denmark (0.5K tons)
  4. Italy (0.3K tons)
  5. Netherlands (0.2K tons)
  6. Australia (0.2K tons)

Exports of Cheese of All Kinds, Grated or Powdered in South Korea

For the third consecutive year, South Korea recorded decline in shipments abroad of cheese of all kinds, grated or powdered, which decreased by -26.2% to 14 tons in 2022. Over the period under review, exports continue to indicate a sharp contraction. The smallest decline of -20.3% was in 2021.

In value terms, exports of cheese of all kinds, grated or powdered dropped rapidly to $112K in 2022. In general, exports faced a abrupt curtailment. The smallest decline of -5.7% was in 2021.

Export of Cheese of All Kinds, Grated or Powdered in South Korea (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Philippines2.26.836.673.3221.8%
Vietnam49.070.443.531.6-13.6%
Mongolia4.55.35.75.35.6%
Thailand12.714.911.9N/A-3.2%
China55.54.98.2N/A-61.6%
Japan21.123.217.4N/A-9.2%
United Arab Emirates3.02.81.8N/A-22.5%
Myanmar9.13.72.8N/A-44.5%
Others4.98.34.41.7-29.7%
Total162140132112-11.6%

Top Export Markets for Cheese of All Kinds, Grated or Powdered from South Korea in 2022:

  1. Philippines (9.9 tons)
  2. Vietnam (4.0 tons)
  3. Mongolia (0.5 tons)

Source: IndexBox Market Intelligence Platform

Store
Blog
Event
Republic of Korea - Grated, Powdered and Blue-Veined Cheese - Market Analysis, Forecast, Size, Trends And Insights
$599
May 1, 2024
Eye 281

This report provides an in-depth analysis of the market for grated and blue cheese in Republic of Korea.

Republic of Korea - Cheese - Market Analysis, Forecast, Size, Trends and Insights
$599
May 1, 2024
Eye 833

This report provides an in-depth analysis of the cheese market in Republic of Korea.

Republic of Korea - Unripened or Uncured Cheese - Market Analysis, Forecast, Size, Trends And Insights
$599
May 1, 2024
Eye 365

This report provides an in-depth analysis of the uncured cheese market in Republic of Korea.

Republic of Korea - Processed Cheese (Excluding Grated Or Powdered) - Market Analysis, Forecast, Size, Trends And Insights
$599
May 1, 2024
Eye 404

This report provides an in-depth analysis of the market for processed cheese (excluding grated or powdered) in Republic of Korea.

Republic of Korea - Cheese and Curd - Market Analysis, Forecast, Size, Trends And Insights
$599
May 1, 2024
Eye 427

This report provides an in-depth analysis of the cheese and curd market in Republic of Korea.

World - Grated, Powdered and Blue-Veined Cheese - Market Analysis, Forecast, Size, Trends And Insights
$599
May 1, 2024
Eye 454

This report provides an in-depth analysis of the global market for grated and blue cheese.

World - Cheese - Market Analysis, Forecast, Size, Trends and Insights
$599
May 1, 2024
Eye 7134

This report provides an in-depth analysis of the global cheese market.

World - Unripened or Uncured Cheese - Market Analysis, Forecast, Size, Trends And Insights
$599
May 1, 2024
Eye 807

This report provides an in-depth analysis of the global uncured cheese market.

World - Processed Cheese (Excluding Grated Or Powdered) - Market Analysis, Forecast, Size, Trends And Insights
$599
May 1, 2024
Eye 774

This report provides an in-depth analysis of the global market for processed cheese (excluding grated or powdered).

World - Cheese and Curd - Market Analysis, Forecast, Size, Trends And Insights
$599
May 1, 2024
Eye 690

This report provides an in-depth analysis of the global cheese and curd market.

Cheese Market to Grow Notably with Rising Popularity of Low-Fat Types
Jan 19, 2023
Eye 505

The global cheese market is forecast to reach a value of $123.2 billion by 2030, growing at a CAGR of around 4.2% during 2022-2030.

Global Cheese Market Hit Record Highs But Is to Lose Momentum Against the Pandemic
Sep 10, 2020
Eye 575

In 2019, the global cheese market increased by 2.3% to $114.1B, rising for the third year in a row after two years of...

Global Cheese Market 2019 - Germany Emerges As the Largest Exporter
Jul 17, 2019
Eye 1053

The global cheese market revenue amounted to $111.7B in 2018, going up by 3.2% against the previous year. This figure refl...

Global Cheese Market Reached 93,4B USD in 2015
May 30, 2017
Eye 1281

In 2015, the cheese market was estimated at X thousand tons.

Which Countries Consume the Most Cheese?
Feb 24, 2017
Eye 1967

From 2007 to 2015, the global cheese market showed an upward trend. In 2015, the cheese market was estimated at X thousand tons. In value terms, the cheese market value seesawed due to price fluctuations. It stood at X million USD, which wa

Which Countries Produce the Most Cheese?
Feb 17, 2017
Eye 11772

Global cheese market production was estimated at X million USD in 2015, a decrease of X million USD (X%) against 2014. In physical terms, the production of cheese was estimated at X million USD in 2015, which was X million USD (X%) mo

Which Countries Export the Most Cheese?
Feb 8, 2017
Eye 1499

From 2007 to 2015, global cheese exports increased by +X% per year, amounting to X billion USD in 2015. In physical terms, exports on the global cheese market reached X thousand tons in 2015, an increase of X thousand tons against the pr

Which Countries Import the Most Cheese?
Feb 2, 2017
Eye 3456

The total value of global cheese imports in 2015 stood at X billion USD. There was an annual increase of +X% for the period from 2007 to 2015. In physical terms, cheese imports reached X thousand tons in 2015, an increase of X thousand ton

Cheese Market - USA Intensifies Its Exports of Cheese and Curd in a Slow Market
Oct 25, 2016
Eye 1916

The global trade in cheese and curd amounted to X million USD in 2015, showing notable fluctuations over the period under review. A significant drop in 2009 was followed by recovery over the next two years, until expor

Germany Maintained Strong Positions in the Global Cheese Exports in 2014
Oct 18, 2015
Eye 1447

Germany continued its dominance in the global cheese trade. In 2014, Germany exported X thousand tons of cheese totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total chee

Free Data: Dairy produce; cheese of all kinds, grated or powdered - South Korea