Republic of Korea - Grated, Powdered and Blue-Veined Cheese - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Grated and Blue Cheese in South Korea - 2022
Contents:
- Price for Grated and Blue Cheese in South Korea (CIF) - 2022
- Price for Grated and Blue Cheese in South Korea (FOB) - 2022
- Imports of Grated and Blue Cheese in South Korea
- Exports of Grated and Blue Cheese in South Korea
Price for Grated and Blue Cheese in South Korea (CIF) - 2022
The average grated and blue cheese import price stood at $6,185 per ton in December 2022, with an increase of 1.7% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.5%. The pace of growth appeared the most rapid in March 2022 when the average import price increased by 6.9% m-o-m. The import price peaked in December 2022.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was France ($14,601 per ton), while the price for the United States ($5,011 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 Poland (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Grated and Blue Cheese in South Korea (FOB) - 2022
In 2022, the average grated and blue cheese export price amounted to $10,041 per ton, picking up by 17% against the previous year. In general, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 an increase of 54% against the previous year. Over the period under review, the average export prices reached the peak figure at $11,228 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($14,671 per ton), while the average price for exports to Japan ($6,051 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 Vietnam (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Grated and Blue Cheese in South Korea
In 2022, grated and blue cheese imports into South Korea rose slightly to 48K tons, with an increase of 2.9% compared with the year before. The total import volume increased at an average annual rate of +11.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 expected to retain growth in the near future.
In value terms, grated and blue cheese imports skyrocketed to $267M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +17.7% 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 +62.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 19% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Grated and Blue Cheese in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 58.1 | 66.7 | 86.6 | 88.5 | 15.1% |
| United States | 44.2 | 51.2 | 67.0 | 86.0 | 24.8% |
| Netherlands | 12.9 | 15.1 | 17.7 | 19.9 | 15.5% |
| Italy | 10.3 | 12.1 | 14.7 | 17.5 | 19.3% |
| Australia | 9.6 | 11.9 | 11.5 | 13.5 | 12.0% |
| Chile | 3.6 | 3.6 | 1.4 | 7.8 | 29.4% |
| Poland | 3.6 | 6.4 | 4.2 | 7.1 | 25.4% |
| Germany | 7.9 | 10.5 | 5.2 | 7.0 | -4.0% |
| Others | 13.8 | 17.3 | 20.0 | 19.6 | 12.4% |
| Total | 164 | 195 | 228 | 267 | 17.6% |
Top Suppliers of Grated and Blue Cheese to South Korea in 2022:
- United States (17.1K tons)
- New Zealand (16.9K tons)
- Netherlands (3.8K tons)
- Australia (2.2K tons)
- Poland (1.8K tons)
- Chile (1.7K tons)
- Italy (1.5K tons)
- Germany (1.2K tons)
Exports of Grated and Blue Cheese in South Korea
In 2022, overseas shipments of grated, powdered and blue-veined cheese decreased by -4.6% to 180 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 111% against the previous year. As a result, the exports attained the peak of 188 tons, and then reduced slightly in the following year.
In value terms, grated and blue cheese exports rose markedly to $1.8M in 2022. Over the period under review, exports, however, posted significant growth. The growth pace was the most rapid in 2021 with an increase of 109% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Grated and Blue Cheese in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 57.4 | 138 | 421 | 884 | 148.8% |
| China | 406 | 203 | 435 | 454 | 3.8% |
| Japan | 7.2 | 88.6 | 276 | 181 | 192.9% |
| Philippines | 10.0 | 12.6 | 95.6 | 104 | 118.3% |
| United States | 2.1 | 70.0 | 188 | 104 | 267.2% |
| Hong Kong SAR | 60.9 | 38.6 | 107 | 37.8 | -14.7% |
| Taiwan (Chinese) | 218 | 178 | 46.0 | 1.1 | -82.8% |
| Others | 25.5 | 45.1 | 49.6 | 39.9 | 16.1% |
| Total | 787 | 774 | 1,619 | 1,806 | 31.9% |
Top Export Markets for Grated and Blue Cheese from South Korea in 2022:
- Vietnam (68.1 tons)
- China (52.0 tons)
- Japan (29.9 tons)
- Philippines (15.0 tons)
- United States (7.1 tons)
- Hong Kong SAR (4.6 tons)
- Taiwan (Chinese) (0.1 tons)
This report provides an in-depth analysis of the market for grated and blue cheese in Republic of Korea. 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:
- Prodcom 10514050 - Grated, powdered, blue-veined and other non-processed cheese (excluding fresh cheese, whey cheese and curd)
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the market for grated and blue cheese in Republic of Korea.
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