U.S. - Processed Cheese (Excluding Grated Or Powdered) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Processed Cheese (Excluding Grated or Powdered) in the United States - 2023
Contents:
- Price for Processed Cheese (Excluding Grated or Powdered) in the United States (FOB) - 2023
- Price for Processed Cheese (Excluding Grated or Powdered) in the United States (CIF) - 2023
- Exports of Processed Cheese (Excluding Grated or Powdered) in the United States
- Imports of Processed Cheese (Excluding Grated or Powdered) in the United States
Price for Processed Cheese (Excluding Grated or Powdered) in the United States (FOB) - 2023
In November 2023, the average export price for processed cheese (excluding grated or powdered) amounted to $5,183 per ton, with a decrease of -2.8% against the previous month. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in February 2023 when the average export price increased by 5.4% m-o-m. Over the period under review, the average export prices reached the maximum at $5,530 per ton in December 2022; however, from January 2023 to November 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was Taiwan (Chinese) ($5,900 per ton), while the average price for exports to Saudi Arabia ($3,175 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Processed Cheese (Excluding Grated or Powdered) in the United States (CIF) - 2023
In November 2023, the average import price for processed cheese (excluding grated or powdered) amounted to $5,736 per ton, declining by -2.3% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.1%. The growth pace was the most rapid in December 2022 an increase of 25% against the previous month. Over the period under review, average import prices attained the peak figure at $6,249 per ton in January 2023; however, from February 2023 to November 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($6,701 per ton), while the price for Morocco ($4,180 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Italy (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Processed Cheese (Excluding Grated or Powdered) in the United States
In 2022, approx. 30K tons of processed cheese (excluding grated or powdered) were exported from the United States; with a decrease of -6% against the previous year's figure. The total export volume increased at an average annual rate of +1.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 17%. As a result, the exports attained the peak of 32K tons, and then fell in the following year.
In value terms, exports of processed cheese (excluding grated or powdered) amounted to $147M in 2022. The total export value increased at an average annual rate of +5.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 11%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Processed Cheese (Excluding Grated or Powdered) in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 18.5 | 24.9 | 23.1 | 23.8 | 8.8% |
| Mexico | 14.2 | 16.0 | 16.2 | 11.7 | -6.3% |
| Saudi Arabia | 6.3 | 4.6 | 7.9 | 10.9 | 20.0% |
| Australia | 4.4 | 6.3 | 10.8 | 10.7 | 34.5% |
| Guatemala | 7.9 | 5.6 | 6.5 | 9.7 | 7.1% |
| Taiwan (Chinese) | 12.0 | 12.0 | 11.5 | 8.4 | -11.2% |
| Colombia | 5.7 | 3.9 | 5.7 | 6.7 | 5.5% |
| Panama | 7.9 | 5.2 | 7.7 | 6.4 | -6.8% |
| Dominican Republic | 5.3 | 3.7 | 2.8 | 4.6 | -4.6% |
| Canada | 3.1 | 5.3 | 3.6 | 4.5 | 13.2% |
| Bahamas | 3.3 | 2.8 | 3.2 | 4.3 | 9.2% |
| Chile | 1.0 | 0.4 | 2.3 | 3.7 | 54.7% |
| Costa Rica | 2.7 | 1.5 | 2.2 | 3.2 | 5.8% |
| Others | 31.7 | 30.0 | 32.4 | 37.7 | 5.9% |
| Total | 124 | 122 | 136 | 147 | 5.8% |
Top Export Markets for Processed Cheese (Excluding Grated or Powdered) from the United States in 2022:
- South Korea (4.5K tons)
- Saudi Arabia (3.8K tons)
- Australia (2.3K tons)
- Mexico (2.3K tons)
- Guatemala (1.9K tons)
- Colombia (1.7K tons)
- Taiwan (Chinese) (1.6K tons)
- Panama (1.1K tons)
- Chile (0.8K tons)
- Dominican Republic (0.8K tons)
- Canada (0.7K tons)
- Bahamas (0.7K tons)
- Costa Rica (0.6K tons)
Imports of Processed Cheese (Excluding Grated or Powdered) in the United States
In 2022, imports of processed cheese (excluding grated or powdered) into the United States skyrocketed to 11K tons, with an increase of 24% compared with 2021 figures. In general, total imports indicated a prominent increase from 2019 to 2022: its volume 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 +66.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 35%. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, imports of processed cheese (excluding grated or powdered) soared to $58M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +13.4% 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 +74.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 38% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the near future.
| Import of Processed Cheese (Excluding Grated or Powdered) in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 10.3 | 4.7 | 7.8 | 12.2 | 5.8% |
| Morocco | 0.2 | N/A | 3.9 | 10.6 | 275.6% |
| Netherlands | 9.1 | 6.7 | 8.8 | 8.7 | -1.5% |
| Jamaica | 4.0 | 4.6 | 5.3 | 5.4 | 10.5% |
| Nicaragua | 1.4 | 2.2 | 3.5 | 3.9 | 40.7% |
| Switzerland | 2.0 | 2.3 | 3.3 | 3.4 | 19.3% |
| Germany | 3.4 | 2.0 | 2.5 | 2.9 | -5.2% |
| Bahrain | N/A | N/A | 0.5 | 2.7 | 440.0% |
| India | 0.8 | 2.7 | 1.2 | 2.6 | 48.1% |
| Poland | 1.4 | 1.1 | 1.5 | 0.7 | -20.6% |
| Mexico | 0.9 | 1.0 | 0.8 | 0.5 | -17.8% |
| Denmark | 2.2 | 1.5 | 1.3 | 0.3 | -48.5% |
| Others | 3.9 | 4.4 | 5.8 | 4.4 | 4.1% |
| Total | 39.8 | 33.3 | 46.1 | 58.0 | 13.4% |
Top Suppliers of Processed Cheese (Excluding Grated or Powdered) to the United States in 2022:
- France (2439.8 tons)
- Morocco (2133.9 tons)
- Netherlands (1922.5 tons)
- Nicaragua (833.4 tons)
- Jamaica (569.4 tons)
- Switzerland (565.2 tons)
- Bahrain (445.7 tons)
- Germany (439.2 tons)
- India (386.5 tons)
- Mexico (161.4 tons)
- Poland (145.2 tons)
- Denmark (58.7 tons)
This report provides an in-depth analysis of the market for processed cheese (excluding grated or powdered) in the U.S.. 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 10514070 - Processed cheese (excluding grated or powdered)
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
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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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