Philippines - Unripened or Uncured Cheese - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUncured Cheese Price in the Philippines - 2023
Contents:
- Uncured Cheese Price in the Philippines (CIF) - 2022
- Uncured Cheese Price in the Philippines (FOB) - 2022
- Uncured Cheese Imports in the Philippines
- Uncured Cheese Exports in the Philippines
Uncured Cheese Price in the Philippines (CIF) - 2022
In 2022, the average uncured cheese import price amounted to $4,599 per ton, picking up by 15% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The import price peaked at $4,688 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Argentina ($4,599 per ton) and Australia ($4,599 per ton), while the price for Uruguay ($4,599 per ton) and Germany ($4,599 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Uncured Cheese Price in the Philippines (FOB) - 2022
The average uncured cheese export price stood at $4,223 per ton in 2022, remaining constant against the previous year. Over the period under review, the export price continues to indicate a slight descent. The growth pace was the most rapid in 2015 an increase of 316%. As a result, the export price reached the peak level of $5,180 per ton. From 2016 to 2022, the average export prices remained 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 ($4,445 per ton), while the average price for exports to Timor-Leste stood at $62 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+12.4%), while the prices for the other major destinations experienced mixed trend patterns.
Uncured Cheese Imports in the Philippines
For the fourth year in a row, the Philippines recorded growth in overseas purchases of unripened or uncured cheese, which increased by 17% to 19K tons in 2022. The total import volume increased at an average annual rate of +9.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, uncured cheese imports soared to $90M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +17.2% 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 +60.8% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Uncured Cheese in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 17.5 | 15.1 | 24.6 | 31.8 | 22.0% |
| United States | 15.8 | 16.8 | 11.7 | 17.7 | 3.9% |
| Denmark | 5.8 | 8.1 | 10.5 | 16.0 | 40.2% |
| Australia | 7.9 | 9.7 | 11.5 | 13.8 | 20.4% |
| Argentina | 0.4 | N/A | N/A | 2.2 | 76.5% |
| Germany | 1.9 | 2.1 | 1.6 | 2.1 | 3.4% |
| Uruguay | 2.0 | 1.3 | 1.2 | 1.9 | -1.7% |
| Poland | 1.7 | 1.7 | 1.9 | 0.7 | -25.6% |
| Others | 2.9 | 7.5 | 3.4 | 3.3 | 4.4% |
| Total | 55.8 | 62.4 | 66.5 | 89.7 | 17.1% |
Top Suppliers of Uncured Cheese to the Philippines in 2022:
- New Zealand (6.9K tons)
- United States (3.8K tons)
- Denmark (3.5K tons)
- Australia (3.0K tons)
- Germany (0.5K tons)
- Argentina (0.5K tons)
- Uruguay (0.4K tons)
- Poland (0.2K tons)
Uncured Cheese Exports in the Philippines
In 2022, after two years of growth, there was significant decline in overseas shipments of unripened or uncured cheese, when their volume decreased by -39.1% to 2.4 tons. In general, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 345% against the previous year. As a result, the exports attained the peak of 4 tons, and then contracted significantly in the following year.
In value terms, uncured cheese exports contracted significantly to $10K in 2022. Overall, exports, however, recorded a significant increase. The growth pace was the most rapid in 2021 when exports increased by 368% against the previous year. As a result, the exports reached the peak of $17K, and then contracted dramatically in the following year.
| Export of Uncured Cheese in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| United States | 3.6 | 14.9 | 10.1 | 67.5% | |
| Timor-Leste | N/A | N/A | N/A | 0% | |
| Others | N/A | 2.0 | 0.1 | -95.0% | |
| Total | 3.6 | 16.9 | 10.2 | 68.3% | |
Top Export Markets for Uncured Cheese from the Philippines in 2022:
- United States (2266.0 kg)
- Timor-Leste (130.0 kg)
This report provides an in-depth analysis of the uncured cheese market in the Philippines. 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 10514030 - Unripened or uncured cheese (fresh cheese) (including whey cheese and curd)
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- 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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