Asia-Pacific: Market for Processed cheese (excluding grated or powdered) 2024

Market Size for Processed cheese (excluding grated or powdered) in Asia-Pacific

The Asia-Pacific market for processed cheese (excluding grated or powdered) stood at $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in years to come.

Production of Processed cheese (excluding grated or powdered) in Asia-Pacific

In value terms, production of processed cheese (excluding grated or powdered) rose remarkably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, production of attained the peak level in 2022 and is likely to see steady growth in the near future.

Exports of Processed cheese (excluding grated or powdered)

Exports in Asia-Pacific

In 2022, exports of processed cheese (excluding grated or powdered) in Asia-Pacific declined notably to X tons, with a decrease of X% on the year before. Total exports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then shrank dramatically in the following year.

In value terms, exports of processed cheese (excluding grated or powdered) dropped rapidly to $X in 2022. Total exports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2015 indices. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then declined notably in the following year.

Exports by Country

In 2022, New Zealand (X tons) was the major exporter of processed cheese (excluding grated or powdered), achieving X% of total exports. It was distantly followed by Australia (X tons), achieving a X% share of total exports. The following exporters - Singapore (X tons), Malaysia (X tons), India (X tons), Vietnam (X tons) and Indonesia (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to processed cheese (excluding grated or powdered) exports from New Zealand stood at X%. At the same time, Vietnam (X%), Malaysia (X%), Singapore (X%), India (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Australia (X%) illustrated a downward trend over the same period. While the share of New Zealand (X p.p.), Malaysia (X p.p.), Singapore (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) remains the largest processed cheese (excluding grated or powdered) supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Australia ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual growth rate of value in New Zealand amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Australia (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Imports of Processed cheese (excluding grated or powdered)

Imports in Asia-Pacific

In 2022, overseas purchases of processed cheese (excluding grated or powdered) decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of X%. The volume of import peaked at X tons in 2021, and then fell in the following year.

In value terms, imports of processed cheese (excluding grated or powdered) rose modestly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Australia (X tons), China (X tons), Taiwan (Chinese) (X tons), Malaysia (X tons), Singapore (X tons), South Korea (X tons), Japan (X tons) and the Philippines (X tons) represented the main importer of processed cheese (excluding grated or powdered) in Asia-Pacific, committing X% of total import. Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest processed cheese (excluding grated or powdered) importing markets in Asia-Pacific were Australia ($X), China ($X) and Taiwan (Chinese) ($X), with a combined X% share of total imports.

In terms of the main importing countries, China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to see steady growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Singapore ($X per ton) and South Korea ($X per ton), while the Philippines ($X per ton) and Australia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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