Australia and Oceania: Cheese Market 2024

Cheese Market Size in Australia and Oceania

The cheese market in Australia and Oceania was finally on the rise to reach $X in 2022, after three years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Cheese Production in Australia and Oceania

In value terms, cheese production contracted modestly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Cheese Exports

Exports in Australia and Oceania

In 2022, the amount of cheese exported in Australia and Oceania reduced to X tons, which is down by X% on 2021 figures. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when exports increased by X%. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, cheese exports amounted to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.

Exports by Country

In 2022, New Zealand (X tons) was the largest exporter of cheese, achieving X% of total exports. It was distantly followed by Australia (X tons), mixing up a X% share of total exports.

New Zealand experienced a relatively flat trend pattern with regard to volume of exports of cheese. Australia (X%) illustrated a downward trend over the same period. New Zealand (X p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, New Zealand ($X) remains the largest cheese supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by Australia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in New Zealand amounted to X%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Cheese Imports

Imports in Australia and Oceania

After four years of decline, overseas purchases of cheese increased by X% to X tons in 2022. 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 was the most pronounced in 2015 with an increase of X%. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, cheese imports rose markedly 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 most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Australia prevails in imports structure, finishing at X tons, which was approx. X% of total imports in 2022. New Zealand (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by New Caledonia (X%). French Polynesia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to cheese imports into Australia stood at X%. At the same time, New Zealand (X%), New Caledonia (X%) and French Polynesia (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. While the share of New Zealand (X p.p.) increased significantly in terms of the total imports 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, Australia ($X) constitutes the largest market for imported cheese in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports. It was followed by New Caledonia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Australia stood at X%. In the other countries, the average annual rates were as follows: New Zealand (X% per year) and New Caledonia (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in French Polynesia ($X per ton) and New Caledonia ($X per ton), while Australia ($X per ton) and New Zealand ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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