Australia: Cheese And Curd Market 2023

Cheese And Curd Market Size in Australia

After five years of growth, the Australian cheese and curd market decreased by -2% to $X in 2021. The market value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Cheese and curd consumption peaked at $X in 2020, and then declined modestly in the following year.

Cheese And Curd Production in Australia

In value terms, cheese and curd production stood at $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 24%. As a result, production attained the peak level of $X; afterwards, it flattened through to 2021.

Cheese And Curd Exports

Exports from Australia

In 2021, shipments abroad of cheese and curd was finally on the rise to reach X tons after three years of decline. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 12%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, cheese and curd exports expanded notably to $X in 2021. Overall, exports, however, continue to indicate a slight setback. The most prominent rate of growth was recorded in 2017 with an increase of 15% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons) was the main destination for cheese and curd exports from Australia, accounting for a 37% share of total exports. Moreover, cheese and curd exports to Japan exceeded the volume sent to the second major destination, China (X tons), twofold. Malaysia (X tons) ranked third in terms of total exports with a 7.2% share.

From 2012 to 2021, the average annual growth rate of volume to Japan stood at -5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+13.1% per year) and Malaysia (+7.6% per year).

In value terms, Japan ($X) remains the key foreign market for cheese and curd exports from Australia, comprising 35% of total exports. The second position in the ranking was held by China ($X), with a 16% share of total exports. It was followed by Malaysia, with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value to Japan amounted to -6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+12.0% per year) and Malaysia (+5.7% per year).

Export Prices by Country

In 2021, the average cheese and curd export price amounted to $X per ton, surging by 5.5% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2021, the countries with the highest prices were Indonesia ($X per ton) and Singapore ($X per ton), while the average price for exports to China ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.

Cheese And Curd Imports

Imports into Australia

In 2021, approx. X tons of cheese and curd were imported into Australia; approximately mirroring 2020 figures. The total import volume increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 14% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, cheese and curd imports rose markedly to $X in 2021. The total import value increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 30% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

New Zealand (X tons), the United States (X tons) and Italy (X tons) were the main suppliers of cheese and curd imports to Australia, together accounting for 75% of total imports. The Netherlands, Denmark, France, Germany, Greece, Cyprus, the UK and Bulgaria lagged somewhat behind, together comprising a further 19%.

From 2012 to 2021, the biggest increases were in the UK (with a CAGR of +17.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X), the United States ($X) and Italy ($X) constituted the largest cheese and curd suppliers to Australia, together comprising 63% of total imports. France, Denmark, the Netherlands, Germany, Greece, the UK, Cyprus and Bulgaria lagged somewhat behind, together accounting for a further 30%.

In terms of the main suppliers, the UK, with a CAGR of +18.8%, 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

In 2021, the average cheese and curd import price amounted to $X per ton, surging by 5.8% 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 2018 when the average import price increased by 16%. Over the period under review, average import prices hit record highs in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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