Australia: Cheese And Curd Market Overview 2021

Cheese And Curd Market Size in Australia

In 2019, the Australian cheese and curd market increased by X% to $X, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when the market value increased by X% against the previous year. Over the period under review, the market reached the peak level in 2019 and is expected to retain growth in years to come.

Cheese And Curd Production in Australia

In value terms, cheese and curd production declined to $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. As a result, production attained the peak level of $X; afterwards, it flattened through to 2019.

Cheese And Curd Exports

Exports from Australia

In 2019, the amount of cheese and curd exported from Australia declined to X tonnes, with a decrease of -X% compared with the previous year's figure. Overall, exports showed a slight shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

In value terms, cheese and curd exports declined to $X in 2019. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, exports attained the peak figure at $X in 2011; however, from 2012 to 2019, exports stood at a somewhat lower figure.

Exports by Country

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

From 2007 to 2019, the average annual rate of growth in terms of volume to Japan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and South Korea (+X% per year).

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

From 2007 to 2019, the average annual growth rate of value to Japan stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and Malaysia (+X% per year).

Export Prices by Country

In 2019, the average cheese and curd export price amounted to $X per tonne, which is down by -X% against the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 when the average export price increased by X% y-o-y. As a result, export price attained the peak level of $X per tonne. From 2009 to 2019, the growth in terms of the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2019, the highest prices were recorded for prices to Hong Kong SAR ($X per tonne) and New Zealand ($X per tonne), while the average price for exports to China ($X per tonne) and South Korea ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR, while the prices for the other major destinations experienced more modest paces of growth.

Cheese And Curd Imports

Imports into Australia

In 2019, the amount of cheese and curd imported into Australia rose modestly to X tonnes, increasing by X% compared with the previous year's figure. Over the period under review, total imports indicated a tangible expansion from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Imports peaked at X tonnes in 2017; however, from 2018 to 2019, imports failed to regain the momentum.

In value terms, cheese and curd imports dropped to $X in 2019. Overall, total imports indicated notable growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports decreased by -X% against 2017 indices. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, New Zealand (X tonnes) constituted the largest cheese and curd supplier to Australia, with a X% share of total imports. Moreover, cheese and curd imports from New Zealand exceeded the figures recorded by the second-largest supplier, the U.S. (X tonnes), twofold. Italy (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from New Zealand was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Italy (+X% per year).

In value terms, New Zealand ($X) constituted the largest supplier of cheese and curd to Australia, comprising X% of total imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from New Zealand totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Italy (+X% per year).

Import Prices by Country

The average cheese and curd import price stood at $X per tonne in 2019, dropping by -X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2017 an increase of X% y-o-y. Over the period under review, average import prices attained the peak figure at $X per tonne in 2018, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was France ($X per tonne), while the price for the U.S. ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Denmark, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cheese and curd in the world?

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The U.S. (6.3M tonnes) remains the largest cheese and curd consuming country worldwide, accounting for 26% of total volume. Moreover, cheese and curd consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Germany (2.1M tonnes), threefold. The third position in this ranking was occupied by France (1.4M tonnes), with a 5.9% share.

What are the largest producers of cheese and curd in the world?

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The U.S. (6.5M tonnes) constituted the country with the largest volume of cheese and curd production, comprising approx. 27% of total volume. Moreover, cheese and curd production in the U.S. exceeded the figures recorded by the second-largest producer, Germany (2.5M tonnes), threefold. The third position in this ranking was occupied by France (1.7M tonnes), with a 7.2% share.

What are the leading suppliers of cheese and curd to Australia?

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In value terms, New Zealand ($190M) constituted the largest supplier of cheese and curd to Australia, comprising 38% of total imports. The second position in the ranking was occupied by the U.S. ($86M), with a 17% share of total imports. It was followed by Italy, with a 9.8% share.

What are the leading importers of cheese and curd from Australia?

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In value terms, Japan ($313M) remains the key foreign market for cheese and curd exports from Australia, comprising 46% of total exports. The second position in the ranking was occupied by China ($65M), with a 9.6% share of total exports. It was followed by Malaysia, with a 5.5% share.

What is the average export price for cheese and curd in Australia?

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In 2019, the average cheese and curd export price amounted to $4,219 per tonne, falling by -1.6% against the previous year.

What is the average import price for cheese and curd in Australia?

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The average cheese and curd import price stood at $5,156 per tonne in 2019, falling by -7.9% against the previous year.