Australia: Cheese And Curd Market Overview 2021

Cheese And Curd Market Size in Australia

In 2020, the Australian cheese and curd market increased by X% to $X, rising for the fourth year in a row after two years of decline. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. Over the period under review, the market reached the peak level in 2020 and is likely to see steady growth in years to come.

Cheese And Curd Production in Australia

In value terms, cheese and curd production dropped modestly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X; afterwards, it flattened through to 2020.

Cheese And Curd Exports

Exports from Australia

In 2020, the amount of cheese and curd exported from Australia fell modestly to X tonnes, with a decrease of -X% compared with the year before. In general, exports continue to indicate a mild slump. The growth pace was the most rapid in 2015 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at X tonnes in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, cheese and curd exports reduced modestly to $X in 2020. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. Exports peaked at $X in 2011; however, from 2012 to 2020, exports remained at a 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), fourfold. Malaysia (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume 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).

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 2020, the average annual growth rate of value 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 Malaysia (+X% per year).

Export Prices by Country

The average cheese and curd export price stood at $X per tonne in 2020, approximately reflecting the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008 when the average export price increased by X% y-o-y. As a result, export price reached the peak level of $X per tonne. from 2009 to 2020, the growth in terms of the average export prices failed to regain the momentum.

Average prices varied somewhat for the major overseas markets. In 2020, the countries with the highest prices were Singapore ($X per tonne) and New Zealand ($X per tonne), while the average price for exports to China ($X per tonne) and Japan ($X per tonne) were amongst the lowest.

From 2007 to 2020, 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 2020, overseas purchases of cheese and curd increased by X% to X tonnes for the first time since 2017, thus ending a two-year declining trend. Overall, total imports indicated pronounced growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2017 indices. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, imports reached the maximum at X tonnes in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

In value terms, cheese and curd imports rose significantly to $X in 2020. In general, total imports indicated a prominent increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2010 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

Imports by Country

New Zealand (X tonnes), the U.S. (X tonnes) and Italy (X tonnes) were the main suppliers of cheese and curd imports to Australia, together comprising X% of total imports.

From 2007 to 2020, the biggest increases were in the U.S., while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cheese and curd suppliers to Australia were New Zealand ($X), the U.S. ($X) and Italy ($X), together accounting for X% of total imports.

Among the main suppliers, the U.S. saw the highest growth rate of 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 average cheese and curd import price stood at $X per tonne in 2020, surging by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. Over the period under review, average import prices reached the maximum in 2020 and is likely to continue growth in years to come.

Prices varied noticeably by the country of origin; 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 2020, 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 Platform