Australia: Market for Processed cheese (excluding grated or powdered) 2024

Market Size for Processed cheese (excluding grated or powdered) in Australia

For the third consecutive year, the Australian market for processed cheese (excluding grated or powdered) recorded growth in sales value, which increased by X% to $X in 2022. Overall, the total consumption indicated a temperate 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, consumption increased by X% against 2017 indices. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the near future.

Production of Processed cheese (excluding grated or powdered) in Australia

In value terms, production of processed cheese (excluding grated or powdered) rose slightly 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 somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Production of peaked in 2022 and is expected to retain growth in the immediate term.

Exports of Processed cheese (excluding grated or powdered)

Exports from Australia

Exports of processed cheese (excluding grated or powdered) from Australia fell to X tons in 2022, declining by X% on the previous year. In general, exports recorded a pronounced contraction. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of processed cheese (excluding grated or powdered) stood at $X in 2022. Overall, exports saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore (X tons), Malaysia (X tons) and Mauritius (X tons) were the main destinations of exports of processed cheese (excluding grated or powdered) from Australia, with a combined X% share of total exports. Thailand, Indonesia, New Zealand, Iraq, Hong Kong SAR, Bahrain, French Polynesia, the United Arab Emirates, Taiwan (Chinese) and Vietnam lagged somewhat behind, together comprising a further X%.

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

In value terms, Singapore ($X), Malaysia ($X) and Mauritius ($X) appeared to be the largest markets for processed cheese (excluding grated or powdered) exported from Australia worldwide, together accounting for X% of total exports. Thailand, New Zealand, Indonesia, Iraq, Bahrain, Hong Kong SAR, French Polynesia, the United Arab Emirates, Taiwan (Chinese) and Vietnam lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Vietnam, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for processed cheese (excluding grated or powdered) stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Bahrain ($X per ton) and Iraq ($X per ton), while the average price for exports to Vietnam ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Processed cheese (excluding grated or powdered)

Imports into Australia

In 2022, imports of processed cheese (excluding grated or powdered) into Australia reduced to X tons, falling by X% on the year before. Overall, imports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of processed cheese (excluding grated or powdered) reduced to $X in 2022. Over the period under review, imports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2020 when imports increased by X%. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, New Zealand (X tons) constituted the largest supplier of processed cheese (excluding grated or powdered) to Australia, accounting for a X% share of total imports. Moreover, imports of processed cheese (excluding grated or powdered) from New Zealand exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. The third position in this ranking was taken by Poland (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from New Zealand totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Poland (X% per year).

In value terms, New Zealand ($X) constituted the largest supplier of processed cheese (excluding grated or powdered) to Australia, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, 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 United States (X% per year) and France (X% per year).

Import Prices by Country

In 2022, the average import price for processed cheese (excluding grated or powdered) amounted to $X per ton, 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% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for New Zealand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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