Brazil: Cheese And Curd Market Overview 2021

Cheese And Curd Market Size in Brazil

The Brazilian cheese and curd market was finally on the rise to reach $X in 2020, after three years of decline. Overall, consumption enjoyed a prominent expansion. The growth pace was the most rapid in 2011 when the market value increased by X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2020, consumption stood at a somewhat lower figure.

Cheese And Curd Production in Brazil

In value terms, cheese and curd production expanded slightly to $X in 2020 estimated in export prices. Overall, the total production indicated a noticeable expansion from 2007 to 2020: its value 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, production increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. As a result, production attained the peak level of $X. from 2015 to 2020, production growth failed to regain the momentum.

Cheese And Curd Exports

Exports from Brazil

After two years of decline, shipments abroad of cheese and curd increased by X% to X tonnes in 2020. Overall, exports, however, continue to indicate a pronounced decline. Over the period under review, exports hit record highs at X tonnes in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, cheese and curd exports skyrocketed to $X in 2020. Over the period under review, exports, however, saw a perceptible contraction. Over the period under review, exports reached the peak figure at $X in 2008; however, from 2009 to 2020, exports failed to regain the momentum.

Exports by Country

Chile (X tonnes), Russia (X tonnes) and the U.S. (X tonnes) were the main destinations of cheese and curd exports from Brazil, together comprising X% of total exports.

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

In value terms, Russia ($X), Chile ($X) and the U.S. ($X) appeared to be the largest markets for cheese and curd exported from Brazil worldwide, together accounting for X% of total exports.

Russia saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cheese and curd export price stood at $X per tonne in 2020, increasing by X% against the previous year. Over the last thirteen-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. The export price peaked at $X per tonne in 2014; however, from 2015 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Taiwan (Chinese) ($X per tonne), while the average price for exports to Chile ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese), while the prices for the other major destinations experienced more modest paces of growth.

Cheese And Curd Imports

Imports into Brazil

After three years of decline, purchases abroad of cheese and curd increased by X% to X tonnes in 2020. In general, imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2016 when imports increased by X% y-o-y. As a result, imports reached the peak of X tonnes. from 2017 to 2020, the growth imports remained at a lower figure.

In value terms, cheese and curd imports rose remarkably to $X in 2020. Overall, imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2011 when imports increased by X% year-to-year. As a result, imports reached the peak of $X. from 2012 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2020, Argentina (X tonnes) constituted the largest cheese and curd supplier to Brazil, accounting for a X% share of total imports. Moreover, cheese and curd imports from Argentina exceeded the figures recorded by the second-largest supplier, Uruguay (X tonnes), twofold. The Netherlands (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Argentina totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (+X% per year) and the Netherlands (-X% per year).

In value terms, Argentina ($X) constituted the largest supplier of cheese and curd to Brazil, comprising X% of total imports. The second position in the ranking was occupied by Uruguay ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Argentina amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (+X% per year) and the Netherlands (-X% per year).

Import Prices by Country

The average cheese and curd import price stood at $X per tonne in 2020, falling by -X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2010 when the average import price increased by X% y-o-y. Over the period under review, average import prices hit record highs at $X per tonne in 2014; however, from 2015 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was France ($X per tonne), while the price for Argentina ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Uruguay, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform