Canada: Cheese And Curd Market 2024

Cheese And Curd Market Size in Canada

The Canadian cheese and curd market was estimated at $X in 2022, remaining constant against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Cheese and curd consumption peaked in 2022 and is expected to retain growth in the near future.

Cheese And Curd Production in Canada

In value terms, cheese and curd production stood at $X in 2022 estimated in export price. Overall, the total production indicated a perceptible 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, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of X%. Cheese and curd production peaked at $X in 2020; afterwards, it flattened through to 2022.

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Cheese And Curd Exports

Exports from Canada

After two years of decline, overseas shipments of cheese and curd increased by X% to X tons in 2022. In general, exports, however, saw a noticeable slump. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, cheese and curd exports soared to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for cheese and curd exports from Canada, accounting for a X% share of total exports. Moreover, cheese and curd exports to the United States exceeded the volume sent to the second major destination, Saudi Arabia (X tons), more than tenfold. Australia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Australia (X% per year).

In value terms, the United States ($X) remains the key foreign market for cheese and curd exports from Canada, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the average cheese and curd export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, export price indicated a strong expansion from 2012 to 2022: its price 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, cheese and curd export price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

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

Cheese And Curd Imports

Imports into Canada

For the eleventh year in a row, Canada recorded growth in purchases abroad of cheese and curd, which increased by X% to X tons in 2022. Overall, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, cheese and curd imports stood at $X in 2022. Over the period under review, total imports indicated a buoyant increase 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, imports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

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

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

In value terms, the largest cheese and curd suppliers to Canada were Italy ($X), the United States ($X) and France ($X), together comprising X% of total imports. Switzerland, the Netherlands, the UK, Denmark, Germany, Ireland, Australia, Greece, New Zealand and Norway lagged somewhat behind, together comprising a further X%.

Ireland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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 ton in 2022, growing by X% against the previous year. Overall, the import price, however, saw a mild downturn. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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