China: Cheese Market 2022

Cheese Market Size in China

In 2021, the Chinese cheese market increased by X% to $X, rising for the fifth year in a row after two years of decline. The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Cheese Production in China

In value terms, cheese production stood at $X in 2021 estimated in export prices. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Cheese production peaked at $X in 2019; afterwards, it flattened through to 2021.

The average yield of cheese in China was estimated at less than X kg per head in 2021, therefore, remained relatively stable against the previous year. In general, the yield continues to indicate a relatively flat trend pattern.

In 2021, number of animals slaughtered for cheese production in China amounted to less than X head, therefore, remained relatively stable against the previous year. In general, the number of producing animals continues to indicate a relatively flat trend pattern.

Cheese Exports

Exports from China

In 2021, shipments abroad of cheese increased by X% to X tonnes, rising for the second year in a row after five years of decline. Over the period under review, total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2019 indices. The growth pace was the most rapid in 2014 when exports increased by X% y-o-y. As a result, the exports attained the peak of X tonnes. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, cheese exports soared to $X in 2021. In general, total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Hong Kong SAR (X tonnes) was the main destination for cheese exports from China, with a X% share of total exports. Moreover, cheese exports to Hong Kong SAR exceeded the volume sent to the second major destination, Bangladesh (X tonnes), fivefold. The third position in this ranking was occupied by Thailand (X tonnes), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Hong Kong SAR amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+X% per year) and Thailand (+X% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for cheese exports from China, comprising X% of total exports. The second position in the ranking was occupied by Bangladesh ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Hong Kong SAR amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+X% per year) and Thailand (+X% per year).

Export Prices by Country

In 2021, the average cheese export price amounted to $X per tonne, rising by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Democratic People's Republic of Korea ($X per tonne), while the average price for exports to Senegal ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Cheese Imports

Imports into China

For the tenth year in a row, China recorded growth in supplies from abroad of cheese, which increased by X% to X tonnes in 2021. Over the period under review, imports showed a buoyant increase. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, cheese imports stood at $X in 2021. In general, imports enjoyed a resilient increase. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, New Zealand (X tonnes) constituted the largest cheese supplier to China, with a X% share of total imports. Moreover, cheese imports from New Zealand exceeded the figures recorded by the second-largest supplier, Australia (X tonnes), sixfold. Denmark (X tonnes) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from New Zealand totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+X% per year) and Denmark (+X% per year).

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

From 2012 to 2021, the average annual rate of growth in terms of value from New Zealand stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+X% per year) and Denmark (+X% per year).

Import Prices by Country

The average cheese import price stood at $X per tonne in 2021, picking up by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per tonne in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per tonne), while the price for New Zealand ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform