China - Cheese - Market Analysis, Forecast, Size, Trends and Insights

China: Cheese Market Overview 2020

Cheese Market Size in China

The revenue of the cheese market in China amounted to $X in 2018, going up by X% against the previous year. In general, cheese consumption continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2017 when the market value increased by X% against the previous year. Over the period under review, the cheese market attained its peak figure level in 2018 and is expected to retain its growth in the immediate term.

Cheese Production in China

In value terms, cheese production amounted to $X in 2018 estimated in export prices. Over the period under review, the total output indicated a strong increase from 2007 to 2018: its value decreased at an average annual rate of -X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cheese production increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, cheese production reached its peak figure level in 2018 and is expected to retain its growth in the immediate term.

Cheese Exports

Exports from China

In 2018, approx. X tonnes of cheese were exported from China; rising by X% against the previous year. Overall, cheese exports, however, continue to indicate an abrupt deduction. The pace of growth appeared the most rapid in 2012 when exports increased by X% y-o-y. In that year, cheese exports reached their peak of X tonnes. From 2013 to 2018, the growth of cheese exports failed to regain its momentum.

In value terms, cheese exports amounted to $X in 2018. Over the period under review, cheese exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. Over the period under review, cheese exports attained their peak figure at $X in 2012; however, from 2013 to 2018, exports remained at a lower figure.

Exports by Country

China, Hong Kong SAR (X tonnes), Afghanistan (X tonnes) and Benin (X tonnes) were the main destinations of cheese exports from China, together accounting for X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Afghanistan, while the other leaders experienced more modest paces of growth.

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

From 2007 to 2018, the average annual rate of growth in terms of value to China, Hong Kong SAR totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Afghanistan (+X% per year) and Myanmar (-X% per year).

Export Prices by Country

In 2018, the average cheese export price amounted to $X per tonne, growing by X% against the previous year. Over the period under review, the export price indicated a prominent expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cheese export price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. Over the period under review, the average export prices for cheese reached their maximum in 2018 and is expected to retain its growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was China, Hong Kong SAR ($X per tonne), while the average price for exports to Benin ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia, while the prices for the other major destinations experienced more modest paces of growth.

Cheese Imports

Imports into China

In 2018, the imports of cheese into China stood at X tonnes, rising by X% against the previous year. In general, cheese imports continue to indicate an extraordinary expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, cheese imports amounted to $X in 2018. In general, cheese imports continue to indicate outstanding growth. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Imports peaked in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

In 2018, New Zealand (X tonnes) constituted the largest supplier of cheese to China, accounting for a X% share of total imports. Moreover, cheese imports from New Zealand exceeded the figures recorded by the second-largest supplier, Australia (X tonnes), threefold. The U.S. (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from New Zealand amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+X% per year) and the U.S. (+X% per year).

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

From 2007 to 2018, the average annual growth rate 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 the U.S. (+X% per year).

Import Prices by Country

The average cheese import price stood at $X per tonne in 2018, stabilizing at the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. In that year, the average import prices for cheese reached their peak level of $X per tonne. From 2009 to 2018, the growth in terms of the average import prices for cheese failed to regain its momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Italy ($X per tonne), while the price for the Philippines ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Philippines, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform