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

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

In 2022, after three years of growth, there was significant decline in the Chinese market for processed cheese (excluding grated or powdered), when its value decreased by X% to $X. In general, consumption, however, saw a buoyant increase. Consumption of peaked at $X in 2021, and then fell significantly in the following year.

Exports of Processed cheese (excluding grated or powdered)

Exports from China

In 2022, shipments abroad of processed cheese (excluding grated or powdered) was finally on the rise to reach X tons after three years of decline. Overall, exports, however, continue to indicate a precipitous decrease. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of processed cheese (excluding grated or powdered) skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a dramatic contraction. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the exports of attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), the Philippines (X tons) and Democratic People's Republic of Korea (X tons) were the main destinations of exports of processed cheese (excluding grated or powdered) from China, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of X.7%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for processed cheese (excluding grated or powdered) exported from China were the Philippines ($X), the United States ($X) and Democratic People's Republic of Korea ($X), with a combined X% share of total exports.

The Philippines, with a CAGR of X.8%, recorded 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 mixed trend patterns.

Export Prices by Country

In 2022, the average export price for processed cheese (excluding grated or powdered) amounted to $X per ton, dropping by X% against the previous year. Over the period under review, export price indicated a perceptible increase 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, export price for processed cheese (excluding grated or powdered) increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2021, and then reduced in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Democratic People's Republic of Korea ($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 Philippines (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 China

After three years of growth, overseas purchases of processed cheese (excluding grated or powdered) decreased by X% to X tons in 2022. Over the period under review, imports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then declined notably in the following year.

In value terms, imports of processed cheese (excluding grated or powdered) reduced dramatically to $X in 2022. Overall, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports of reached the maximum at $X in 2021, and then fell dramatically in the following year.

Imports by Country

In 2022, New Zealand (X tons) constituted the largest processed cheese (excluding grated or powdered) supplier to China, 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, Denmark (X tons), twofold. France (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, 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: Denmark (X% per year) and France (X% per year).

In value terms, New Zealand ($X), France ($X) and Denmark ($X) were the largest processed cheese (excluding grated or powdered) suppliers to China, together comprising X% of total imports. Singapore, Austria, the United States, Vietnam, Australia, Italy, Ireland and Uruguay lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Vietnam, with a CAGR of X.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for processed cheese (excluding grated or powdered) stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, 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 more modest paces of growth.

Source: IndexBox Platform

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