Eastern Asia: Cheese And Curd Market 2024

Cheese And Curd Market Size in Eastern Asia

The East Asian cheese and curd market amounted to $X in 2022, therefore, remained relatively stable against the previous year. The total consumption indicated a strong 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, consumption increased by X% against 2013 indices. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Cheese And Curd Production in Eastern Asia

In value terms, cheese and curd production stood at $X in 2022 estimated in export price. The total production indicated a moderate 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Cheese And Curd Exports

Exports in Eastern Asia

In 2022, shipments abroad of cheese and curd decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, showed resilient growth. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, cheese and curd exports reduced remarkably to $X in 2022. Overall, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The level of export peaked at $X in 2021, and then contracted remarkably in the following year.

Exports by Country

In 2022, Hong Kong SAR (X tons), distantly followed by Japan (X tons), Taiwan (Chinese) (X tons), China (X tons) and South Korea (X tons) represented the main exporters of cheese and curd, together making up X% of total exports.

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

In value terms, the largest cheese and curd supplying countries in Eastern Asia were Japan ($X), Hong Kong SAR ($X) and Taiwan (Chinese) ($X), together comprising X% of total exports.

Taiwan (Chinese), with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, declining by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then shrank modestly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced more modest paces of growth.

Cheese And Curd Imports

Imports in Eastern Asia

After ten years of growth, supplies from abroad of cheese and curd decreased by X% to X tons in 2022. Total imports indicated a moderate increase from 2012 to 2022: its volume 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 2012 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021, and then dropped in the following year.

In value terms, cheese and curd imports rose modestly to $X in 2022. Total imports indicated tangible growth 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 appeared the most rapid in 2017 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Japan represented the major importer of cheese and curd in Eastern Asia, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. China (X tons) ranks second in terms of the total imports with a X% share, followed by South Korea (X%). The following importers - Taiwan (Chinese) (X tons) and Hong Kong SAR (X tons) - each reached a X% share of total imports.

Imports into Japan increased at an average annual rate of X% from 2012 to 2022. At the same time, China (X%), Hong Kong SAR (X%) and South Korea (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. From 2012 to 2022, the share of China increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported cheese and curd in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

In Japan, cheese and curd imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: China (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Hong Kong SAR ($X per ton) and China ($X per ton), while South Korea ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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