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

Exports of Processed cheese (excluding grated or powdered)

Exports in Eastern Asia

In 2022, shipments abroad of processed cheese (excluding grated or powdered) decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Total exports 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, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2021, and then reduced remarkably in the following year.

In value terms, exports of processed cheese (excluding grated or powdered) shrank notably to $X in 2022. Over the period under review, exports, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs at $X in 2021, and then shrank markedly in the following year.

Exports by Country

South Korea (X tons) and Japan (X tons) represented the largest exporters of processed cheese (excluding grated or powdered) in 2022, finishing at approx. X% and X% of total exports, respectively. It was distantly followed by Hong Kong SAR (X tons), comprising a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest processed cheese (excluding grated or powdered) supplying countries in Eastern Asia were Japan ($X), South Korea ($X) and Hong Kong SAR ($X), together accounting for X% of total exports.

South Korea, 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 mixed trends in the exports figures.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, declining by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 an increase of X%. The level of export peaked at $X per ton in 2021, and then declined 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 ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Processed cheese (excluding grated or powdered)

Imports in Eastern Asia

In 2022, after three years of growth, there was significant decline in supplies from abroad of processed cheese (excluding grated or powdered), when their volume decreased by X% to X tons. Total imports indicated temperate growth 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. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports of hit record highs at X tons in 2021, and then contracted notably in the following year.

In value terms, imports of processed cheese (excluding grated or powdered) shrank to $X in 2022. The total import 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 in certain years. The growth pace was the most rapid in 2014 when imports increased by X%. The level of import peaked at $X in 2021, and then shrank in the following year.

Imports by Country

China (X tons) and Taiwan (Chinese) (X tons) represented the key importers of processed cheese (excluding grated or powdered) in 2022, resulting at near X% and X% of total imports, respectively. It was distantly followed by South Korea (X tons), Japan (X tons) and Hong Kong SAR (X tons), together constituting a X% share of total imports.

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

In value terms, the largest processed cheese (excluding grated or powdered) importing markets in Eastern Asia were China ($X), Taiwan (Chinese) ($X) and South Korea ($X), with a combined X% share of total imports.

Among the main importing countries, China, with a CAGR of X%, recorded the highest rates of growth with regard to 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 import price in Eastern Asia stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

Source: IndexBox Platform

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