MERCOSUR: Cheese Market 2024

Cheese Market Size in MERCOSUR

The MERCOSUR cheese market declined modestly to $X in 2022, approximately mirroring the previous year. Over the period under review, consumption saw a slight curtailment. The pace of growth appeared the most rapid in 2020 with an increase of X%. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Cheese Production in MERCOSUR

In value terms, cheese production totaled $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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Cheese Exports

Exports in MERCOSUR

Cheese exports rose markedly to X tons in 2022, with an increase of X% against the previous year. In general, exports, however, saw a slight downturn. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, cheese exports surged to $X in 2022. Over the period under review, exports, however, saw a mild descent. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Argentina represented the largest exporter of cheese in MERCOSUR, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2022. Uruguay (X tons) ranks second in terms of the total exports with a X% share, followed by Chile (X%). Brazil (X tons) followed a long way behind the leaders.

Exports from Argentina increased at an average annual rate of X% from 2012 to 2022. At the same time, Brazil (X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. Chile experienced a relatively flat trend pattern. By contrast, Uruguay (X%) illustrated a downward trend over the same period. Argentina (X p.p.) and Brazil (X p.p.) significantly strengthened its position in terms of the total exports, while Uruguay saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) remains the largest cheese supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Uruguay ($X), with a X% share of total exports. It was followed by Chile, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Argentina stood at X%. In the other countries, the average annual rates were as follows: Uruguay (X% per year) and Chile (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Brazil ($X per ton) and Chile ($X per ton), while Argentina ($X per ton) and Uruguay ($X per ton) were amongst the lowest.

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

Cheese Imports

Imports in MERCOSUR

In 2022, after two years of growth, there was significant decline in purchases abroad of cheese, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, cheese imports reached $X in 2022. Total imports indicated slight 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 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Chile was the key importer of cheese in MERCOSUR, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. It was distantly followed by Brazil (X tons), Peru (X tons) and Colombia (X tons), together comprising a X% share of total imports. Argentina (X tons), Paraguay (X tons) and Uruguay (X tons) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Colombia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cheese importing markets in MERCOSUR were Chile ($X), Brazil ($X) and Peru ($X), with a combined X% share of total imports. Colombia, Argentina, Paraguay and Uruguay lagged somewhat behind, together accounting for a further X%.

Colombia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries 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 MERCOSUR stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, 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 Colombia ($X per ton) and Peru ($X per ton), while Uruguay ($X per ton) and Chile ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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