Report Republic of Korea - Fresh Cheese - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: May 20, 2021

Republic of Korea - Fresh Cheese - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Market for Fresh cheese (unripened or uncured cheese), including whey cheese and curd 2021

Market Size for Fresh cheese (unripened or uncured cheese), including whey cheese and curd in Republic of Korea

In 2020, the South Korean market for fresh cheese (unripened or uncured cheese), including whey cheese and curd increased by X% to $X, rising for the third year in a row after two years of decline. In general, the total consumption indicated a tangible expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2009 when the market value increased by X% against the previous year. Over the period under review, the market attained the maximum level in 2020 and is likely to continue growth in the immediate term.

Production of Fresh cheese (unripened or uncured cheese), including whey cheese and curd in Republic of Korea

In value terms, production of fresh cheese (unripened or uncured cheese), including whey cheese and curd reached $X in 2020 estimated in export prices. Overall, the total production indicated a notable increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2009 with an increase of X% y-o-y. Production peaked at $X in 2012; afterwards, it flattened through to 2020.

Exports of Fresh cheese (unripened or uncured cheese), including whey cheese and curd

Exports from Republic of Korea

In 2020, after three years of growth, there was significant decline in overseas shipments of fresh cheese (unripened or uncured cheese), including whey cheese and curd, when their volume decreased by -X% to X tons. In general, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Exports peaked at X tons in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

In value terms, exports of fresh cheese (unripened or uncured cheese), including whey cheese and curd shrank significantly to $X in 2020. Overall, exports recorded a pronounced contraction. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, exports reached the maximum at $X in 2015; however, from 2016 to 2020, exports remained at a lower figure.

Exports by Country

Russia (X tons) was the main destination for exports of fresh cheese (unripened or uncured cheese), including whey cheese and curd from South Korea, with a X% share of total exports. Moreover, exports of fresh cheese (unripened or uncured cheese), including whey cheese and curd to Russia exceeded the volume sent to the second major destination, China (X tons), twofold.

From 2007 to 2020, the average annual growth rate of volume to Russia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-X% per year) and Hong Kong SAR (-X% per year).

In value terms, China ($X), Russia ($X) and Hong Kong SAR ($X) appeared to be the largest markets for fresh cheese (unripened or uncured cheese), including whey cheese and curd exported from South Korea worldwide, with a combined X% share of total exports.

Among the main countries of destination, Russia recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2020, the average export price for fresh cheese (unripened or uncured cheese), including whey cheese and curd amounted to $X per ton, with an increase of X% against the previous year. Overall, export price indicated noticeable growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, export price for fresh cheese (unripened or uncured cheese), including whey cheese and curd decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. Over the period under review, average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR, while the prices for the other major destinations experienced mixed trend patterns.

Imports of Fresh cheese (unripened or uncured cheese), including whey cheese and curd

Imports into Republic of Korea

For the fourth year in a row, South Korea recorded growth in overseas purchases of fresh cheese (unripened or uncured cheese), including whey cheese and curd, which increased by X% to X tons in 2020. In general, imports saw a strong increase. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Imports peaked in 2020 and are expected to retain growth in years to come.

In value terms, imports of fresh cheese (unripened or uncured cheese), including whey cheese and curd contracted modestly to $X in 2020. Overall, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Imports peaked at $X in 2019, and then reduced in the following year.

Imports by Country

In 2020, the U.S. (X tons) constituted the largest supplier of fresh cheese (unripened or uncured cheese), including whey cheese and curd to South Korea, with a X% share of total imports. Moreover, imports of fresh cheese (unripened or uncured cheese), including whey cheese and curd from the U.S. exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was occupied by Denmark (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from the U.S. totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Denmark (+X% per year).

In value terms, the U.S. ($X) constituted the largest supplier of fresh cheese (unripened or uncured cheese), including whey cheese and curd to South Korea, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by Denmark, with a X% share.

From 2007 to 2020, the average annual growth rate of value from the U.S. amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Denmark (+X% per year).

Import Prices by Country

The average import price for fresh cheese (unripened or uncured cheese), including whey cheese and curd stood at $X per ton in 2020, dropping by -X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2020, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the countries with the highest prices were the U.S. ($X per ton) and New Zealand ($X per ton), while the price for Denmark ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by New Zealand, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for fresh cheese (unripened or uncured cheese), including whey cheese and curd in the world?
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The countries with the highest volumes of consumption of fresh cheese unripened or uncured cheese), including whey cheese and curd in 2020 were China, the U.S. and India, together accounting for 31% of global consumption. These countries were followed by Japan, Pakistan, Russia, Italy, Brazil, Indonesia, Bangladesh, France, Mexico and Nigeria, which together accounted for a further 26%.
What are the largest producers of fresh cheese (unripened or uncured cheese), including whey cheese and curd in the world?
+
The countries with the highest volumes of production of fresh cheese unripened or uncured cheese), including whey cheese and curd in 2020 were China, the U.S. and India, together comprising 31% of global production. Japan, Pakistan, Italy, Germany, Russia, Brazil, Indonesia, Bangladesh, France and Mexico lagged somewhat behind, together comprising a further 27%.
What are the leading suppliers of fresh cheese (unripened or uncured cheese), including whey cheese and curd to Republic of Korea?
+
In value terms, the U.S. constituted the largest supplier of fresh cheese unripened or uncured cheese), including whey cheese and curd to South Korea, comprising 54% of total imports. The second position in the ranking was occupied by Germany, with a 11% share of total imports. It was followed by Denmark, with a 6.1% share.
What are the leading importers of fresh cheese (unripened or uncured cheese), including whey cheese and curd from Republic of Korea?
+
In value terms, the largest markets for fresh cheese unripened or uncured cheese), including whey cheese and curd exported from South Korea were China, Russia and Hong Kong SAR, with a combined 96% share of total exports.
What is the average export price for fresh cheese (unripened or uncured cheese), including whey cheese and curd in Republic of Korea?
+
The average export price for fresh cheese unripened or uncured cheese), including whey cheese and curd stood at $4,824 per ton in 2020, increasing by 4% against the previous year.
What is the average import price for fresh cheese (unripened or uncured cheese), including whey cheese and curd in Republic of Korea?
+
The average import price for fresh cheese unripened or uncured cheese), including whey cheese and curd stood at $3,605 per ton in 2020, dropping by -7.9% against the previous year.

This report provides an in-depth analysis of the market for fresh cheese (unripened or uncured cheese), including whey cheese and curd in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Product coverage:
• Prodcom 10514030 - Unripened or uncured cheese (fresh cheese) (including whey cheese and curd)
Country coverage:
• South Korea

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Republic of Korea
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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