U.S. - Cheese - Market Analysis, Forecast, Size, Trends and Insights

U.S.: Cheese Market Overview 2019

Cheese Market Size in the U.S.

The revenue of the cheese market in the U.S. amounted to $X in 2018, approximately reflecting the previous year. The market value increased at an average annual rate of +X% from 2013 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when the market value increased by X% against the previous year. Cheese consumption peaked in 2018 and is expected to retain its growth in the immediate term.

Cheese Production in the U.S.

In value terms, cheese production stood at $X in 2018. The total output value increased at an average annual rate of +X% from 2013 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when production volume increased by X% y-o-y. In that year, cheese production reached its peak level of $X. From 2015 to 2018, cheese production growth remained at a lower figure.

Cheese Exports

Exports from the U.S.

In 2018, the cheese exports from the U.S. amounted to X tonnes, rising by X% against the previous year. The total export volume increased at an average annual rate of +X% over the period from 2013 to 2018; the trend pattern remained relatively stable, with only minor fluctuations over the period under review. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2014; however, from 2015 to 2018, exports stood at a somewhat lower figure.

In value terms, cheese exports stood at $X in 2018. The total export value increased at an average annual rate of +X% from 2013 to 2018; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when exports increased by X% y-o-y. In that year, cheese exports attained their peak of $X. From 2015 to 2018, the growth of cheese exports remained at a somewhat lower figure.

Exports by Country

Mexico (X tonnes), South Korea (X tonnes) and Japan (X tonnes) were the main destinations of cheese exports from the U.S., together comprising X% of total exports. Australia, China, Canada, Indonesia, Taiwan, Chinese, Chile, Saudi Arabia, Panama and the Dominican Republic lagged somewhat behind, together comprising a further X 2013 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Panama, while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cheese exported from the U.S. were Mexico ($X), South Korea ($X) and Japan ($X), together accounting for X% of total exports. These countries were followed by Australia, China, Canada, Indonesia, Taiwan, Chinese, Chile, Saudi Arabia, Panama and the Dominican Republic, which together accounted for a further X the main countries of destination, Panama experienced the highest growth rate of exports, over the last five-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average cheese export price amounted to $X per tonne, remaining constant against the previous year. Over the period under review, the cheese export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of X% against the previous year. In that year, the average export prices for cheese reached their peak level of $X per tonne. From 2015 to 2018, the growth in terms of the average export prices for cheese remained at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2018, the highest prices were recorded for prices to Canada ($X per tonne) and China ($X per tonne), while the average price for exports to Australia ($X per tonne) and South Korea ($X per tonne) were amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced more modest paces of growth.

Cheese Imports

Imports into the U.S.

In 2018, the cheese imports into the U.S. totaled X tonnes, rising by X% against the previous year. In general, the total imports indicated resilient growth from 2013 to 2018: its volume increased at an average annual rate of +X% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cheese imports increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2015 when imports increased by X% year-to-year. Imports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, cheese imports totaled $X in 2018. Overall, cheese imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. Imports peaked at $X in 2015; however, from 2016 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, Italy (X tonnes) constituted the largest supplier of cheese to the U.S., accounting for a X% share of total imports. Moreover, cheese imports from Italy exceeded the figures recorded by the second-largest supplier, France (X tonnes), twofold. The third position in this ranking was occupied by Spain (X tonnes), with a X% share.

From 2013 to 2018, the average annual rate of growth in terms of volume from Italy amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and Spain (+X% per year).

In value terms, Italy ($X), France ($X) and Spain ($X) were the largest cheese suppliers to the U.S., together comprising X% of total imports. Switzerland, the Netherlands, the UK, Germany, Denmark, Norway, Nicaragua, Greece and Canada lagged somewhat behind, together comprising a further X experienced the highest growth rate of imports, among the main suppliers over the last five years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average cheese import price amounted to $X per tonne, shrinking by -X% against the previous year. Overall, the cheese import price continues to indicate an abrupt contraction. The pace of growth appeared the most rapid in 2016 a decrease of -X% y-o-y. The import price peaked at $X per tonne in 2013; however, from 2014 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was France ($X per tonne), while the price for Germany ($X per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by France, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform