U.S. Cheese Market. Analysis And Forecast to 2025

U.S.: Cheese Market Overview 2019

Cheese Market Size in the USA

The revenue of the cheese market in the U.S. amounted to $X in 2017, standing approx. at the previous year. Overall, cheese consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014, with an increase of X% against the previous year. In that year, the cheese market attained their peak level of $X. From 2015 to 2017, growth of the cheese market stood at a somewhat lower level.

Cheese Production in the USA

In value terms, cheese production totaled $X in 2017. In general, cheese production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014, when the output figure increased by X% year-to-year. In that year, the cheese production reached their peak level of $X. From 2015 to 2017, growth of the cheese production failed to regain its momentum.

Cheese Exports

Exports from the USA

In 2017, exports of cheese from the U.S. totaled X tonnes, surging by X% against the previous year. Overall, cheese exports continue to indicate an outstanding growth. The growth pace was the most rapid in 2017, when exports increased by X% year-to-year. In that year, the cheese exports reached their peak volume, and are likely to continue its growth in the immediate term.

In value terms, cheese exports totaled $X in 2017. In general, cheese exports continue to indicate a skyrocketing increase. In that year, the cheese exports reached their peak level, and are likely to continue its growth in the immediate term.

Exports by Country

China (X tonnes) was the main destination of cheese exports from the U.S., with a X% share of total exports. It was followed by Japan (X tonnes), with a X% share of total exports.

From 2013 to 2017, the average annual rate of growth in terms of volume to China totaled +X%.

In value terms, China ($X) remains the key foreign market for cheese exports from the U.S., making up X% of total cheese exports. The second position in the ranking was occupied by Japan ($X), with a X% share of total exports.

From 2013 to 2017, the average annual growth rate of value to China stood at +X%.

Export Prices by Country

In 2017, the average cheese export price amounted to $X per kg, coming up by X% against the previous year. Overall, cheese export price continues to indicate a mild descent. The pace of growth was the most pronounced in 2016, an increase of X% against the previous year. Over the period under review, the average export prices for cheese attained its maximum level of $X per kg in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Average export prices varied noticeably for the major foreign markets. In 2017, the country with the highest export price was Japan ($X per kg), while average price for exports to China stood at $X per kg.

From 2013 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to China (+X% per year).

Cheese Imports

Imports into the USA

In 2017, imports of cheese into the U.S. amounted to X tonnes, picking up by X% against the previous year. Overall, the total imports indicated a strong increase from 2013 to 2017: its volume increased at an average annual rate of +X% over the last four year period. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the cheese imports decreased by -X% against 2015 indices. The growth pace was the most rapid in 2014, when imports increased by X% y-o-y. Over the period under review, the cheese imports reached its maximum volume of X tonnes in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

In value terms, cheese imports stood at $X in 2017. Overall, the total imports indicated a prominent increase from 2013 to 2017: its value increased at an average annual rate of +X% over the last four years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the cheese imports decreased by -X% against 2015 indices. The imports peaked of $X in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Imports by Country

Spain (X tonnes), the Netherlands (X tonnes) and Germany (X tonnes) were the main suppliers of cheese imports to the U.S., with a combined X% share of total imports. These countries were followed by Italy, Norway, Jamaica, Switzerland, Poland, Australia, Belgium and El Salvador, which together accounted for a further X%.

From 2013 to 2017, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Belgium (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), the Netherlands ($X) and Germany ($X) were the largest cheese suppliers to the U.S., with a combined X% share of total imports. Italy, Jamaica, Norway, Switzerland, Australia, Poland, El Salvador and Belgium lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Belgium (+X% per year) recorded the highest growth rate of imports, over the last four year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cheese import price stood at $X per kg in 2017, going down by -X% against the previous year. In general, cheese import price continues to indicate a noticeable drop. The pace of growth was the most pronounced in 2014, when the average import price increased by X% year-to-year. In that year, the average import prices for cheese attained their peak level of $X per kg. From 2015 to 2017, growth of the average import prices for cheese stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major supplying countries. In 2017, the country with the highest import price was Jamaica ($X per kg), while price for Poland ($X per kg) was amongst the lowest.

From 2013 to 2017, the most notable rate of growth in terms of import prices was attained by El Salvador (+X% per year), the import prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform