U.S. - Cheese - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

U.S.: Cheese Market Overview 2020

Cheese Market Size in the U.S.

The revenue of the cheese market in the U.S. amounted to $X in 2018, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the market value increased by X% year-to-year. Over the period under review, the cheese market attained its peak figure level in 2018 and is likely to continue its growth in the near future.

Cheese Production in the U.S.

In value terms, cheese production totaled $X in 2018. The total output value increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2014 when production volume increased by X% against the previous year. In that year, cheese production attained 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 exports of cheese from the U.S. stood at X tonnes, increasing by X% against the previous year. In general, cheese exports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Over the period under review, cheese exports attained their maximum at X tonnes in 2014; however, from 2015 to 2018, exports remained at a lower figure.

In value terms, cheese exports stood at $X in 2018. Over the period under review, cheese exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Exports peaked at $X in 2014; however, from 2015 to 2018, exports stood 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 accounting for a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by China, 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), with a combined X% share 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 the main countries of destination, Panama recorded the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cheese export price stood at $X per tonne in 2018, flattening at the previous year. In general, the cheese export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% y-o-y. 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 failed to regain its momentum.

Average prices varied somewhat for the major foreign markets. In 2018, the countries with the highest prices were 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 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Canada, while the prices for the other major destinations experienced more modest paces of growth.

Cheese Imports

Imports into the U.S.

In 2018, approx. X tonnes of cheese were imported into the U.S.; rising by X% against the previous year. Overall, the total imports indicated a mild expansion from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-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 2010 indices. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, cheese imports amounted to $X in 2018. In general, cheese imports continue 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. Imports peaked at $X in 2015; however, from 2016 to 2018, imports remained at a 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 2007 to 2018, the average annual growth rate of volume from Italy stood at +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, the largest cheese suppliers to the U.S. were Italy ($X), France ($X) and Spain ($X), with a combined X% share of total imports. These countries were followed by Switzerland, the Netherlands, the UK, Germany, Denmark, Norway, Nicaragua, Greece and Canada, which together accounted for a further X the main suppliers, Nicaragua recorded the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cheese import price stood at $X per tonne in 2018, declining by -X% against the previous year. Over the period under review, the cheese import price continues to indicate a slight deduction. The most prominent rate of growth was recorded in 2009 an increase of X% against the previous year. Over the period under review, the average import prices for cheese reached their maximum at $X per tonne in 2013; however, from 2014 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was France ($X per tonne), while the price for Germany ($X per tonne) was amongst the lowest.

From 2007 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 mixed trend patterns.

Source: IndexBox AI Platform