U.S.: Cheese Market 2022

Cheese Market Size in the U.S.

After two years of growth, the U.S. cheese market decreased by -X% to $X in 2021. The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Cheese consumption peaked at $X in 2020, and then shrank slightly in the following year.

Cheese Production in the U.S.

In value terms, cheese production declined slightly to $X in 2021. The total output value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then declined slightly in the following year.

The average yield of cheese in the United States totaled less than X kg per head in 2021, remaining constant against the previous year's figure. Overall, the yield saw a relatively flat trend pattern.

The number of animals slaughtered for cheese production in the United States stood at less than X head in 2021, flattening at the previous year's figure. In general, the number of producing animals saw a relatively flat trend pattern.

Cheese Exports

Exports from the U.S.

In 2021, exports of cheese from the United States expanded notably to X tonnes, growing by X% compared with 2020. The total export volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, cheese exports expanded remarkably to $X in 2021. The total export value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Mexico (X tonnes), South Korea (X tonnes) and Japan (X tonnes) were the main destinations of cheese exports from the United States, together comprising X% of total exports. Australia, Canada, Chile, Panama, Guatemala, Taiwan (Chinese), China, Saudi Arabia, the Dominican Republic and Honduras lagged somewhat behind, together accounting for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Honduras (+X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cheese exported from the United States were Mexico ($X), South Korea ($X) and Japan ($X), together comprising X% of total exports. These countries were followed by Australia, Canada, Chile, Panama, Taiwan (Chinese), China, Guatemala, the Dominican Republic, Saudi Arabia and Honduras, which together accounted for a further X the main countries of destination, Chile, with a CAGR of +X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cheese export price stood at $X per tonne in 2021, standing approx. at the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by X% year-to-year. As a result, the export price reached the peak level of $X per tonne. From 2015 to 2021, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Canada ($X per tonne), while the average price for exports to Saudi Arabia ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Cheese Imports

Imports into the U.S.

Cheese imports into the United States expanded rapidly to X tonnes in 2021, picking up by X% on 2020. In general, imports, however, saw a mild slump. The most prominent rate of growth was recorded in 2019 with an increase of X% year-to-year. As a result, imports reached the peak of X tonnes. From 2020 to 2021, the growth imports failed to regain momentum.

In value terms, cheese imports surged to $X in 2021. The total import value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Italy (X tonnes) constituted the largest supplier of cheese to the United States, with 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 the Netherlands (X tonnes), with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (-X% per year) and the Netherlands (-X% per year).

In value terms, Italy ($X) constituted the largest supplier of cheese to the United States, comprising X% of total imports. The second position in the ranking was occupied by France ($X), with a X% share of total imports. It was followed by Switzerland, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and Switzerland (+X% per year).

Import Prices by Country

In 2021, the average cheese import price amounted to $X per tonne, rising by X% against the previous year. In general, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cheese import price increased by +X% against 2019 indices. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. The import price peaked in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Switzerland ($X per tonne), while the price for Nicaragua ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform