Republic of Korea - Unripened or Uncured Cheese - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUncured Cheese Price in South Korea - 2022
Contents:
- Uncured Cheese Price in South Korea (CIF) - 2022
- Uncured Cheese Price in South Korea (FOB) - 2022
- Uncured Cheese Imports in South Korea
- Uncured Cheese Exports in South Korea
Uncured Cheese Price in South Korea (CIF) - 2022
The average uncured cheese import price stood at $5,667 per ton in December 2022, almost unchanged from the previous month. Over the last twelve months, it increased at an average monthly rate of +2.6%. The pace of growth was the most pronounced in November 2022 when the average import price increased by 6.7% month-to-month. The import price peaked in December 2022.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($7,942 per ton), while the price for the Netherlands ($3,489 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Denmark (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Uncured Cheese Price in South Korea (FOB) - 2022
The average uncured cheese export price stood at $5,839 per ton in December 2022, flattening at the previous month. In general, the export price, however, continues to indicate a perceptible contraction. The growth pace was the most rapid in September 2022 an increase of 202% month-to-month. As a result, the export price attained the peak level of $9,698 per ton. From October 2022 to December 2022, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In December 2022, the country with the highest price was China ($12,563 per ton), while the average price for exports to Japan ($5,115 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.
Uncured Cheese Imports in South Korea
In 2022, purchases abroad of unripened or uncured cheese decreased by -2.8% to 100K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +3.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 13%.
In value terms, uncured cheese imports soared to $481M in 2022. The total import value increased at an average annual rate of +11.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Uncured Cheese in South Korea (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 193 | 195 | 209 | 244 | 8.1% |
Germany | 37.7 | 42.7 | 45.4 | 64.3 | 19.5% |
New Zealand | 16.2 | 32.5 | 26.2 | 29.1 | 21.6% |
Denmark | 22.0 | 37.6 | 29.6 | 27.5 | 7.7% |
Netherlands | 0.2 | 2.3 | 25.7 | 26.7 | 411.1% |
Australia | 20.3 | 18.2 | 21.0 | 26.1 | 8.7% |
Italy | 17.6 | 21.4 | 24.6 | 25.7 | 13.5% |
Belgium | 10.6 | 11.0 | 3.7 | 8.0 | -9.0% |
France | 11.8 | 11.6 | 13.6 | 7.2 | -15.2% |
Austria | 11.4 | 14.4 | 3.7 | 7.0 | -15.0% |
Others | 7.0 | 10.0 | 9.7 | 15.4 | 30.1% |
Total | 348 | 397 | 413 | 481 | 11.4% |
Top Suppliers of Uncured Cheese to South Korea in 2022:
- United States (48.0K tons)
- Germany (14.5K tons)
- Netherlands (8.0K tons)
- Denmark (6.2K tons)
- New Zealand (6.0K tons)
- Australia (5.6K tons)
- Italy (3.4K tons)
- Belgium (1.8K tons)
- Austria (1.5K tons)
- France (1.3K tons)
Uncured Cheese Exports in South Korea
In 2022, overseas shipments of unripened or uncured cheese decreased by -41.3% to 284 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 210% against the previous year. As a result, the exports reached the peak of 484 tons, and then dropped dramatically in the following year.
In value terms, uncured cheese exports reduced markedly to $1.8M in 2022. Over the period under review, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 135% against the previous year. As a result, the exports attained the peak of $3.1M, and then contracted rapidly in the following year.
Export of Uncured Cheese in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | N/A | 506 | 706 | 981 | 39.2% |
China | 344 | 522 | 1,611 | 561 | 17.7% |
United States | 1.5 | 192 | 435 | 220 | 427.4% |
Russia | 181 | 45.3 | 195 | 38.5 | -40.3% |
Others | 101 | 69.3 | 187 | 44.4 | -24.0% |
Total | 627 | 1,335 | 3,134 | 1,845 | 43.3% |
Top Export Markets for Uncured Cheese from South Korea in 2022:
- Japan (169.3 tons)
- China (47.5 tons)
- United States (32.6 tons)
- Russia (30.0 tons)
This report provides an in-depth analysis of the uncured cheese market 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 2030.
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the uncured cheese market in Republic of Korea.
This report provides an in-depth analysis of the cheese market in Republic of Korea.
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This report provides an in-depth analysis of the global uncured cheese market.
This report provides an in-depth analysis of the global cheese market.
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This report provides an in-depth analysis of the global market for processed cheese (excluding grated or powdered).
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Explore the top import markets for fresh cheese, including whey cheese and curd, with key statistics and figures from the IndexBox market intelligence platform.
The global cheese market is forecast to reach a value of $123.2 billion by 2030, growing at a CAGR of around 4.2% during 2022-2030.
In 2019, the global cheese market increased by 2.3% to $114.1B, rising for the third year in a row after two years of...
The global cheese market revenue amounted to $111.7B in 2018, going up by 3.2% against the previous year. This figure refl...
In 2015, the cheese market was estimated at X thousand tons.
From 2007 to 2015, the global cheese market showed an upward trend. In 2015, the cheese market was estimated at X thousand tons. In value terms, the cheese market value seesawed due to price fluctuations. It stood at X million USD, which wa
Global cheese market production was estimated at X million USD in 2015, a decrease of X million USD (X%) against 2014. In physical terms, the production of cheese was estimated at X million USD in 2015, which was X million USD (X%) mo
From 2007 to 2015, global cheese exports increased by +X% per year, amounting to X billion USD in 2015. In physical terms, exports on the global cheese market reached X thousand tons in 2015, an increase of X thousand tons against the pr
The total value of global cheese imports in 2015 stood at X billion USD. There was an annual increase of +X% for the period from 2007 to 2015. In physical terms, cheese imports reached X thousand tons in 2015, an increase of X thousand ton
The global trade in cheese and curd amounted to X million USD in 2015, showing notable fluctuations over the period under review. A significant drop in 2009 was followed by recovery over the next two years, until expor